Volatility regime (VIX)

WheelTrading.io knows five volatility regimes anchored to VIX levels. They steer the strategy automatically more defensively or aggressively.

The five buckets

Regime	VIX range	Min ATR distance	SP-L1 / SP-L2 / CC
sehr_ruhig	< 12	1.0	1 / 2 / 4
ruhig	12 – 15	1.0	2 / 3 / 3
normal	15 – 20	1.5	3 / 3 / 2
erhoeht	20 – 30	2.0	4 / 3 / 2
extrem	>= 30	2.5	4 / 2 / 1

Min ATR distance is the minimum strike-to-spot distance in ATR.

As VIX rises we pick more conservative strikes.

SP-L1 / SP-L2 / CC are the maximum positions per type (Short Put

Level 1, Short Put Level 2, Covered Call).

Automation

The engine pulls the current VIX and returns the active regime:

GET /api/strategy/accounts/{account_id}/regime?vix=22.5

Response:

{
  "vix": 22.5,
  "regime": {
    "label": "erhoeht",
    "min_atr": 2.0,
    "max_l1": 4,
    "max_l2": 3,
    "max_cc": 2,
    "risk_score_low_max": 0.6,
    "risk_score_medium_max": 1.2
  }
}

Risk thresholds

We compute a risk score, which yields three classes:

score < 0.6 â†’ Low
score < 1.2 â†’ Medium
score >= 1.2 â†’ High

Customising

With Wheel Premium you can edit all five regimes (boundaries, ATR thresholds, position caps). Without overrides the system defaults above apply.

Background

This is the static variant (Variant A). The complementary per-symbol variant lives under IV-Rank & Percentile.