- Entry
- $53.30
- Now
- $50.40 -5.5%
- Target
- —
- Score
- —
Hey everyone, I’ve been running the Wheel strategy on SLV for a while now, consistently collecting premiums through Cash Secured Puts (CSPs) and transitioning into Covered Calls (CCs) when assigned. Everything was going smoothly until a sudden, early assignment caught us completely off guard right before the recent drop. Currently, my wife and I are sitting on a massive unrealized loss, and honestly, I’m at a crossroads on how to manage this. Here is a breakdown of our positions and …
— ORIGINAL POST ·
Caught heavily holding the bag on SLV via The Wheel strategy. Need some veteran advice.
· r/options
· Jul 9, 2026