I made a beginner-friendly Wheel strategy calculator while learning the strategy
I built a simple spreadsheet to help newer traders understand the Wheel strategy with cash-secured puts and covered calls.
The goal was to make the math easier to see: premium collected, breakeven, cash required, assignment outcome, covered call exit price, and payoff scenarios.
The part that made the Wheel click for me was time decay. Buying options always made me feel like I was racing the clock. Selling options changes that, but only if you understand the obligation and risk.
I’m not posting this as financial advice or a trade recommendation. I mostly wanted to share the learning tool idea and get feedback from people who understand the strategy better than I do.
What would you add to a beginner Wheel calculator?
u/Key_Scarcity_8833 — 6 hours ago