Oct 28, 2026 · 33 min · 12 segments
How do you pick stocks for the options wheel strategy—and what happens when you set that wheel on fire? On Options Boot Camp 414, Mark Longo and Dan Passarelli explore fundamental analysis for wheel…
Dan PassarelliHostMark LongoHostAll right, everybody, welcome to the Options Drills, the portion of the show where we break down some options topics or content or strategies or maybe some tips or tricks from the pros out there.
And if you can't tell listeners, if you can't get a little note, a little hint of trepidation in my voice, it's because I'm a little bit nervous today.
Mr. Dan, I'm a little scared to toss the reins over to you, but what you got? What you got for the folks this week, sir?
Well, you know, we talk so much about different option strategies, right? And lately with the book having come out, we've been talking a lot about the wheel.
And I mean, all option strategies are to some degree contingent upon their underlying stock.
But the wheel, especially because we're talking about investors who are looking at a stock to kind of hold for the long run and to at least drift up somewhat.
I think it's really important to be able to understand how to select quality stocks that are appropriate for the wheel.
Stocks that maybe you might want to own, that you wouldn't mind getting assigned on your puts, that you like holding and maybe writing some calls on.
I think it's really important, but it's not really an options thing, but it's extremely related to options.
So what I'm picking up from what you're putting down here, sir, is you want to spend the episode talking about reverse ratio iron condor swaps.
All right, everybody, welcome to the Options Drills, the portion of the show where we break down some options topics or content or strategies or maybe some tips or tricks from the pros out there.
And if you can't tell listeners, if you can't get a little note, a little hint of trepidation in my voice, it's because I'm a little bit nervous today.
Mr. Dan, I'm a little scared to toss the reins over to you, but what you got? What you got for the folks this week, sir?
Well, you know, we talk so much about different option strategies, right? And lately with the book having come out, we've been talking a lot about the wheel.
And I mean, all option strategies are to some degree contingent upon their underlying stock.
But the wheel, especially because we're talking about investors who are looking at a stock to kind of hold for the long run and to at least drift up somewhat.
I think it's really important to be able to understand how to select quality stocks that are appropriate for the wheel.
Stocks that maybe you might want to own, that you wouldn't mind getting assigned on your puts, that you like holding and maybe writing some calls on.
I think it's really important, but it's not really an options thing, but it's extremely related to options.
So what I'm picking up from what you're putting down here, sir, is you want to spend the episode talking about reverse ratio iron condor swaps.
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