Wheel Strategy Tools & Calculators
Free calculators for every step of the wheel — no signup required.
Each calculator answers one question you hit while running the wheel: how much cash a put ties up, whether a contract is liquid enough to trade, what a covered call can actually make you. They run entirely in your browser — nothing you type is sent anywhere.
- Premium Yield CalculatorTurn a premium into a yield you can compare across strikes and expirations.
- CSP Cash CalculatorHow much cash gets locked up when you sell a put.
- Assignment Probability CalculatorRead delta as a rough odds of being assigned.
- IV Rank CalculatorFind out where today's implied volatility sits in its yearly range.
- Theta Decay CalculatorSee what time decay is worth to you per day.
- Wheel Capital CalculatorHow much capital it takes to run the wheel on a given stock.
- Covered Call Max Profit CalculatorWhat a covered call makes if the shares get called away.
- Options Liquidity CheckerCheck whether a contract is actually tradable before you sell it.
- Wheel Position Size CalculatorHow many contracts fit inside your risk budget.
- Wheel Expectancy CalculatorWhat one wheel cycle is worth on average, given your own numbers.
Stop doing this by hand
Wheel Income screens live option chains for cash-secured puts and covered calls, then tracks every cycle from assignment through called away.
Try the screenerFor information and educational purposes only. Not investment advice. Options carry risk, including loss of the entire position.