Estimate what the wheel would generate on your account. Honest math, no hype.
Reality check: this is a modeling tool, not a guarantee. Real wheel returns vary widely based on stock selection, market conditions, and discipline. Some months you'll beat these numbers. Some months you'll be paper-underwater on assigned shares. The estimate below assumes disciplined execution on quality names — everything you'll learn in the free Starter Kit.
Not financial advice. This calculator provides educational estimates only. It does not guarantee any returns, does not account for individual tax situations, and does not constitute personalized investment advice. Real trading involves substantial risk, and you can lose money. Past performance doesn't predict future results. Always consult a licensed professional and see our full disclaimer.
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The calculator estimates monthly premium yield based on option delta, DTE, and a base premium rate for the ticker profile you selected. It then models the wheel's compound effect over 12 months, factoring in assignment cycles that lock capital in shares while you sell covered calls to reduce cost basis.
Assumptions baked in:
Base put premium ≈ 0.7% / 1.1% / 1.6% of collateral per 30 days for low / mid / high IV names
DTE scales premium sub-linearly (square-root-ish): shorter DTE = smaller absolute premium but more turnover
Assignment cycles reduce annualized yield by ~25% (capital locked in shares generating call premium instead of full cash-secured puts)
Deployed capital = account minus cushion
What it doesn't model: drawdown years (where premium is offset by paper losses on assigned shares that eventually recover), tax drag, transaction costs, dividends. Real net returns will differ up or down.