The wheel strategy sounds good on paper.

Sell a put. Get assigned. Sell covered calls. Repeat.
Here is the problem.
You sell a $600 Q put. Collect $682.
The cash securing that trade? $60,000 sitting idle.
That is 1% per month. 12% annualized.
Meanwhile the NASDAQ went up 134% in 3 years.
You did all that work.
You stressed about every earnings report.
You hit trade after trade after trade.
You underperformed buy-and-hold by 90% in 3 years.
And when the market falls 35% you are not in capitalization mode.
You are in survival mode.
Trying to wheel out of assigned shares.
Missing the entire rebound.
The wheel is a hamster wheel.
Portfolio secured puts + LEAPS + base portfolio.
That is the exit.