Sep 27, 2024 – Sep 25, 2026
Buy & hold finished $14056.78 ahead of the wheel (earned more: $25775.00 vs $11718.22).
Buy & hold Buy 100 shares and hold | Wheel strategy Puts → calls · keep premiums as cash | |
|---|---|---|
| Profit or loss | $25775.00 | $11718.22 |
| Largest drop | $12346.00 | $9912.31 |
Every sentence below is filled from the stored engine row. This page does not add a market story.
This simulation ran 2024-09-27 to 2026-09-25 (51 trades, 4 cycles).
Simulated premium was $21,718. Simulated stock / assignment P&L was −$10,000. Combined realized P&L was $11,718.
Puts were assigned on 9.8% of put trades (4 of 41). Calls were assigned away on 40.0% of call trades (4 of 10).
This simulation’s wheel P&L ($11,718) trailed buy-and-hold P&L ($25,775) on the stored window.
Largest wheel drawdown in the stored series was $9,912. Buy-and-hold drawdown was $12,346.
Of 51 priced entries, 7 used Black-Scholes fills from implied volatility, 27 used historical option bars, and 17 used Black-Scholes fills from realized volatility. The engine flagged this run as using modeled fills.
Phase 1 totals from the stored engine summary
Phase 2 totals from the stored engine summary
One fixed recipe — 10 DTE / 2% OTM — not your DTE or OTM
No underlying price tape and no per-trade list on this page
Results are simulated and can use model fills when quotes are missing
A failed weekly refresh removes this page until the next success
This simulation produced $21,718 in premium (51 trades, 4 cycles).
Simulated put assignment rate 9.8%; call-away rate 40.0%.
This simulation’s wheel P&L ($11,718) trailed buy-and-hold P&L ($25,775) on the stored window.
Requested 2024-09-27–2026-09-27; actual 2024-09-27–2026-09-25.
Premium, assignment, wheel P&L, and buy-and-hold P&L come from one engine row. The why-this-result copy is filled from those fields only.
The chart is the same 100-share wheel vs buy-and-hold series as the interactive tool. Underlying closes and the trade tape stay off this page.
Start a trial and open the gated wheel backtest to change DTE, OTM, or dates.
Simulated premium
$21,718
Assignment rate
9.8%
Wheel P&L
$11,718
Buy-and-hold P&L
$25,775
Pricing sources: 7 IV / 27 bar / 17 HV
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