About Wheel Folio

Like a lot of physicians, I reached a stage where I wanted my income to come from more than one place. Medicine pays, but it pays for hours, and there's a hard ceiling on how many of those a person has.

Most of what I found first was the make-money-quickly material. Day trading, flipping, various programs promising a second income for a few hours a week. I looked at them seriously enough to work out the real problem with them: they were enormously time-consuming, and they wanted my full attention during exactly the hours I'm responsible for other people's health.

I can be a good doctor or a full-time trader. Not both. And the choice wasn't close.

What kept pulling me back to options was that some strategies don't require constant attention. They run on a monthly cadence. You make a decision, you write it down, and you don't touch it again for weeks. That's a schedule a working professional can actually keep.

So I read. Books on cash-secured puts, covered calls, LEAPS — and eventually the strategy that ties them together, the wheel: sell a put on a stock you'd be happy to own, take the shares if it falls, sell calls against them until they're taken away, then start over.

It isn't exciting. It's slow, the upside is capped, and the whole thing trades big gains for steady ones. That was the appeal. I wasn't looking for excitement — I was looking for something I could run in the evenings without it leaking into my day.

Here's the part most sites my size leave out. I'm fairly new at this.

I've read a great deal and I put what I've read into practice with my own money, but reading isn't the same thing as a decade of scars, and I'm not going to dress it up as one. If you came here for a veteran trader's war stories, I'm not him.

What I can tell you is that everything on this site is what I actually do. The strategies in the guides are the ones I run. The screening criteria in the app are the ones I use to pick my own positions. There's no separate, better system held back for a paid tier.

Medical training gives me no special insight into markets. None.

Anyone telling you their unrelated credential makes them a better investor is selling something, and you should treat that as the warning it is.

What it did give me is one transferable habit: I was trained to distrust anecdote and go to the primary source. That turned out to matter more than I expected, because the options world runs on anecdote. Screenshots of good months. Annualised returns extrapolated from one lucky trade. Confident people explaining strategies without once mentioning what happens when they fail.

So the guides here are written the way I'd want a drug information sheet written. What it does, how it works, what it costs, and — prominently, not buried — the specific ways it hurts you. Every strategy article on this site has a section on how that strategy loses money, because a description that omits the failure mode isn't a description.

This started as a spreadsheet for me.

I was using other trackers and calculators, and none of them were accurate enough for what I needed. Cost basis that didn't follow through an assignment properly. Returns that didn't annualise the way I'd calculate them by hand. Nothing that understood a wheel cycle as one continuous thing rather than a pile of unrelated trades.

I also screen candidates against a specific set of criteria before I sell a put on anything, and I was doing it by hand, ticker by ticker, in the evenings. That's the part that became the Wheel Score — the same checks, applied consistently, in a second.

The spreadsheet became an app because I got tired of the spreadsheet. The app became a website because it turned out other people had the same problem: a demanding job, an interest in this strategy, and no good way to keep track of where they actually stood.

It isn't advice. I don't know your finances, your risk tolerance, or your tax situation, and nothing here is tailored to you.

It's a tracker and a set of explanations, written by someone learning this alongside you and trying to be honest about it. What you do with your money is yours to decide — ideally with a professional actually qualified to advise you, which I am not. The Terms of Service spell this out properly.

I read everything, and if something here is wrong I'd genuinely like to know.