Cheap Wheel Strategy Stocks Under $25 for August 2025

If you’ve got a smaller account and want real companies—not penny stock garbage—for running the Wheel Strategy, here’s my August watchlist. These setups are all names I’ve got real conviction in and are priced to make CSPs and covered calls more accessible for smaller portfolios. I walk you through where each is trading, what I’m watching for on the charts, and where the ROI on collateral actually makes sense. This is exactly how I approach “cheap” Wheel plays without sacrificing quality or discipline.