How Njord Options Works

Your complete Wheel workflow, up and running in minutes

1

Create Your Free Account

Sign up in seconds. No credit card required. Start with the free tier and upgrade only when premium workflows matter.

Just enter your email and password. You'll have instant access to create your first portfolio and log your first trades.

2

Set Up Your Portfolio

Create a portfolio for your Wheel trades. Set your capital, name it, and start building your workflow.

You can create multiple portfolios to separate different accounts, strategies, or time periods.

3

Import or Log Your Trades

Import your complete trading history from Robinhood CSV, sync with Alpaca, or manually log positions and trades.

The importer automatically processes all your options trades, assignments, and stock transactions. FIFO lot matching and cost basis adjustments happen instantly.

4

Decide, Optimize, Repeat

Monitor expiring contracts, review assignment risk, and measure weekly premium against your 1% per week goal.

Use compound return tracking, roll quality analysis, and win rate streaks to tighten your edge over time.

What is the Wheel Strategy?

The Wheel is a systematic options income strategy: sell puts on stocks you want to own, collect premium, manage assignments, sell calls, and repeat.

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 manages every step of this workflow -- from screening candidates to measuring your compound returns.