I'm DONE Using Delta For The Wheel Strategy (What I'm Doing Instead)

I'm DONE Using Delta For The Wheel Strategy (What I'm Doing Instead)

From Peter Pru | Option Sellers School by Peter Pru

June 8, 2026 · 8 min

About this episode

Peter Pru discusses the limitations of using Delta in options trading and introduces the Return on Collateral calculation for better risk assessment.

🖥️ Register For A Workshop + Free Calculators & Watchlist: 👉 https://onlypeterpru.com/ark-options-workshop?utm_source=pod&utm_id=social 🚨Get Trade Ideas & Market Updates: 👉 https://theweeklywheel.beehiiv.com/ If you are only using Delta to judge your options trades, you are flying blind to the actual risk-to-reward ratio on your capital. In this video, I explain why two trades with identical Deltas can have vastly different risk profiles, and I introduce the "Return on Collateral" calculation that reveals what the market is really saying about your trade

People in this episode

Host: Peter Pru

Topics covered

  • options trading
  • risk management
  • wheel strategy
  • Delta
  • Return on Collateral

Keywords

  • Delta
  • options trades
  • risk-to-reward ratio
  • Return on Collateral
  • trade ideas

Mentioned in this episode

Organizations: Weekly Wheel, Ark Options Workshop

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