> ## Documentation Index > Fetch the complete documentation index at: https://docs.bigdipperoptions.com/llms.txt > Use this file to discover all available pages before exploring further. # Wheel Page Guide > How to use the Wheel — Cash-Secured Puts page: purpose of each view, filters, scatter, tables, and how wheel traders use them. The **Wheel** page is where you **compare** cash-secured put (CSP) candidates on BigDipperOptions. It does **not** place trades—you narrow to one (or zero) ideas, then confirm **live underlying and option premium** at your broker. Use this guide alongside the **Learn** wheel track: screening rules in [Module 2](/learn/wheel-module-2-candidates), reject drill and checklist in [Module 3](/learn/wheel-module-3-execution), lifecycle in [Module 4](/learn/wheel-module-4-lifecycle). **Prices on charts are 15-minute delayed** and fetched regularly. Confirm live underlying and option prices at your broker before trading. See [Delayed Data Disclaimer](/learn/delayed-data-disclaimer). *** ## What this page is for | Question the page helps answer | Where on the page | | - | - | | “Among names I’d own, which puts offer the **best return for the assignment risk** I accept?” | ROC vs assignment risk scatter | | “What are the **exact strikes, credits, and capital** for my shortlist?” | All CSP candidates table | | “After assignment, where might I **sell covered calls** with structure context?” | All Covered calls table | The page is built for **comparison and rejection**—not for picking the highest ROC dot and trading it blindly. Your [Module 2](/learn/wheel-module-2-candidates) ownability and liquidity rules still gate every decision. *** ## Open the page 1. Log in at [bigdipperoptions.com](https://bigdipperoptions.com). 2. From the top menu, open **Charts** → **Wheel — Cash-Secured Puts** (wording may vary slightly in the app). 3. You land on the page title **Wheel — Cash-Secured Puts**. For login and the **Options Chain Report**, see [Using BigDipperOptions](/learn/using-bigdipperoptions) and [Navigation tips](/dashboard/navigation-tips). *** ## Full page overview Full Wheel page showing scatter chart, CSP candidates table, and Covered Calls table

Full Wheel page showing scatter chart, CSP candidates table, and Covered Calls table

| Block | Purpose | Typical usage in a wheel session | | - | - | - | | **Select symbols…** (header) | Limit **which tickers** appear on the page | Pick your Module 2 watchlist before touching chart filters | | **Scatter Filter** (funnel on chart) | Narrow **which contracts** show as dots and table rows | Set DTE, cash, ROC, assignment risk, premium, score bands | | **Scatter view toggles** | Change **how** you read the chart (not what data exists) | Ann./Period ROC, Frontier layers, risk zones, labels | | **ROC vs assignment risk** | See **efficiency trade-offs** across many candidates at once | Reject dominated dots; pick 2–3 frontier finalists to drill into | | **All CSP candidates** | **Verify numbers** (credit, cash, delta, spread, OI) for finalists | Sort, pin columns, compare side by side before broker quote check | | **All Covered calls** | **Plan Phase B** after you hold shares | Use after assignment or when pre-planning “if I get assigned here…” | **Suggested order:** **Select symbols** → **scatter Filter** → frontier view → **hover** tooltips → **click** side panel (reject symbols) → **CSP table** → broker. *** ## Page header

### Purpose Orient you on **which wheel phase** you are in (CSP / Phase A), **how fresh** the data is, and **which symbols** are in scope. ### Potential usage | Element | Use it when… | | - | - | | **Wheel — Cash-Secured Puts** | You are researching **new short puts**—not managing an existing covered call (see Covered calls table for Phase B). | | **Updated timestamp** | You need to know if delayed data is stale before comparing to a **live broker quote**. Re-check after long breaks. | | **Select symbols…** | You have a **watchlist** from Module 2 (e.g. 5–15 ownable names) and want the page focused on those—not the full market. | | **View symbols details** | You want quick context on selected tickers before opening the chain report. | | **Clear filters** | You changed policy mid-session and need to reset scatter Filter conditions | *** ## Filtering the Wheel page Open **Filter** on the scatter chart (funnel icon). Conditions apply to **both** dots and the CSP table. Scope tickers first in **Select symbols…**, then stack chart filters. Wheel scatter chart Filter menu showing Symbol, DTE, Cash, Assignment risk, Period ROC, Annualized ROC, Premium, and Score

