Get paid to be
willing to buy.
Get paid to be
willing to sell.
An introduction and a complete guide to the Wheel Strategy, from someone who's been trading it since 2010. Through the wins, the losses, and the patience in between.
Getting Paid To Wait
A Beginner's Introduction to the Wheel Strategy
The short version. Covers what the Wheel is, how Cash Secured Puts and Covered Calls actually work, and why getting paid to be willing to buy a stock is different from gambling on one. A clean read in an evening.
USD $5
The Wheel Strategy
A Complete Guide to Consistent Income Through Options Trading
Roughly two and a half times the length of the introduction. Strike selection, position sizing, what to do when a trade goes against you, how to think about assignment, and the mindset that holds it all together.
Coming Soon. USD $25
About Stephen
I started trading options in 2010. A friend mentioned a paid options course she was doing, so I signed up. Until that conversation, I didn't really know options existed. Shares hadn't worked for me. I'd tried holding them long-term and I'd tried trading them, and neither had given me what I was looking for: something that could provide extra income.
The course was good. It was also expensive, and it didn't quite answer the question I kept coming back to: how do you actually generate income from this, consistently, without taking on the kind of risk that wipes out a year of gains in a bad week? That search took me through several approaches before I settled on the Wheel: Cash-Secured Puts and Covered Calls, run as a system rather than a series of bets. That's the approach I've used since, and the approach these books describe.
My day job is engineering. Fire protection systems, mostly 3D modelling of sprinkler designs. It's a discipline that rewards structure and process: get the rules right, follow them, don't improvise when you don't have to. That mindset shapes how I trade and how I write about trading. The Wheel works because it's a system. Both books are built the same way: clear rules, explained simply, with the reasoning behind each one.
I live in the Northern Rivers of New South Wales, where the beaches and the bush make it easy to step away from the screens. I also co-founded Poptions, a web platform that helps traders implement the Wheel Strategy. The books and Poptions are separate ventures, and you can use the books without any Poptions subscription.