The Wheel Option Workshop started as a way to share what I'd learned about the wheel strategy with a few friends. It grew from there — into the tool I always wished existed when I was figuring this out myself.
When I first started running the wheel — selling cash-secured puts, managing assignments, transitioning to covered calls — the information was scattered everywhere. YouTube videos that contradicted each other. Reddit threads with no accountability. Generic options platforms designed for day traders, not wheel traders.
So I started writing things down for the people in my life who were curious about it. Notes turned into spreadsheets. Spreadsheets turned into simple tools. Those tools turned into this site.
"I didn't build this to sell you anything or tell you what to trade. I built it because the wheel strategy changed how I think about income from a portfolio — and I wanted to make that accessible to anyone willing to learn it properly."
Every tool here exists because I needed it, or because someone I was helping asked for it. There's no filler, no upsell funnel, no trade alert newsletter trying to get you to subscribe. Just the tools.
If you've just heard about the wheel strategy and want to understand how it actually works before risking a dollar — this is the right place. Start with the Glossary. Use the Calculator to run numbers on hypothetical trades. Read through the tool descriptions to understand what each metric means before you need it.
If you're already running the wheel and want better infrastructure — the Trade Journal tracks your open positions, closed cycles, and performance over time. The IV Rank tool helps you time your entries. The Stock Screener surfaces wheel-friendly candidates based on the criteria that actually matter.
The site is designed so you can use it at whatever level you're at. You don't need to be an expert to get value from day one, and you won't outgrow it as your strategy matures.
Most options platforms are built for active traders running complex strategies. The wheel is simple by design — but the tools available for wheel traders are either too generic or too complicated. Everything here is purpose-built for how the wheel actually works.
The tools here map to the natural workflow of running the wheel — from finding candidates, to timing entries, to logging and tracking what you have open.