The wheel, end to end
How the two moves connect into one repeating income loop, and the two ways it goes wrong.
Stop hoping a stock goes up. Get paid to wait for it.
Nickelpie teaches the wheel strategy, selling cash-secured puts and covered calls, in plain English, from scratch. Free guides, free tools, and honest research, including the parts other sites leave out.
Educational content only, not investment advice. Options involve risk and are not suitable for all investors.
Learn how option sellers actually make money
Most people buy a stock and hope. Sellers collect cash up front for taking on an obligation they were happy to take anyway. Here is the whole idea, or take it as a free seven-lesson course.
Selling cash-secured puts
Getting paid to agree to buy a stock at a price you already wanted.
Selling covered calls
Getting paid while you hold shares, and the trade-off nobody mentions.
How much to start
The honest answer to what it really takes to run the wheel.
Free financial calculators
No signup, nothing linked, nothing saved. Run the numbers on the money decisions that actually matter.
Compound InterestWatch your money grow, and see when interest overtakes contributions.FIRE CalculatorFind your financial-independence number and the year you could reach it.Wheel Strategy CalculatorPremium yield, annualized return, and breakeven on a put or call.Debt PayoffSnowball vs avalanche, your fastest, cheapest path out of debt.Retirement CalculatorProject your nest egg and the income it could provide.Net WorthAssets minus debts, a clear snapshot of where you stand.
See all free tools →Wheel research
Live data · July 17, 2026Plain-English research on real, liquid, affordable stocks that fit the wheel, support levels, candidate put strikes, and honest risks. Educational analysis, not advice.
Ford Motor CompanyF $14.34At ~$14 with a $10.68-$17.78 range, Ford is one of the most affordable liquid wheel candidates, ~$1,400 per contract.AT&TT $22.29A ~5.2% dividend and a steady $19.89-$29.79 range make AT&T a classic income-oriented wheel name at ~$2,200 per contract.PfizerPFE $25.37Near the low end of a tight $23.11-$28.75 range with a ~6.9% dividend, a defensive wheel candidate at ~$2,500 per contract.
See all research →Independent broker research
Where you trade decides what the wheel costs you. We compare brokers on the things that actually matter for selling options, contract fees, options approval levels, and assignment handling, and we disclose our referral relationships plainly.
Best broker for selling covered calls
What to look for in a broker if you are running the wheel, and how the popular choices compare on the fees and features that matter.