With the Wheel strategy you sell options on companies you'd be glad to own anyway, and collect option-writing premiums for it. WheelTrading brings it all into one place: your account reconciled read-only, the companies assessed from their fundamentals, every cycle clearly reviewed. The trading and the decisions stay with you.
Read-only demo with sample data. No real orders possible.
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🇨🇭 Hosted in Switzerland · GDPR compliant · TOTP 2FA · Read-only IBKR
Total
+€5,883.89
Avg.
+€420.28
Best
+€1,200.29
Illustration only – not real or typical trading results.
The Wheel strategy is first and foremost a calm cash-flow strategy – not a chase for the biggest number.
By selling puts and calls you collect option-writing premiums – documented cycle by cycle. Not gambling, but income you can check at any time.
Fundamentals, earnings and dividend dates in one place. So you only work with companies you'd still want to hold even if the shares were assigned to you.
Connected to your account read-only, no automatic orders, no recommendations. WheelTrading shows the facts – the decision stays yours.
How the Wheel strategy works in practice:
You sell a put on a quality company you'd be glad to hold anyway. The option-writing premium is credited to your account immediately and is available again from day 1.
If the option expires worthless, you keep the premium in full and sell the next put right away. On assignment, you take the shares at the price agreed in advance (strike). To lower your entry price further, you can sell another put at a lower strike – or already write a covered call in parallel.
On the shares now in your account, you sell covered calls above your entry price. This earns you option-writing premiums again; if the call is exercised above your entry price, an additional price gain can arise. If the company pays a dividend and you hold the shares on the ex-date, you receive that too. This combines several cash-flow building blocks into one overall result.
If the call is exercised, your shares are automatically sold at the exercise price agreed in advance (strike). Any price gain up to the strike is realised and the capital you deployed becomes free again. The cycle is complete – you can now start over with a new put.
The highest option-writing premiums often appear on extremely volatile stocks. But a high premium is worth little without a stock that has real substance. With WheelTrading you first calmly analyse the company's fundamentals – and decide for yourself which quality companies fit your portfolio.
These are real exchange-traded options on regulated derivatives exchanges – not certificate trading and not products issued by the provider.
Note: option strategies carry risk of substantial loss up to total loss. WheelTrading.io is not investment advice.
A Wheel cycle often spans weeks and covers many individual stages: from selling the put through a possible assignment and dividend payments to the covered call. Without the right tool, you quickly lose track between your broker account, option chains, fundamentals and your own spreadsheets. WheelTrading bundles your entire process in one central place.
Full control & overview
See at a glance how your Wheel strategy affects your portfolio.
Flexible analysis
The return you achieved per trade, over flexible periods, per company, per strategy or by dividends received – cleanly visualised.
Personal notes
Capture your thoughts and learnings on every trade and make sense of your history at any time later.
Profit and loss, open positions, cash reserve and margin usage – automatically combined from your account and the trades you record.
More than just numbers – a full overview for your risk management:
The market overview bundles sectors, volatility and key macro signals in one place – so you see the big picture before you dive into the detail.
Orientation for spreading across sectors:
Before you write a put, calmly check whether a company fits your strategy – with fundamentals, dividends and dates in one place.
Spot quality before you trade:
From opening your account to your first documented trade – guided step by step.
To execute your trades you need a broker account. Lynx runs on Interactive Brokers technology and offers German-speaking support and tax reporting.
Sign up, confirm your email and choose the plan that fits your trading volume.
Connect your account in read-only mode and set up the data sync. A detailed guide walks you through every setting.
Now you're ready for your Wheel – calmly and by your own criteria.
Start your free trial now.
Read-only demo with sample data. No real orders possible.
Sign-up coming soon
🇨🇭 Hosted in Switzerland · GDPR compliant · TOTP 2FA · Read-only IBKR