30-45 DTE Wheel Strategy Entries

Timeframe Recommendation
Use Daily Charts - Each candle represents 1 trading day, aligning with:
30-45 day expiration cycles
Reduced noise compared to intraday charts
Natural alignment with monthly options expiration
Optimized Entry Filters
Stricter requirements than standard wheel strategy:
HV Rank > 60% (instead of 50%) - Ensures sufficient volatility
ATR% > 1.5 - Filters out low-volatility environments
RSI crosses 35/65 (more conservative than standard 30/70)
50/200 SMA trend filter (avoid counter-trend trades)
Visual Guidance
Green ▲ = Put selling opportunity (bullish)
Red ▼ = Call selling opportunity (bearish)
Table shows crucial metrics for monthly trades:
Historical Volatility Rank
Current ATR percentage
Overall market trend
DTE window reminder
Best Practices for 30-45 DTE Trading:

Enter positions when you see signals in the first 3 days of the week (Monday-Wednesday)
Look for signals where price is at the extreme 10% of the Bollinger Band
Combine with earnings calendar - avoid positions with earnings in next 30 days
Ideal setup has both:
High HV Rank (>70%)
ATR% > 2.0
Clear trend alignment
Example Trade Sequence:

On daily chart, wait for green triangle below price
Check table: HV Rank 68%, ATR% 2.1%, Trend = Bullish
Sell 30-45 DTE put at lower Bollinger Band strike
Manage position separately (no exit markers shown)