🎉 Welcome to The Wheel Option Workshop — your all-in-one hub for wheel strategy trading. Join free →
From free trade trackers and calculators to AI-generated trade ideas and premium coaching — everything a wheel options trader needs in one place.
No credit card. No catch. Just powerful tools to elevate your wheel trading game.
Instantly calculate annualized yield, breakeven price, and expected premium for any cash-secured put or covered call.
Log your CSPs and covered calls, track assignment history, and visualize premium income over time with a clean dashboard.
Filter 91 wheel-friendly stocks by sector, IV, capital, and risk level. Build your watchlist and open any stock in the calculator.
See upcoming earnings dates for wheel-friendly stocks. Color-coded by proximity — never get caught holding through a surprise report.
90+ terms defined — from delta and theta to roll mechanics, IV rank, and assignment risk. Searchable and organized by category.
Let AI scan the market and surface specific wheel trade setups — filtered by sector, IV rank, risk level, and earnings proximity. Get ideas in seconds, not hours.
Track every active wheel cycle — open CSPs, assigned shares, covered calls, total premium collected, and P&L per position all in one view.
See where current implied volatility sits relative to the past 52 weeks for any ticker. Know when IV is elevated enough to sell premium with confidence.
Set your entry conditions — price level, IV rank threshold, DTE range — and get a personalized pre-trade checklist you can monitor and act on.
The wheel is a systematic, income-generating options strategy. Here's the flow.
Sell a cash-secured put on a stock you're comfortable owning at the strike price. Collect premium immediately.
If the put expires worthless, keep the premium and repeat. If assigned, you acquire 100 shares at your strike.
With shares in hand, sell a covered call above your cost basis. Collect more premium while waiting for the call to be called away.
Whether you're called out or not, restart the cycle. The wheel generates consistent premium income in any market.
Structured courses from complete beginner to advanced tactics — written by traders, for traders.
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