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How to Trade The Wheel

The Safest Way to Trade Options

Sell Cash Secured Puts and Covered Calls

Collect Premiums, Reinvest Dividends, Capture Capital Gains

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(I called this process "Trade Management" before I knew other people were calling it The Wheel!)​​​​

Part One:
What is The Wheel Strategy?

Start here! This video introduces the basics of The Wheel Strategy, including how it works and why it’s so popular among income-focused investors.

The Wheel Strategy Explained | Pt 1 of 4 | Sell Puts, Covered Calls & Earn Options Income w NVDA
Wheel Strategy Pt 2: NVDA Options | Sell Puts, Covered Calls, Earn Capital Gains | Saylor Financial

Part Two:
Profit on Both Sides

Sell puts low, sell calls high and position for capital gains.

Part Three:
Roll or Accept Assignment?

With a put and a call expiring near the money, we examine a real NVDA trade,  decide whether to roll or take assignment, consider tradeoffs and calculate the breakeven point.

Wheel Strategy P3: Rolling NVDA Options on Thinkorswim | Cash Secured Put & Covered Call | Saylor FF
The Wheel Strategy P4: Reduce Cost Basis with Options on Dividend Aristocrat TROW | ThinkorSwim

Part Four:
The Double Ferris Wheel

See how to trade The Wheel on both sides and collect income four ways: from puts, calls, dividends, and capital gains. The good news? Both options can’t go in the money at the same time!

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The Wheel Strategy in Action:
Live Trades, Real Outcomes
Check Out These YouTube Playlists

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Learn More:

"Trade Management for the Not-So-Novice Investor"​​

(I called it "Trade Management" before I knew everyone else called it "The Wheel.")

​Find detailed information in these books:

📕 The Novice Investor’s Guide to Stocks, Funds, and Options
📗 Beginner’s Guide to Safe Options Trading​​

​​​Or check out my Udemy courses.

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