Supercharge Your Income With Automation

Selling Stock Options Has Never Been So Easy

and the Wheel Strategy is the tried and true option strategy that flows with the market through all of the ups and downs.

Start by selling put options and then when you're assigned, you buy 100 shares at the strike price of the put option. What do you do? Panic? No. You sell call options. For every 100 shares you're assigned you can sell one covered call.

And then when your shares are called away, what do you do? Complain that you didn't ride the whole wave up? No. You sell put options.

Fear Not. Hope Not.

But no matter how much you understand and agree with the strategy, human emotions will derail it every time. I learned this from Tom Hougard's book: Best Loser Wins. In that book he explains very well how our emotions of Fear and Hope will crush our dreams in the markets.

If you haven't read the book, you should.

There's another way to deal with your emotions.

Automate your strategy.

That's what Tiblio's Trade Desk helps you do. With it, you can automate every part of the Wheel Strategy, Covered Call strategy, or Share Accumulation through Put Writing Strategy. Basically every income strategy involving stock options.

Integrated With Top Brokerages

Transform Your Trading

You configure every aspect of your option income strategy including:

1. Which equities or ETFs you sell options on
2. Allocations of each
3. Select put options, call options or both
4. Select the approximate Days to Expiration
5. Select the approximate Deltas of the options to sell
6. Set strike limits
7. Choose whether or not to avoid earnings and dividend dates
8. Set your scaling rules, how much of the position can be sold in a given trade, day or week
9. Notification settings

Works Best in Accounts With Over $25k

Let me be clear, this is not day trading and when you operate the Wheel Strategy, even with short durations of say 2 weeks, it is extremely rare that you open and close a position in the same day.

However, even though it shouldn't trigger PDT, Tiblio's Trade Desk really shines when you have a lot of positions open as they become more and more difficult for you to manage manually.

Imagine having 20, 30 or even 50 open positions at one time. You can't do all of the calculations required to figure out:

1. Which positions do I need to sell another put option on?
2. Is it even time to sell that option? Did I sell one yesterday?
3. Which positions should be closed for profit?
4. Which positions are expiring this week that I need to pay attention to?
5. Are there any options expiring today that are in the money but profitable?
6. What's my adjusted cost basis?
7. Which strike should I choose for the option? Which chain?
8. Is earnings coming up?

And when it really really helps...when it is time to sell that covered call option. Trade Desk doesn't flinch. It will not whisper to itself that maybe the stock price will go up, just wait to sell that call. No. It will just sell the option and stick to the plan and bring in more premium.