The Wheel Strategy Journal

Real trades. Real numbers.
No theory.

A programmer documents running a covered call income business — week by week, with actual P&L.

Latest posts — 3 articles

Making Your First Dollars: A Beginner's Guide to Options Income

A complete roadmap for generating your first $100 week — from opening your brokerage account to selling covered calls, reading the options chain with delta as your guide, and tracking every dollar with Premium Tracker.

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The Wheel Strategy Isn't Riskless. Here's What I've Learned the Hard Way.

Falling stocks, missed upside, assignment anxiety, and the earnings trap I walked right into this week. The uncomfortable side of the wheel strategy — documented publicly.

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I Started a Business for Under $5,000. It Makes Money While I'm Living My Life.

I'm a computer programmer watching AI reshape my industry. So I built a small business selling covered calls — $6,800 deployed, $367 collected so far, targeting $200/week. Here's the honest week-by-week story.

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