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

Page: https://stenobird.com/podcast/peter-pru-option-sellers-school-7298973/i-m-done-using-delta-for-the-wheel-strategy-what-i-m-doing-instead
Text version: https://stenobird.com/podcast/peter-pru-option-sellers-school-7298973/i-m-done-using-delta-for-the-wheel-strategy-what-i-m-doing-instead.md
Podcast: [Peter Pru | Option Sellers School](https://stenobird.com/podcast/peter-pru-option-sellers-school-7298973)
Published: 2026-06-08T19:00:02+00:00
Episode link: https://www.spreaker.com/episode/i-m-done-using-delta-for-the-wheel-strategy-what-i-m-doing-instead--72284178
Audio file: https://dts.podtrac.com/redirect.mp3/api.spreaker.com/download/episode/72284178/76_im_done_using_the_options_delta_for_wheel_strategy_podcast_audio.mp3
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Duration seconds: 473

## Resource

🖥️ 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

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## Transcript

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