{"slug":"the-wheel-strategy","qid":"legs","label":"Both legs of the wheel: SPY $740 put vs $740 call, same Jun 18 2026 expiry","post_title":"The Wheel Strategy: How the Loop Works","post_url":"/blog/the-wheel-strategy#q-legs","columns":["date","put_price","call_price"],"rows":[{"date":"2026-05-01","put_price":23.05,"call_price":7.22},{"date":"2026-05-04","put_price":26.59,"call_price":5.99},{"date":"2026-05-05","put_price":21.89,"call_price":8.13},{"date":"2026-05-06","put_price":16.52,"call_price":13.28},{"date":"2026-05-07","put_price":17.22,"call_price":11.8},{"date":"2026-05-08","put_price":14.77,"call_price":14.5},{"date":"2026-05-11","put_price":14.43,"call_price":15.61},{"date":"2026-05-12","put_price":14.68,"call_price":14.1},{"date":"2026-05-13","put_price":12.38,"call_price":17.27},{"date":"2026-05-14","put_price":9.99,"call_price":20.48},{"date":"2026-05-15","put_price":14.32,"call_price":13.72},{"date":"2026-05-18","put_price":13.2,"call_price":13.02},{"date":"2026-05-19","put_price":15.45,"call_price":10.3},{"date":"2026-05-20","put_price":11.69,"call_price":13.98},{"date":"2026-05-21","put_price":9.98,"call_price":14.48},{"date":"2026-05-22","put_price":8.79,"call_price":15.62},{"date":"2026-05-26","put_price":6.82,"call_price":18.4},{"date":"2026-05-27","put_price":5.95,"call_price":17.82},{"date":"2026-05-28","put_price":4.3,"call_price":20.7},{"date":"2026-05-29","put_price":3.9,"call_price":21.31},{"date":"2026-06-01","put_price":3.34,"call_price":22.5},{"date":"2026-06-02","put_price":2.79,"call_price":23.5},{"date":"2026-06-03","put_price":3.79,"call_price":18.4},{"date":"2026-06-04","put_price":2.75,"call_price":20},{"date":"2026-06-05","put_price":12.79,"call_price":7.27},{"date":"2026-06-08","put_price":8.93,"call_price":7.85},{"date":"2026-06-09","put_price":10.83,"call_price":6.73},{"date":"2026-06-10","put_price":18.7,"call_price":3.17},{"date":"2026-06-11","put_price":8.91,"call_price":7.02},{"date":"2026-06-12","put_price":5.44,"call_price":7.09},{"date":"2026-06-15","put_price":1.16,"call_price":15.41}],"shape":"series","sql":"SELECT date,\n       round(avgIf(option_close, ticker = 'O:SPY260618P00740000'), 2) AS put_price,\n       round(avgIf(option_close, ticker = 'O:SPY260618C00740000'), 2) AS call_price\nFROM global_markets.options_greeks\nWHERE ticker IN ('O:SPY260618P00740000', 'O:SPY260618C00740000')\n  AND date BETWEEN '2026-05-01' AND '2026-06-15'\n  AND implied_volatility > 0.02\nGROUP BY date\nHAVING countIf(ticker = 'O:SPY260618P00740000') > 0\n   AND countIf(ticker = 'O:SPY260618C00740000') > 0\nORDER BY date","computed_at":"2026-07-31T03:05:05.588933+00:00","elapsed":0.010750282}