Wheel scatter chart Filter menu showing Symbol, DTE, Cash, Assignment risk, Period ROC, Annualized ROC, Premium, and Score

Each example below is a filter stack you can type into the menu. **Search** inside Filter jumps to a field when you add several at once. **Start here:** [Conservative income (full stack)](#conservative-income-full-stack) — then adjust one field at a time. ### Scope the universe (header) You already passed [Module 2](/learn/wheel-module-2-candidates) ownability—don't let a high-ROC dot on a bad name tempt you. ```text theme={null} Select symbols… → AAPL, MSFT, KO, PEP, JNJ ``` **Result:** Scatter and table only show your watchlist. Everything else is out of scope before you touch Filter. *** ### Weekly wheel — only short-dated puts You want to manage every Friday, not babysit a 45 DTE line for a month. ```text theme={null} DTE → 7 – 14 ``` **Result:** Dots cluster for near-term expiries; long-dated "set and forget" ideas disappear. *** ### Cap collateral per contract Your rule: no single CSP above \$8,500 cash at risk (e.g. \~10% of an \$85k wheel sleeve). ```text theme={null} Cash → ≤ 8,500 ``` **Result:** High-strike / high-notional names drop out even if ROC looks attractive. *** ### Stay left on assignment risk You prefer premium income, not surprise share delivery. ```text theme={null} Assignment risk → ≤ 22% ``` Turn on **Risk zones** on the chart. Dots should sit in the green band; orange/pink zones are for names you **want** to own at strike. *** ### Floor return for *this* expiry (Period ROC) You won't sell a 21 DTE put for less than 1% on cash for the cycle. ```text theme={null} Period ROC → ≥ 1.0% ``` Set the chart Y-axis to **Period ROC** so the visual matches the filter. *** ### Compare different DTEs (Annualized ROC) You're mixing 10 DTE and 35 DTE dots and need a common yardstick. ```text theme={null} Annualized ROC → ≥ 20% ``` Set the chart Y-axis to **Ann. ROC**. A 0.8% week can beat a 1.2% month on an annualized basis—or not; the filter surfaces that. *** ### Skip credits eaten by spread and fees \$45 premium on a wide name isn't worth the ticket. ```text theme={null} Premium → ≥ 180 ``` **Result:** Small-dollar dots vanish; what remains is worth opening the broker quote. *** ### Tie-break among frontier dots (Score) Two L1 frontier puts look similar on ROC and risk. ```text theme={null} Score → < 2 ``` Use **Frontier** + **Label frontier** first, then add Score. Score is a **decimal**—see [What is Score?](/introduction/what-is-score#score-scale) for scale, bands, and heatmap examples. Then confirm **live IV and quotes at your broker** before you trade. *** ### Head-to-head: two finalists You've scanned the cloud; only AAPL and MSFT remain ownable. ```text theme={null} Symbol → AAPL, MSFT DTE → 28 – 35 Assignment risk → ≤ 28% Period ROC → ≥ 0.9% ``` **Result:** A tight compare set—pick one row in the CSP table, reject the other. *** ### Conservative income (full stack) Typical "monthly wheel, don't get assigned casually" session: ```text theme={null} Select symbols… → (your Module 2 list) DTE → 21 – 45 Cash → ≤ your per-ticker cap Assignment risk → ≤ 25% Period ROC → ≥ 1.0% Premium → ≥ 150 ``` Then: **Frontier** → **Label frontier** → CSP table → sort **Spread %**, **OI**, **Delta** → broker. Zero dots after filtering is a valid outcome. Widen Module 2 or wait—don't loosen **Assignment risk** or **Cash** just to force a trade. ### Chart toggles (not filters) These change how you **read** the same filtered data: | Toggle | Pair with | | - | - | | **Ann. ROC / Period ROC** | Matching ROC filter above | | **Frontier** / **Dominated** | Shortlist before opening the table | | **Risk zones** | **Assignment risk** filter | | **Label frontier** | Final 2–3 symbols | The CSP table **Filter** button narrows rows after you pick a dot—use it when the side panel helped you reject a symbol but you still want to compare other strikes in the table. *** ## ROC vs assignment risk (scatter) ROC vs assignment risk scatter chart with Pareto frontier, risk zones, and labeled candidates

