FOUR-WEEK LIVE COURSE
From the first trade to weekly income: The Wheel strategy
Course start: Tuesday, June 16, 2026, at 12 noon EST
Collecting rent on stocks
A four-part course about the Wheel strategy
What if you thought about your stocks the same way a real estate investor thinks about rental property?
Real estate investors generate income by collecting rent on properties they own. The Wheel Strategy applies a similar concept to investing by using options to potentially generate premium income from stocks you would already be comfortable owning.
This beginner-friendly 4-week workshop introduces a conservative, rules-based framework for generating option premiums using cash-secured puts and covered calls.
Built from nearly 10,000 real-world option transactions, the course focuses on practical execution, disciplined stock selection, and risk awareness — not hype or speculation.
Paul Gundersen
is a seasoned options trader who has executed more than 10,000 Wheel trades over the past five years. With a background in the software industry and experience as a financial coach, he focuses on steady, repeatable income from options selling. He lives in Pennsylvania, USA.
Session 1: Understanding the Wheel
Tuesday, June 16, 2026 at 12 noon EST
Learn the foundations of The Wheel Strategy and how conservative investors use it to potentially generate additional income.
Goal: Build a clear understanding of how The Wheel works.
- What is The Wheel?
- Cash Secured Puts (CSPs)
- Covered Calls (CCs)
- The “leasing a property” analogy
- Understanding strikes and expiration dates
- What happens when stock prices move above or below your strike?
- Introduction to Stocks I’d Like To Own (SILTO)
Session 2: Building your stock list and placing your first trade
Thursday, June 18, 2026 at 12 noon EST
Before placing trades, experienced Wheel traders focus on quality companies and disciplined stock selection.
Goal: Learn how to identify and evaluate quality Wheel candidates.
- Creating a SILTO (Stocks I’d Like To Own) watchlist
- Why fundamentals matter
- Selecting quality companies
- Understanding option chains
- Choosing strike prices and expiration dates
- Placing your first Cash Secured Put
Session 3: Managing trades and monitoring results
Tuesday, June 23, 2026 at 12 noon EST
The real learning begins after a trade is placed.
Goal: Understand how to manage Wheel trades in real-world situations.
- Monitoring open positions
- What happens if the stock rises?
- What happens if the stock falls?
- Understanding assignment
- Introduction to rolling
- Can rolling improve outcomes?
- Risks and tradeoffs of rolling
- Emotional discipline and decision making
Session 4: Advanced concepts and next steps
Thursday, June 25, 2026 at 12 noon EST
Goal: Develop a stronger framework for evaluating and managing Wheel trades responsibly.
- The Three Ls – Liquidity, Liquidity, Liquidity
- Bid-to-Ask spreads
- Volume tiers
- Why liquidity matters
- Common beginner mistakes
- Building a repeatable process
- Resources and next steps