How the Wheel Works
A practical walkthrough of stock selection, selling puts, assignment, covered calls, and restarting the cycle.
Read the step-by-step Wheel strategy guideOptions income education for disciplined investors
The Wheel: A Smarter Way to Generate Options Income
Turn the stock market into a source of consistent weekly income using one of the most time-tested strategies in options trading.
Featured Guides
Cash-Secured Puts Explained
Learn why selling puts is the entry point for many Wheel traders and how to manage the obligation responsibly.
Learn how cash-secured puts work
Covered Calls Explained
See how to collect income on shares you own while planning for the possibility of having those shares called away.
Learn how covered calls generate incomeWhy the Wheel?
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Consistent Income
Collect premium checks whether the market goes up, sideways, or slightly down, while keeping a defined plan for each trade.
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You're the House
Instead of guessing direction, the Wheel lets time decay work for you when you sell options with discipline.
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Works in Any Account
The strategy can be run with cash-secured positions in a regular brokerage account without complex margin structures.
Latest from the Blog
Best Stocks for the Wheel StrategyHow to build a watchlist around quality, liquidity, and realistic premium.
Wheel Strategy Do's and Don'tsThe operating rules that help keep a simple strategy from becoming sloppy.
7 Common Wheel Strategy MistakesWhat trips up newer traders and how to avoid the most expensive errors.