Last updated October 2, 2026
Risk disclosure
Not investment advice. Options involve risk and are not suitable for every investor.
Options are risky
Selling options can lose more than the premium you collect. A cash-secured put can leave you owning shares worth far less than the strike. A covered call caps your upside and does not protect you from a fall in the stock.
Read the ODD
Before trading options, read the OCC's Characteristics and Risks of Standardized Options, available from your broker or at theocc.com.
Rule-based setups only
Wheelhouse Trader shows which contracts pass the rules you set. It does not know your full financial situation and does not recommend any trade. Rule-based setup from your own filters in Wheelhouse Trader. Not a recommendation.
No promised results
Sample accounts and backtests are illustrative, not a track record. Past results, real or backtested, do not predict future ones.
Data can be wrong
Quotes may be delayed or missing. Check prices with your broker before placing any order.