Is the wheel strategy a viable FIRE income plan vs. the 4% rule ?

Hey everyone, hope things are good on your end. Quick background about me: I own my home and I’m already invested around $1.9M. I’m planning to FIRE next year, probably Feb or Mar, and I’m hoping to be sitting at around $2.1M by then. Lately I’ve been thinking about what strategy to follow after FIRE, and I came across the wheel strategy. If I put all my capital into it, the numbers say I could generate around $24K a month, which is more than enough for me. I’ve been paper‑trading it for about three weeks now and so far everything is going according to plan. I’m only using QQQ, selling far OTM calls so I don’t get assigned, and sticking to 7DTE. My question is: am I missing something here? If this works, why don’t more people use this approach instead of the 4% rule? For context, I don’t pay tax on capital gains, but I do pay 30% tax on dividends. Right now I’m basically deciding between three approaches to fund my lifestyle after i FIRE: 1. Safe dividends and covered‑call funds like QQQI,JEPQ,SCHD (but I’d lose 30% of the dividends to tax), 2. The classic 4% rule, 3. The wheel strategy. If you’ve got any other ideas or approaches worth considering, I’d really appreciate the suggestions, as I feel nervous and not even sure if I should pull the trigger and FIRE or delay it for another year.