Sep 27, 2024 – Sep 25, 2026
Buy & hold finished $4342.92 ahead of the wheel (earned more: $8047.00 vs $3704.08).
Buy & hold Buy 100 shares and hold | Wheel strategy Puts → calls · keep premiums as cash | |
|---|---|---|
| Profit or loss | $8047.00 | $3704.08 |
| Largest drop | $6227.00 | $3769.00 |
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 (48 trades, 8 cycles).
Simulated premium was $10,454. Simulated stock / assignment P&L was −$6,750. Combined realized P&L was $3,704.
Puts were assigned on 22.9% of put trades (8 of 35). Calls were assigned away on 53.8% of call trades (7 of 13).
This simulation’s wheel P&L ($3,704) trailed buy-and-hold P&L ($8,047) on the stored window.
Largest wheel drawdown in the stored series was $3,769. Buy-and-hold drawdown was $6,227.
Of 48 priced entries, 3 used Black-Scholes fills from implied volatility, 24 used historical option bars, and 21 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 $10,454 in premium (48 trades, 8 cycles).
Simulated put assignment rate 22.9%; call-away rate 53.8%.
This simulation’s wheel P&L ($3,704) trailed buy-and-hold P&L ($8,047) 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
$10,454
Assignment rate
22.9%
Wheel P&L
$3,704
Buy-and-hold P&L
$8,047
Pricing sources: 3 IV / 24 bar / 21 HV
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