The Wheel - Weekly Income for Life!
What is the Wheel Strategy?
The “Wheel” is an options selling strategy where you get paid a premium to sell options contracts to the market.
Essentially, you’re a bank. You loan capital to the market by selling options contracts to the market for a certain amount of time. In return, the market pays you a premium for borrowing your capital.
This is a common strategy that can be done on a weekly or monthly basis to generate consistent 1-3% returns for yourself.
Included Features
- (When available) eBook with complete strategy and step-by-step guide on entry and exit mechanics.
- Organized, efficient, and comprehensive trade tracking spreadsheet.
- Formula driven to automatically calculate your P/L throughout the year.
- A calendar that tracks weekly, quarterly, and annual returns.
- Input potential trades to forecast returns.
- Journal your thoughts each week to help analyze ideas and track your progress.
- No additional charges or recurring fees.
Who is this Trade Log for?
- New options traders who are looking to learn a long-term and consistent income producing strategy.
- Intermediate options traders who want to expand their skills by tracking trades and learning from their positions.
- Seasoned options traders who are looking for a highly organized and efficient way to track their positions.
How to Use this Trade Log
The top of this Trade Log comes with step-by-step instructions, an example week of trades, and annotated cells to get familiar with terms. Simply follow the step-by-step instructions within the document, track your options trades like the example week and let the Trade Log do all the tracking work for you.
Any future updates will be passed through to you for free with your original one time purchase.
Creator Bio
I hold a Bachelors and a Masters degree from the Rochester Institute of Technology (RIT). Aside from building multiple small businesses throughout college, I am now a product designer at Capital One Finance.
Prior to and throughout COVID times, I taught myself multiple successful options trading strategies. This trade log was developed from my multiple years of options experience and a personal need for an accurate trade log solution.
My system with the Wheel Strategy returns 1-3% per week consistently, and now I am sharing my knowledge with the world.
If you are looking for a guided education on how to trade the Wheel Strategy to generate 1-3% weekly ROI, go buy "The Wheel - Weekly Income for Life" eBook here (Website). A copy of this trade log is included with the eBook.
I am always available for questions or concerns. Good luck and happy trading!
Disclaimer
The content in these documents are for informational and educational purposes only. All traders and investors must be aware of the real risk of capital loss when following any trading or investment strategy they decide to use. All forms of trading and investing are a speculative endeavor and any trades or investments you make are at your own discretion.
Downloadable Excel Spreadsheet - Wheel Strategy Trade Log