🎉 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 stocks by IV rank, market cap, price range, and sector to find the best candidates for your next wheel trade.
See upcoming earnings dates for your positions and watchlist stocks so you never accidentally hold through earnings.
A comprehensive, trader-friendly reference for every term you'll encounter — from delta and theta to assignment risk and roll mechanics.
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.
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.
Implied volatility across major indices surged to 3-month highs, pushing annualized premiums on popular wheel names like AAPL, MSFT, and SPY above 30%. Here's how to take advantage without overexposing your portfolio.
Structured courses from complete beginner to advanced tactics — written by traders, for traders.
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