ROC vs assignment risk scatter chart with Pareto frontier, risk zones, and labeled candidates

### Purpose Give a **bird’s-eye view** of the premium-efficiency vs assignment-risk trade-off across every CSP that passed your filters. The scatter is for **elimination and shortlisting**, not for precise order entry. **Core wheel tension it visualizes:** more premium (higher ROC) often comes with **more assignment risk**—i.e. a higher chance you end up owning shares at that strike. ### Period ROC vs annualized ROC On the Wheel page, **ROC** measures **premium income vs cash secured** for a **single cash-secured put** (Phase A)—not your full wheel P\&L after assignment, covered calls, or stock moves. | Metric | What it answers | Formula (conceptual) | | - | - | - | | **Period ROC** | “What return do I earn **if I hold this put to expiry** and keep the full credit?” | **Premium ÷ cash required** for this contract | | **Annualized ROC** | “How does that compare **across different DTEs** on one scale?” | Period ROC **scaled to a 365-day year** (÷ DTE, × 365) | **Cash required** is the collateral for one CSP—typically **strike × 100** (shown as **Cash** / **cash required** in the tooltip and table). **Premium** is the credit for selling that put (delayed on charts—confirm live at your broker). **Worked example** (from the scatter tooltip on a 3 DTE MDB put): ```text theme={null} Premium $1,817.50 Cash required $40,000 (strike $400 × 100) DTE 3 Period ROC ≈ 1,817.50 ÷ 40,000 ≈ 4.5% ← return for this 3-day cycle Annualized ROC ≈ 4.5% × (365 ÷ 3) ≈ 553% ← same trade, annualized for comparison ``` The **annualized** number looks dramatic on very short DTE—that is math, not a promise you can repeat that rate all year. Use **period ROC** when your policy is tied to **this expiry**; use **annualized ROC** when you are **mixing weeklies and monthlies** on the same scatter. **What ROC does not include:** early buybacks, partial fills, commissions, slippage, assignment, stock P\&L, or covered-call income. It is a **screening metric** for comparing CSP credits on equal collateral—not a forecast of account growth. Match the chart toggle (**Ann. ROC** / **Period ROC**) and scatter **Filter** to the metric you are actually thresholding. **Habit:** filter and sort on **period ROC** for “minimum credit this cycle”; use **annualized ROC** only when DTE varies and you need a common ruler—then still verify **period ROC** and **premium** in the tooltip before you trade. ### Potential usage | Goal | How to use the scatter | | - | - | | **Reject obvious losers** | Switch to **Dominated** or hide pink dots—if another candidate is strictly better on ROC and risk, drop it. | | **Find efficient ideas** | Show **Frontier** / Pareto L1—compare only dots on the efficient edge of the cloud. | | **Match assignment appetite** | Use **risk zones** and the horizontal axis—stay left if you want fewer assignments; accept right only on names you **want** to own. | | **Compare tenors** | Toggle **Ann. ROC** vs **Period ROC**—annualized helps compare different DTEs; period ROC reflects this cycle’s credit. | | **Spot outliers** | **Label frontier**, hover for tooltip, **click** a dot to open the chain report side panel for that symbol | | **Stress-test greed** | A dot far up (high ROC) and far right (high assignment risk) on a “famous” name is a common Module 2 fail—reject even if it looks green. | ### Chart controls | Control | Purpose | | - | - | | **Ann. ROC / Period ROC** | Annualized vs this-period return on capital | | **All / Dominated / Frontier** | Full cloud vs easy rejects vs efficient set | | **1–5** | Pareto frontier layers (L1 = primary efficient frontier) | | **Risk zones** | Shade assignment-risk bands | | **Label frontier** | Ticker labels on frontier dots | | **Filter** (funnel) | Filter recipes with embedded stacks — [Filtering the Wheel page](#filtering-the-wheel-page) | ### How to read each dot One dot = one CSP (**symbol + strike + expiry**) after your filters. Position on the chart is the trade-off; interaction is how you drill in. ```text theme={null} Hover dot → tooltip — contract stats without leaving the scatter Click dot → side panel · Options Chain Report for that symbol Deep-analyze ownability — reject the symbol if it fails Module 2 ``` | On the chart | Read it as | | - | - | | **Higher on the chart** | More ROC (premium efficiency vs cash secured) | | **Further right** | More assignment risk — more Phase B (shares) | | **Pink (dominated)** | Strictly worse than another dot → **reject** | | **Green frontier (L1 / L2)** | Efficient trade-offs → shortlist 2–3, then hover / click | #### Hover → click (interaction) Animated Wheel scatter interaction: first hover on an MDB dot shows a contract tooltip with strike, premium, cash, and ROC; then click opens the Options Chain Report side panel with stock price, VRT regime, and earnings context

