Options income, explained simply
Learning the wheel together, one trade at a time.
A community for people with day jobs who want to understand selling cash-secured puts and covered calls in plain English. Real trades, wins and losses, shared openly.
Educational content only. Not financial advice.
How the wheel works
1
Sell a cash-secured put
Get paid a premium for agreeing to buy a stock you like at a set price.
2
Get assigned (or not)
If it expires, keep the premium and repeat. If assigned, you own 100 shares.
3
Sell a covered call
Collect premium on the shares you own while you wait.
4
Shares called away
Sell at the strike, then start the cycle over.
Every step carries risk. A stock can fall well below your strike.
What's inside the club
No hype, no signals to blindly copy. Just a group of people learning how options income actually works.
Weekly trade breakdowns
What I traded, why I picked that strike, and what I'd do differently.
A real, open wheel log
Every trade logged, including the ones that went against me.
Plain-English lessons
Assignment, rolling, picking strikes, managing risk. Explained without the jargon.
A community that helps
Ask questions, share your trades, and learn from each other on Discord.
Free download
The Wheel Trade Tracker
The simple spreadsheet I use to track premium collected, cost basis, and assignments.
Learn the basics
All lessons →Wheel 101: five free lessons in plain English. Start with part 1.
WHEEL 101 · PART 1
What the wheel strategy is
The wheel strategy in plain English: get paid to agree to buy stocks you like, then get paid to agree to sell them.
WHEEL 101 · PART 2
Step 1: Selling a cash-secured put
What a cash-secured put is, how premium works, and what happens if you get assigned, with a simple example.
WHEEL 101 · PART 3
Step 2: Selling a covered call
How a covered call works once you own 100 shares, and how one full trip around the wheel adds up.
WHEEL 101 · PART 4
A real trip around the wheel, and my rules
A real wheel cycle from my account (META), a trade that went against me (MCD), and the five rules I follow.
WHEEL 101 · PART 5
Words to know and beginner mistakes
Strike, expiration, premium, assignment, DTE and delta explained simply, plus the most common beginner mistakes.
Hi, I'm Yosef.
I work a regular job and have been trading options for a little over a year. I'm not a guru, and I'm still learning. I started this club because learning alongside other people is faster, and a lot more fun, than doing it alone.
Follow along on X at @wheelwithyosef.
Join the Last Shift Options Club
Every plan includes Discord access, the full wheel log, weekly breakdowns, and every lesson. Cancel anytime through Whop.
Founding Member · First 50 only
$19 /month
3 months free, then $19/month locked in for life. Card required to start.
Claim a founding spotShifter Annual
$290 /year
Full membership for a year. Two months free compared to monthly.
Join annuallyQuestions
Do I need options experience?
No. We start from the basics and explain everything in plain language.
Is this financial advice or trade signals?
No. It's education and shared experience. You make your own decisions with your own money.
How much money do I need to start?
A cash-secured put needs enough cash to buy 100 shares at the strike. We cover ways to start small, including paper trading.