SpokeOptions Wheel AssistantLearn about options.
Everything you need to understand the wheel strategy. Play through scenarios or read the plain-English articles. Free, no signup.
Interactive
Hands-on scenarios that put you in the middle of the decisions wheel traders actually face.
Articles
Plain-English guides on the strategy Spoke was built for. Every article pairs with the free calculators so you can run the numbers on your own trade as you read.
How Covered-Call Premium Actually Reduces Your Cost Basis (The Wheel Trader's Real Breakeven)
Sep 22, 2026 · 7 min read
Every covered call you close against a lot drops what those shares actually cost you. That adjusted number is the one that decides your next strike, your realized P/L, and whether a called-away price is a win or a loss.
Can You Get Assigned After Hours? (Yes. Here's How It Actually Happens.)
Sep 10, 2026 · 6 min read
Assignment can hit after the 4pm close, even on a strike that was out of the money at the bell. What causes it, when it's most likely, and how wheel traders should think about it.
The Wheel Strategy Explained (For People Who Actually Want to Trade It)
Aug 28, 2026 · 8 min read
A plain-English walkthrough of the wheel: cash-secured puts, assignment, covered calls, and how one cycle actually generates income over time.
Spoke is a free iOS app that tracks the real positions you take. Log a CSP, watch the wheel cycle play out, and keep your cost basis tied to the share lot automatically.