Market Open

Wheel Strategy

Sell puts, get assigned, sell calls, repeat. Collect premiums at every stage.

How The Wheel Works
1

Sell Cash-Secured Put

Collect premium. Wait for assignment or expiry.

2

Get Assigned Shares

Buy shares at your chosen strike (at a discount).

3

Sell Covered Call

Collect premium. Shares get called away or repeat.

Repeat

Go back to Step 1. Keep collecting premiums.

Active Wheels

TSLAStage 1: Selling Puts

Strike Price

$250

Expiration

2026-04-25

Premium

$5.2/share

Total Collected

$1,840

Shares Owned

0

AAPLStage 3: Selling Calls

Strike Price

$225

Expiration

2026-04-18

Premium

$3.8/share

Total Collected

$2,650

Shares Owned

100

Quick Setup — Start a New Wheel