# Wheel Position Management

## ROLL DECISION CALCULATOR

Enter your current position and the proposed roll target. The calculator tells you whether to roll, close, or take assignment — and why.

### The Golden Rule of Rolling

**Only roll for a net credit.** Rolling for a debit means you are paying to delay a loss — not solving the problem. If you cannot collect at least $0.05 net credit after the roll, close the position and move on.

**Exception:** Rolling down AND out (lower strike, longer DTE) can be done for small debit if it meaningfully improves your break-even and you still want to own the stock at the lower strike.

### Cash-Secured Put/Covered Call

#### Current Position — CSP

- **Ticker**
- **Current stock price ($)**
- **Put strike price ($)**
- **Original premium collected ($)**
  - Per share when you opened the trade
- **Current option price ($)**
  - What it costs to buy back right now
- **Days to expiration (DTE)**
- **Number of contracts**

#### Proposed Roll Target

- **New strike price ($)**
  - Lower strike = less assignment risk
- **New expiration DTE**
  - 14–30 days recommended
- **New premium available ($)**
  - Per share at the new strike + expiry

#### Do you want to own this stock?
- Yes — willing to own at strike
- Maybe — depends on price
- No — do not want assignment

#### Earnings within 21 days of new expiry?
- No — clear
- Yes — earnings risk
- Unknown — need to check

▶ Calculate Roll Decision

### Decision breakdown

Full scenario comparison

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This calculator is for educational purposes only. Options trading involves substantial risk of loss. Always verify earnings dates at earningswhispers.com before rolling. · OPERATOR Trading · Not financial advice.