The Wheel Paycheck system trades from a curated list of approved symbols, so you never have to worry about the bot chasing risky or unproven names. Every symbol on the list is a high-quality asset that has consistently performed well over time — established companies that have survived decades of market cycles and have a track record of paying reliable dividends. This gives the strategy a dependable foundation of blue-chip underlyings to sell options against, whether it's collecting premium on a cash-secured put or writing a covered call on shares you already hold.
You have two ways to decide which of these approved symbols the system uses. By default, we automatically assign assets for you based on your allocation amount and diversification goals, spreading your capital across the list so you're not overexposed to any single name. The more money you allocate, the more assets the system can put to work on your behalf. If you'd rather take the reins, you can also manually select your own symbols directly from our approved symbols list, giving you full control over exactly which companies your account trades.
Your capital goes to the best-paying puts first
Choosing your symbols is only half the job. On any given entry day, several of your symbols may have a put that meets your delta and DTE targets — but they won't all pay the same for the collateral they tie up.
So the system ranks the qualifying puts by return on the capital each one requires, and funds the highest-ROI opportunities first. A put that collects more premium per dollar of collateral gets your money before one that collects less. It works down that ranked list until the capital available for new entries runs out.
In practice this means your allocation is doing more work for the same risk profile. Two symbols can both sit at your target delta, and the system will pick the one paying better for the collateral.
Position sizing still applies
ROI ranking decides the order your capital is deployed in. It does not override how much gets deployed.
All the usual sizing rules still hold:
Your allocation is still the hard cap on committed collateral.
The one open contract per symbol limit still applies — the top-ranked symbol doesn't get funded twice.
Required buying power is still confirmed with your brokerage before each order.
The result is that your capital still spreads across your symbols the way it always did. It just reaches the better-paying opportunities first.
If you've set your own symbols
Custom symbol lists are preserved. If you've manually chosen your symbols, the system keeps trading exactly the names you picked — ROI ranking operates within your list, not outside it. It will never add a symbol you didn't select.
Default symbols by allocation
Allocation ≥ | Default symbols |
$5,000 | NIO, MARA, SOFI |
$10,000 | SOFI, MARA, O |
$20,000 | BAC, O, KO |
$30,000 | SOFI, VZ, BAC, O, KO |
$40,000 | VZ, O, KO, WMT, XOM |
$50,000 | O, KO, WMT, XOM, PLTR |
$60,000 | O, KO, WMT, XOM, NVDA |
$70,000 | O, KO, WMT, XOM, PLTR, COIN |
$80,000 | SOFI, VZ, O, KO, WMT, XOM, COIN, NVDA |
$90,000 | VZ, O, KO, WMT, COIN, NVDA, JNJ |
$100,000+ | O, KO, WMT, XOM, COIN, NVDA, JNJ |
Here's more symbols that you can choose from that are vetted based on high options volume, existed for more than 20 years on the market, and recovers from crashes within one to two months: SPY, QQQ, AAPL, MSFT, GOOGL, COST, HD, WMT, TXN, MCD, AMZN, GLD, NVDA, AMD, NFLX
