I use the options wheel as a way to generate extra income during early retirement and as a way for me to stay engaged in the markets. It’s a way to collect consistent option premiums and is one of my favorite passive income methods from trading stocks.Īs any option trading strategy carries with it risks, I think the option wheel has one of the lower risk profiles in the options universe. The Option Wheel Strategy is a systematic and very powerful way to sell cash secured puts and covered calls as part of a long-term trading strategy. Options Wheel Strategy: Ultimate Passive Income Generator.How To Pay 0% in Taxes: Step by Step Guide.Financial Independence (FIRE): How To Retire Early.How Travel Hacking Affects Your Credit Score.How I Travel The World And Fly For Free.The Ultimate Guide To Travel Hacking & Credit Cards.