foundation
What Are Options
Foundational content explaining what options contracts are, how they give you additional possibilities with stocks, and the rights and obligations involved in options trading.
foundation
How Options Work
Foundational explanations of calls and puts, the key differences between buying and selling options, and why premium selling is central to the wheel strategy approach.
core theory
Option Pricing
Foundational explanations of calls and puts, the key differences between buying and selling options, and why premium selling is central to the wheel strategy approach.
core theory
About Assignment
Practical guidance for assignment and exercise situations when trading options, including cost basis tracking, position management after assignment, and transitioning between wheel strategy stages.
strategy - basic
Buying Options
strategy - income ⭐
Covered Calls
Clear tutorials on covered call mechanics, strike selection strategies, and managing positions to generate premium on stock you own as part of the wheel strategy.
strategy - income ⭐
Cash-Secured Puts
Simple explanations of how cash-secured puts work, plus guidance on selecting the right strikes, managing positions, and using CSPs as the foundation of your wheel strategy.
strategy - advanced ⭐
The Wheel
Comprehensive coverage of the complete wheel strategy—from selling cash-secured puts through managing assignment to selling covered calls and repeating the cycle.
advanced theory
Greeks
advanced strategy
Rolling Options
Guidance on when and how to roll positions, including the math behind rolling decisions, different rolling strategies, and choosing between rolling or accepting assignment.
critical skills ⭐⭐
Risk Management
Practical techniques for position sizing, portfolio allocation, loss management, and defensive strategies specifically designed for wheel strategy traders.
resources
Trading Psychology
Practical guidance for assignment and exercise situations when trading options, including cost basis tracking, position management after assignment, and transitioning between wheel strategy stages.
resources
Helpful Tools
Guidance on calculators, screeners, tracking systems, and other resources that help wheel strategy traders analyze positions, make decisions, and stay organized.