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      • What the Wheel strategy actually is
      • Why the Wheel works structurally
      • Step one selling the cash secured put
      • Step two assignment and owning the stock
      • Step three selling covered calls
      • Cycling the Wheel over time
      • Capital allocation and position sizing
      • Managing Wheel positions actively
      • Risks and when not to use the Wheel
      • Strategy summary and readiness check

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