TraderVoila News
Options Insights,
Straight Talk.
Strategy guides, market takes, and tool tips for wheel traders, spread sellers, and everyone figuring this out as they go.
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$500 Wheel Challenge — Early Roll on SOUN, Banking $17.75
SOUN pulled back to $6.67, inflating premiums. We weren't in trouble — but $0.19 for 14 days is well above our target pace, so we rolled early from Sep 11 to Sep 25 and banked $17.75 net.
$500 Wheel Challenge — Back in SOUN, $6.50 Puts
Scanner flagged SOUN again. Sold Sep 11 $6.50 puts for $0.10 with the stock near $7 and support holding at $6.50.
$500 Wheel Challenge — $612, a Lesson, and What We're Looking At Next
SOUN expired. Account up 22.4% in three months without ever owning a share. An early-close lesson and how we filter 43 scanner candidates down to actionable trades.
$500 Wheel Challenge — Fees, Wins, and a New Position
TraderVoila's tracker caught $44 in hidden broker fees. SOUN closed near max profit. BULL netted $7.75. Account up 22.3%.
$500 Wheel Challenge — We Rolled Down to the $6 Strike
Market drop + earnings IV let us lower the strike from $6.50 to $6.00 and still collect net credit. Cost basis ~$5.29.
$500 Wheel Challenge — SOUN Rolled to July 24
Third roll. SOUN well below $6.50 but premium stacking up. Effective cost basis ~$5.92. Account ~$538 — up 7.7%.
$500 Wheel Challenge — SOUN Rolled Again to July 17
SOUN at support with no better alternative. Rolled for $11.74 net credit. Account balance $525.56 — up 5.1%.
$500 Wheel Challenge — Rolled SOUN to July 10
Market weakness pushed SOUN below our $6.50 strike the day before expiration. Rolled for $20.75 net credit instead of taking assignment.
$500 Wheel Challenge — Trade 2: SOUN $6.50 Puts
BULL closed for $20.49. SOUN was down 5% with RSI in the 30s near support — and we put the capital to work.
$500 Wheel Challenge — BULL Hit $7, We Closed for a Penny
From $5.61 at the worst point to $7.00. We closed for $0.01, banked $20.49 net, and immediately started looking for the next entry.
The $500 Wheel Challenge — Week 1: First Trade, First Roll
Day one of the challenge. Sold same-day puts on BULL, the S&P dropped 2.58%, and we rolled instead of panicking. Here's exactly what happened and where we stand heading into June 18.
The PDT Rule Is Gone — What It Actually Means for Options Traders
The $25,000 pattern day trader minimum was officially eliminated. Here's the honest take on what changed, what didn't, and whether it matters to your strategy.
Credit Spreads for Beginners — Defined Risk, Real Premium
If you want to sell options premium but aren't ready to risk assignment on a naked put, credit spreads are your answer. Here's how they work and when to use them.
The Wheel Strategy Explained — How to Generate Consistent Income Selling Options
Sell puts, get assigned, sell covered calls, repeat. The wheel is one of the most practical income strategies for retail traders — here's how to run it properly.
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