Nvidia is mentioned as an alternative stock that can be used with the wheel strategy.
Source Post
How to Make $10,000/mo Running The Wheel Strategy on SoFi
Aug 30, 2026
The creator discusses using the Wheel Strategy on SoFi (SOFI) to generate monthly income. Despite SoFi's stock price being down and stagnant, the strategy allows for premium collection through selling put options, effectively lowering the average cost of ownership and providing consistent income. The creator details the process of selling a put option on SoFi, highlighting the premium collected and the resulting break-even price.
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Tesla is mentioned as an alternative stock that can be used with the wheel strategy.
The creator suggests that consistently applying the wheel strategy can outperform the S&P 500, which many investors struggle to beat.
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