How Njord Options Works
Get up and running in 4 simple steps
Create Your Free Account
Sign up in seconds. No credit card required, no hidden fees, no trial period. It's free forever.
Just enter your email and password. You'll have instant access to create your first portfolio.
Set Up Your Portfolio
Create a portfolio for your wheel strategy trades. Give it a name and you're ready to start tracking.
You can create multiple portfolios to separate different accounts, strategies, or time periods.
Import or Add Your Trades
Import your complete trading history from Robinhood CSV, or manually add your positions and trades.
The Robinhood importer automatically processes all your options trades, assignments, and stock transactions using FIFO lot matching.
Track & Analyze Performance
Monitor your positions in real-time. See premium income, P/L, and performance metrics at a glance.
Update stock prices anytime to see current unrealized gains. Use analytics to identify your best performers and optimize your strategy.
What is the Wheel Strategy?
The wheel strategy is a popular options trading strategy that generates income through selling options and potentially owning stocks you like.
It works in a cycle (hence 'wheel'):
- 1 Sell cash-secured puts on stocks you'd like to own
- 2 Collect premium. If not assigned, repeat.
- 3 If assigned, you now own the stock at your chosen price
- 4 Sell covered calls on those shares
- 5 Collect premium. If called away, profit from shares + premium
- 6 Repeat the cycle
Njord Options makes it easy to track every step of this strategy.
Ready to Start Tracking?
Join free and see your wheel strategy performance clearly
Create Free Account