VIX Explained: My #1 Indicator For The Wheel Strategy

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The VIX is often called the "fear gauge," but for option sellers, it is the most reliable tool for determining when market premiums are actually worth the risk. In this video, I break down how I use the VIX to time my Wheel Strategy entries, ensuring I only sell options when volatility is high enough to justify the trade. Watch this tutorial to learn how to read this critical indicator and avoid selling cheap options in a quiet market.