Personal Finance
What is the wheel strategy in options?
Quick Answer
The wheel sells cash-secured puts on a stock you want to own; if assigned, you sell covered calls against those shares until called away; then repeat. It generates 15–30% annualized income on stable, liquid stocks.
Warren Team
Updated April 26, 2026
35
Warren Team
Updated April 26, 2026
35
Important Disclaimer:
The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.
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