Blog
Plain-English options education from the WheelAI team.
May 28, 2026
Which stocks work for the Wheel? A no-BS checklist for filtering candidates
Most stocks fail at least one Wheel criterion. Here's the 7-point checklist we use to filter the universe down to a handful of real candidates — with concrete examples.
9 min readMay 27, 2026
Wheel strategy taxes: what U.S. retail traders need to know
Every Put premium, every covered Call, every assignment has tax consequences. Here's the plain-English breakdown for U.S. retail traders running the Wheel.
8 min readMay 26, 2026
What is IV rank? How to use it to pick the right stocks for the Wheel
Implied Volatility rank is the single best filter for finding Wheel-friendly stocks. Here's what it means, how to read it, and the IV rank range that actually pays for the Wheel.
7 min readMay 25, 2026
Options Greeks for the Wheel: Delta, Theta, and IV explained in plain English
You don't need to memorize every Greek to run the Wheel strategy. Here are the only three that matter — Delta, Theta, and Implied Volatility — explained without the math PhD.
8 min readMay 23, 2026
The covered Call guide: collecting rent after you've been assigned
Once you get assigned shares from a cash-secured Put, the covered Call is how you keep collecting premium until they get called away. Here's exactly how to do it without locking in a loss.
9 min readMay 23, 2026
How to sell cash-secured Puts: a step-by-step walkthrough
Selling cash-secured Puts is the foundation of the Wheel strategy. Here's exactly how to pick a stock, choose a strike, and place the trade — with realistic numbers.
10 min readMay 23, 2026
What is the Wheel Strategy? A plain-English guide for retail investors
The Wheel is the most popular options income strategy for retail traders. Here's how it works, what it pays, and what can go wrong — without the Greek alphabet.
8 min read