I would love to add PARA to my portfolio, but the options just have 0 bid and the prices are all over the place. I don't have any confidence in that working out.
While hunting for a new stock this week with a clear buy rating and possible momentum, I came up with SMCI. I had previously avoided this stock because of the volatility and massive price swings which could have been $50 or more happening very rapidly. That kind of price movement is not good for the wheel strategy. Since the split though, the price is right in my sweet spot under $50/share and volatility is still elevated in the 70s, but that's within a reasonable range. There should be some good option premium here.
It would be wonderful for my portfolio to have exposure to tech and this company has a wide range of products in tech.
SMCI is currently up YTD but down 42% still over trailing 1 year.