Logan Sterling
Educational only, not financial advice. Options involve risk. See the full disclaimer.

Options income education for disciplined investors

The Wheel: A Smarter Way to Generate Options Income

Turn the stock market into a source of consistent weekly income using one of the most time-tested strategies in options trading.

Start Here: What Is the Wheel? Free Wheel Calculator Get the Book
Desk with trading notes, options chain, and a wheel strategy diagram

Free Wheel Tools

Run the numbers, adjust cost basis after assignment, screen candidates, and practice the assignment decision.

Options Cost Basis Calculator

Add put and call premiums, fees, and dividends after assignment to see your adjusted basis and minimum call strike.

Wheel Strategy Screener

Stock and option-chain filters, plus red flags, for cash-secured put and covered call candidates.

Wheel Strategy Puzzles

Weekly assignment scenarios with a decision question and a worked answer. Free practice for options sellers.

Featured Guides

Cash-secured put trade diagram

Cash-Secured Puts Explained

Learn why selling puts is the entry point for many Wheel traders and how to manage the obligation responsibly.

Learn how cash-secured puts work

Why the Wheel?

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Consistent Income

Collect premium checks whether the market goes up, sideways, or slightly down, while keeping a defined plan for each trade.

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You're the House

Instead of guessing direction, the Wheel lets time decay work for you when you sell options with discipline.

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Works in Any Account

The strategy can be run with cash-secured positions in a regular brokerage account without complex margin structures.

Portrait of options educator Logan Sterling

About the Author

Logan Sterling writes for investors who want a calm, rules-based way to approach options income. His work focuses on making the Wheel options strategy understandable without pretending it is risk-free.

Logan is also the author of Spin the Wheel, Cash the Checks, available on Amazon.

Learn more about Logan

Latest from the Blog

Best Stocks for the Wheel StrategyHow to build a watchlist around quality, liquidity, and realistic premium. Wheel Strategy Do's and Don'tsThe operating rules that help keep a simple strategy from becoming sloppy. 7 Common Wheel Strategy MistakesWhat trips up newer traders and how to avoid the most expensive errors.