Animated Wheel scatter interaction: first hover on an MDB dot shows a contract tooltip with strike, premium, cash, and ROC; then click opens the Options Chain Report side panel with stock price, VRT regime, and earnings context

Loops between **hover** (tooltip) and **click** (side panel) on the same MDB dot. **Hover — tooltip:** Quick reject-or-continue before you leave the scatter. Check **assign. risk**, **cash required**, and **period ROC** vs the headline **ann. ROC**—match your filter and chart toggle. | Tooltip field | Use it to… | | - | - | | **Strike / underlying to strike** | Confirm OTM distance matches your policy | | **Premium / cash required** | Size the trade vs your cap before clicking | | **Assign. risk / period & ann. ROC** | Match scatter position to the numbers | | **Put-wall buffer / score** | First structure read—full context after click | **Click — side panel:** Opens the [Options Chain Report](/dashboard/navigation-tips) for that symbol. Scroll for price, VRT regime, GEX, walls, and bias—then **reject the symbol** if you would not own it. Here, **Earnings: Today** is a Module 2 fail for many wheel policies even with strong ROC on the dot. **Typical pass on a frontier dot:** 1. **Hover** — tooltip confirms strike, cash, assignment risk, and ROC fit your filters. 2. **Click** — side panel for ownability (events, regime, structure). **Reject** the symbol if anything fails Module 2. 3. **Next dot** — repeat until 1–2 symbols survive. 4. **CSP table** — verify spread, OI, delta, and live broker quote for the specific strike. The side panel is a **reject tool**: a dot can look great on ROC but fail on earnings, regime, or walls. Only open the CSP table for symbols you would hold through a drawdown. Deeper framing: [Module 3 — Execution](/learn/wheel-module-3-execution). *** ## All CSP candidates (table) All CSP candidates table with strike, premium, ROC, assignment risk, delta, spread, score, and put wall columns

All CSP candidates table with strike, premium, ROC, assignment risk, delta, spread, score, and put wall columns

All Covered Calls table with call wall, put wall, distances, and walls fit columns

