Preview draft. Not for sale yet. Lesson counts and runtimes are plan targets until the course is recorded.
Complete Program · $997
A full, written process for selling premium on stocks you would be willing to own
The Covered Call and Wheel Playbook puts the decisions in order: stock first, premium second. The Complete Program adds ETF and index wheels, dividends and early assignment, implied volatility and the event calendar, collars, an introduction to the poor man's covered call, portfolio sizing, 20 annotated cycles and a weekly wheel review report.
[Video placeholder] Overview video to record
11modules
37video lessons
~5 hof video (plan target)
8guides, workbooks and templates
$997
One payment · not a subscription · includes everything in the $297 course
Coming soonCheckout is not connected yet. This is a preview draft.
Why this exists
Selling premium is easy to start and easy to do badly. The pain people describe is rarely the option. It is the stock they should never have owned, the position that grew too big, or the roll made to avoid admitting the trade was wrong.
The Complete Program keeps the Playbook's rule that premium is payment for risk, not free money, and extends it to the situations that decide results in practice: assignment, dividends, volatility, several wheels at once and when to stop.
What the $997 version adds to the $297 course
Everything in The Covered Call and Wheel Playbook is included. Then:
ETF and index wheels
How wheeling an ETF differs from a single stock: no earnings gap, different assignment and liquidity considerations.
Dividends, early assignment and taxes
Ex-dividend dates, why early assignment happens, and a plain-language overview of how premium and assignment are reported. Not tax advice.
Implied volatility and the event calendar
Reading IV rank, premium vs. risk, earnings and ex-dividend calendars, and why a high premium is a warning, not a gift.
Collars and protective alternatives
What a collar does to a wheel position, and when protection is worth its cost.
Poor man's covered call introduction
How a long-dated call substitutes for shares, and the extra risks that come with it.
Portfolio view and sizing several wheels
Sizing for the assignment case across several positions, cash reserves and correlation.
20 annotated cycles (up from 6)
Completed historical cycles on real stocks and ETFs with every price labeled verified or estimated, including stop-rule exits.
Weekly Wheel Review Report
26 weekly reports: a worked review of a historical wheel position, the event calendar and an IV context table. It is a study and does not name stocks to trade.
Monthly live cycle review
Six live sessions walking through completed cycles and member-submitted paper plans, recorded for replay.
| $297 course | $997 Complete |
|---|
| Modules | 8 lessons | 11 |
| Video lessons | 8 (about 21 min) | 37 (about 5 hours, plan target) |
| Guides, workbooks and templates | Guide, checklists, cycles document, tracker | 8 downloads |
| Case studies | 6 annotated cycles | 20 Annotated Wheel Cycles |
| Weekly report | None | Weekly Wheel Review Report |
| Live sessions | None | Monthly live cycle review for 6 months |
Module outline
11 modules, 37 video lessons.
Module 1Premium Selling Basics and Real Risks
What you give and what you get.
- Covered calls and cash-secured puts
- What each gives you
- Every real risk you accept
Module 2Choosing Wheel Stocks With Charts
Stock first, premium last.
- Trend and liquidity
- Group strength
- The event calendar
- A written wheel-stock checklist
Module 3Cash-Secured Puts
Strike, size and plan.
- Choosing a strike near support
- Sizing so one assignment cannot sink the account
- Writing the plan first
Module 4Covered Calls
Strike, cycle and seven questions.
- Cost basis
- Strike and cycle
- The three outcomes
- The seven questions before every call
Module 5Managing and Rolling
When the stock does not cooperate.
- When the stock falls
- When it runs away
- When it goes nowhere
- What rolling does and does not fix
Module 6When to Stop the Wheel
Rules for pausing or exiting.
- Written stop rules
- Pause vs. exit
- Reviewing a stopped wheel
Module 7ETF and Index Wheels
A different kind of underlying.
- Why ETFs behave differently
- Liquidity and strikes on ETFs
- Index options and settlement basics
Module 8Dividends, Assignment and Taxes
Mechanics that surprise people.
- Ex-dividend dates and early assignment
- Assignment and exercise step by step
- Reporting basics (overview, not tax advice)
Module 9Volatility and the Event Calendar
Premium is a price for risk.
- IV rank and percentile
- Reading premium vs. risk
- Earnings and ex-dividend calendars
Module 10Collars and Alternatives
Paying for protection.
- The collar
- The poor man's covered call: how it works
- The extra risks of long-dated substitutes
Module 11Portfolio View, Weekly Routine and Capstone
Several wheels, one account.
- Sizing across several wheels
- Cash reserves and correlation
- The weekly 20-minute routine
- Capstone: your written wheel plan
Case studies and live sessions
- 20 Annotated Wheel Cycles (PDF), each with chart, event table and every price labeled by source
- Video walk-throughs of 8 cycles
- 6 monthly live cycle-review sessions with recordings
- Monthly live cycle review for 6 months (recorded for replay)
Guides, workbooks and templates
- Complete Playbook Guide (PDF)
- Wheel Checklists for every module (PDF)
- Annotated Wheel Cycles (PDF), 20 cycles
- Wheel Trade Tracker v2 (spreadsheet): trades, cycles, rolls, cost basis, portfolio view
- Wheel-Stock Checklist (PDF)
- Assignment Plan Sheet (PDF)
- Event and IV Calendar template (spreadsheet)
- Weekly 20-Minute Routine sheet (PDF)
Weekly Wheel Review Report
26 weeks. A worked review of a historical wheel position, the week's event calendar and an IV context table. Study only; no stock picks.
Who it is for
- You own stocks or ETFs, or would be glad to own them, and want a written process for selling premium
- You want to understand assignment, dividends and rolling before they happen
- You want to track cost basis and cycles in a spreadsheet
Who it is not for
- You want stock picks or trade alerts
- You want a promise of results; nobody can give you one
- You are not approved for covered calls or cash-secured puts in your account
What it is not
- Not a signal service and not investment advice
- No promise of results of any kind: no income, win-rate or profit claims
- PET-D and Strategy #4 are not taught here. They are separate paid upgrades.
The risks, stated plainly
A covered call caps upside and leaves full downside. A cash-secured put can leave you owning a stock that keeps falling. Assignment can happen early. Gaps can move a stock past your strike overnight. The cycle documents label every price as verified or estimated; estimates are not what anyone would have been paid, and no success rate should be inferred.
$997
One payment · not a subscription · includes everything in the $297 course
Coming soonCheckout is not connected yet. This is a preview draft.
Questions
How is this different from the $297 Playbook?The Playbook has 8 short lessons and six annotated cycles. The Complete Program adds ETF wheels, dividends and assignment, volatility, collars, an intro to the poor man's covered call, portfolio sizing, 20 cycles, a weekly report and live sessions.Does it pick stocks?No. It teaches a process for evaluating stocks you are willing to own.Do I need option approval?To place option trades you need an options account approved for the strategies. To take the course you do not.
For educational purposes only. Pro Trader Strategies is not an investment advisor or broker-dealer and does not tell you what to buy or sell. Trading involves substantial risk of loss and is not suitable for everyone. All examples are hypothetical or from the past, labeled as such, and are not forecasts or promises. Hypothetical or simulated results have inherent limitations, and past performance is not indicative of future results. No representation is made that any account will or is likely to achieve profits or losses similar to those shown.
We stand behind our work. We offer a 30-day exchange for any other product of equal or lesser value. Details: https://protraderstrategies.com/about-us/return-policy/
Questions: trading@protraderstrategies.com · (310) 598-6677
Pro Trader Strategies, 1611 S Catalina Ave Suite #209, Redondo Beach, CA 90277