Trading Scenarios
28 realistic scenarios with specific tickers, prices, and IV levels. Make the call, then learn why the optimal decision works.
How It Works
Each scenario gives you a realistic trading situation with specific numbers — ticker, price, IV, delta, DTE.
Choose from 3-4 options. There is one optimal answer, but every option has a realistic outcome explained.
Detailed explanations show why the optimal choice works, with links to relevant calculators and lessons.
Your First Wheel
Position sizing, CSP entry, assignment management, covered call placement, and sector diversification. The scenarios every new wheel trader faces.
Pick the Right Strike
Delta selection in different IV environments. When to go conservative (.20) vs aggressive (.30), comparing risk/reward, and reading the market context.
Managing Adversity
Assignment management, rolling decisions, earnings avoidance, bear market adjustments, portfolio triage, and knowing when to cut losses.