### Purpose Support **Phase B** of the wheel: you **hold 100 shares per contract** and need a covered-call strike that matches your willingness to sell, premium goals, and market structure. This block is a **planning and comparison** view—not a substitute for Module 4 management rules (50–70% profit take, rolls, called-away mindset). ### Potential usage | Scenario | How to use this table | | - | - | | **Just assigned on a put** | Find your symbol; compare **call wall** distance vs strikes you would sell | | **Pre-planning before selling a put** | “If assigned near \$X, where would I sell calls?”—sanity-check Phase B before Phase A | | **Choosing CC strike** | Balance **call wall distance** (room to run) vs premium—you **cap upside** on purpose | | **Avoiding bad CC strikes** | **Walls fit** and wall distances flag structural mismatch—still verify on chain report | | **Rotation after call-away** | After shares are called away, return to CSP scatter/table for the next put cycle | ### Column reference | Column | Purpose | Wheel usage | | - | - | - | | **Current price** | Spot vs walls | Anchor for strike selection | | **Call wall / Put wall** | Concentration levels | CC often discussed relative to call wall; put wall for context | | **Wall distances** | % from spot to each wall | See how much room before structural levels | | **Wall volumes** | Activity at walls | Heavier levels = more discussed, not guaranteed | | **Max γ / distances** | Gamma hotspots | Manage DTE and strike with chop in mind | | **Walls fit** | Platform alignment flag | One input—combine with your sell discipline | Full lifecycle: [Module 4 — Lifecycle](/learn/wheel-module-4-lifecycle) · [Lifecycle decision map](/learn/wheel-module-4-lifecycle#1-wheel-lifecycle-at-a-glance). *** ## Putting the three blocks together ```text theme={null} Module 2 policy (ownability, DTE, delta, size) ↓ Select symbols (header) → watchlist scope ↓ Scatter Filter → DTE · Cash · Assignment risk · ROC · Premium · Score ↓ Scatter view → Frontier · hover tooltip · click → side panel (reject symbols) ↓ CSP table → verify credit, cash, spread, OI, assignment risk ↓ Module 3 checklist → reject until ≤1 remains ↓ Broker → live underlying + option premium → order ↓ (If assigned) Covered calls table → Phase B strike planning ↓ Module 4 journal + management rules ``` *** ## Suggested workflow (with Module 3) 1. **[Module 2](/learn/wheel-module-2-candidates)** — reject tickers you would not own; note DTE, delta, and size caps. 2. **Select symbols** — set header watchlist. 3. **Scatter Filter** — copy a stack from [Filtering the Wheel page](/dashboard/wheel-page-guide#filtering-the-wheel-page) or build your own. 4. **Scatter view** — frontier + risk zones; **hover** dots, **click** finalists to deep-analyze and reject symbols in the side panel. 5. **CSP table** — verify spread, OI, delta for symbols that passed; use table Filter if needed. 6. **Options Chain Report** (optional) — full-page deep dive via [Navigation tips](/dashboard/navigation-tips) when you need more room than the side panel. 7. **Pre-trade checklist** — [Module 3](/learn/wheel-module-3-execution#pre-trade-checklist-printable). 8. **Reject** until at most one remains. 9. **Broker** — confirm live underlying, strike, and option premium. 10. **Journal** — [Module 4](/learn/wheel-module-4-lifecycle#8-journal-keep-using-it). *** ## Related docs | Doc | Purpose | | - | - | | [Navigation tips](/dashboard/navigation-tips) | Options Chain Report UI | | [Key metrics explained](/dashboard/key-metrics-explained) | Walls, max gamma, score labels | | [Wheel Learning Series](/learn/wheel-complete-guide) | Full wheel curriculum hub | | [Module 2 — Candidates](/learn/wheel-module-2-candidates) | Screening before the Wheel page | | [Module 3 — Execution](/learn/wheel-module-3-execution) | Reject drill and checklist | | [Module 4 — Lifecycle](/learn/wheel-module-4-lifecycle) | After entry; covered calls phase | This documentation is built and hosted on [Mintlify](https://mintlify.com), a developer documentation platform.