· wheel strategy
Microchip Technology Incorporated (MCHP) · wheel strategy $81.18
Day +3.4% · RSI 63 · Live · 15-min delayed · as of 10:55 AM ET
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IV rank · 1 year36
Year lowYear high
Implied vol 49%.
Sellers are paid the gap between implied and realized volatility. Cboe research puts the long-run S&P 500 gap near 4 points.
Fair valueNo fair value yet
No fair value yet for this stock. Add your own mark in Rules → Fair values, or wait for the engine's valuation run.
- Quality gates✓ Pass
- Under fair value–
- Market cap$44B
Next earningsNov 5Last ex-dividendAug 24
Closest put · nothing clears the default rules today
MCHP 60P · Nov 13
39 days · Δ0.10 · $1.15 mid · 18.3% annualized · 87% probability of profit
Score43
Market expects ±12.5% on earnings Nov 5; your strike is 26.1% away.(from the Nov 6 straddle)
IV rank3610.8 pts
Return6015.0 pts
Liquidity00.0 pts
Safety7411.1 pts
Timing406.0 pts
Strike on the chart
Checklist
Value ?SizeRed dayOversoldSupport
ValueRequired rule, metRed daySignal on todaySupportAlmostOversoldNot today
- Under fair value (required rule)
- Position under limit (required rule)0.0% of account · required to stay under 5% ✓
- Big red day+3.4% today · lit at -2.0% or lower –
- OversoldRSI 63 · lit at 30 or under –
- Near support15% above support $68.75 · lit within 3% –
Live · 15-min delayed. Default rules, not yours.
Rule-based setup from your own filters in Wheelhouse Trader. Not a recommendation.
Score it with your own rules.
Score it with your own rules