Harvest premium through option selling.
AlphaWatch is the iOS companion for options traders running the wheel and swing strategies — ranked trade ideas, portfolio tracking, and performance analytics, built for 10–15 minutes a day.
iOS · Wheel & swing strategies · Free to download, Premium for the full picture
The wheel turns cash into stock into more cash.
A systematic way to generate income by selling options on stocks you want to own. Instead of predicting direction, you use time and probability to your advantage.
Sell Put
Choose a strike you are happy to own, on a stock you believe in.
Collect Premium
Get paid upfront when you sell the put. Keep it no matter what.
Own Shares if Assigned
If the stock falls below your strike, you buy the shares at a discount.
Sell Covered Call
Sell calls against your shares for more premium until they're called away.
Then the wheel turns again — each cycle generates premium while you wait.
See how a wheel cycle plays out.
A simplified example of one put-selling cycle on a $100 stock.
Outcome A
Stock stays above $95
- You keep the $200 premium
- The put expires worthless
- You sell another put — the easy path
Outcome B
Stock drops below $95
- Assigned: buy 100 shares at $95
- Effective cost $93 after the $2 premium
- Sell a $105 call, collect $1.50 more
Simplified example for illustration only. Real results depend on price movement, timing, fees, taxes, and assignment. Options involve risk and are not suitable for all investors — you can lose money. Nothing here is investment advice.
Everything the wheel trader needs.
Curated trade ideas, market context, sentiment signals, and risk notes — in one place, on your phone.
Portfolio Dashboard
Active, pending, and closed positions with daily P&L and market regime context — bearish, neutral, or bullish at a glance.
Ranked Trade Ideas
Every idea ships with the full setup: exact strike, premium target, exit plan, risk notes, and a management plan.
Performance Analytics
Closed-trade results by strategy: realized P&L, win rate, average hold, and monthly breakdown for wheel and swing.
Built-in Education
Wheel basics, golden rules, worked examples, and an interactive returns modeler — education built in, not bolted on.
Golden rules, non-negotiable.
Following them consistently is the difference between consistent income and losing capital. AlphaWatch bakes them into every idea.
- Quality only. Trade high-conviction companies you don't mind owning long term.
- Write on red days. Wait for down days to collect better premiums.
- Respect the trend. Long-term uptrend or range only.
- Avoid earnings week. No unpredictable swings.
- Strikes at support. Pick prices where the stock usually bounces.
- Within the expected move. Target 0.5–0.75% weekly; close at 90% of max profit.
The goal is consistent weekly income, not home runs — small, repeatable wins compound over time.