Learning-Focused Trading
Wheel Strategy

Trade smarter.
Wheel smarter.

OptionScout helps you find the best stocks for the Wheel Strategy with smart screening and hands-on learning. Bridge the gap between theory and real-world implementation.

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Core Features

Everything you need to master the Wheel

From intelligent screening to guided position management, OptionScout provides the tools and knowledge to pursue consistent income through options.

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Smart Stock Screening
Our intelligent filters identify stocks with the right balance of premium income potential and assignment risk, tailored specifically for Wheel Strategy success.
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Interactive Learning
Practice identifying suitable candidates, evaluating strike prices and expiration dates, and understanding risk management — all in a risk-free simulated environment.
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Structured Wheel Process
Follow the cyclical Wheel Strategy step-by-step: sell cash-secured puts, manage assignments, and sell covered calls — with guided prompts at each stage.
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Risk Management Tools
Understand position sizing, assignment exposure, and exit strategies before committing capital. Build confidence with every trade through systematic analysis.
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Try the Paper Simulator
Walk through the full Wheel cycle — sell a cash-secured put, take assignment, sell a covered call, then close. Runs in your browser, no signup.
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The Wheel Process

Four steps to consistent premium income

The Wheel Strategy is a cyclical process. OptionScout guides you through each stage, so you always know what to do next.

01

Screen & Select

Use intelligent filters to find stocks with healthy premiums, manageable assignment risk, and favorable volatility profiles.

02

Sell Cash-Secured Puts

Sell put options at strike prices you are comfortable owning shares at, collecting premium upfront.

03

Manage Assignment

If assigned, your shares enter a covered call position. If not, you keep the premium and repeat the cycle.

04

Sell Covered Calls

Sell call options against your shares to generate additional income, working toward your target exit price.

Your Wheel Progress
Learning in progress
Overall Progress65%
Step complete checkmark
Screen & Select
Step complete checkmark
Sell Cash-Secured Puts
Manage Assignment
Sell Covered Calls

Ready to find your Wheel Strategy stocks?

Start screening stocks, learning the process, and building your confidence — all in one place. No credit card required.

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Common Questions

Frequently asked questions