Explainer Posts

Selling options can generate income by receiving premiums for selling the right to buy or sell an asset. This guide provides a practical approach to selling options, including covered calls and cash-secured puts, with risk management techniques.

Introduction The wheel options strategy involves selling put options, buying the underlying asset if assigned, and then selling covered calls. Staying organized is key to successful wheel trading. Let's dive into how a Google Sheet can be your command center for this strategy. Setting Up Your Wheel Tracking

Introduction The Wheel options strategy, while seemingly straightforward, involves navigating the complexities of various option Greeks. Understanding these Greeks—specifically Vega, Gamma, and Rho—is crucial for informed trading decisions and risk management. Let's delve into how these Greeks affect your Wheel strategy. We highly recommend trying our

Understanding the Wheel Options Strategy The Wheel Options strategy is a defined-risk approach that combines selling covered calls and cash-secured puts to generate income. It's best suited for stable, dividend-paying stocks or ETFs. This strategy capitalizes on time decay (theta) and implied volatility. Option Greeks Explained: Delta and