Sorry if this is a stupid question. Just getting into the wheel and couldn't find much info on this.
Why does delta matter for selling covered calls or cash secured puts? Isn't the entire point to just collect the premiums while having a buy/sell limit in place where you'd be happy to make that trade?
From my understanding, delta is how much an option's value changes with the stock price? But wouldn't the premium be the same regardless, as well as the buy or sell price of 100 of that stock?