CRX id
mbefllikbmmgpjnjmaknoicgcalhbdem
mbefllikbmmgpjnjmaknoicgcalhbdem
Description from extension meta
A simple wheel strategy profit calculator
Image from store
Description from store
🚀 Wheel Strategy Profit Calculator for Option Trading📈
Easily calculate potential profits for Covered Calls & Cash-Secured Puts before placing a trade! 💰
It works as a simple popup that allows you to input key trade details and instantly see potential profits or losses.
✨ Features:
✅ Net Outcome if Exercised – See your final profit when assigned.
✅ Net Outcome if Not Exercised – Know your gains if the option expires worthless.
✅ Net Outcome from Early Buyback – Calculate potential profit when closing early.
📊 Make smarter trades with clear profit insights! 🔥
The Wheel Strategy consists of selling cash-covered puts and covered calls to generate income while potentially acquiring and selling stock.
- Cash-Covered Puts (CCP) 💰📉 – You start by selling a put option on a stock you’d be willing to own. If the stock stays above the strike price, you keep the premium as profit. If it drops below, you buy the stock at the strike price using the cash you set aside.
- Covered Calls (CC) 📈📊 – Once you own the stock, you sell call options against it. If the stock stays below the strike price, you keep both the stock and the premium. If it rises above, your shares may be sold at the strike price, locking in a profit.
This cycle can be repeated 🔁 to continuously generate income while managing risk!