API Endpoint

Wheel Strategy Income

Calculate annual income from covered call/cash-secured put wheel strategy.

Endpoint

POST https://likeoptions.com/api/v1/calculate/wheel

Also supports GET with query parameters.

Parameters

Parameter	Type	Default	Description
`putStrike`	number	—	Put strike price ($)
`putPremium`	number	—	Put premium collected per share ($)
`callStrike`	number	—	Call strike price ($)
`callPremium`	number	—	Call premium collected per share ($)
`contracts`	number	—	Number of contracts (100-share units)
`cyclesPerYear`	number	—	Completed cycles per year

Request Examples

POST (JSON body)

curl -X POST https://likeoptions.com/api/v1/calculate/wheel \
  -H "Content-Type: application/json" \
  -d '{"putStrike": 100000, "putPremium": 50000, "callStrike": 6}'

GET (query parameters)

curl "https://likeoptions.com/api/v1/calculate/wheel?putStrike=100000&putPremium=50000&callStrike=6"

Response

{
  "kind": "wheel",
  "result": {
    "primary": 1234.56,
    "secondary": [
      { "label": "Example metric", "value": 100, "format": "money" },
      { "label": "Example percent", "value": 5.5, "format": "percent" }
    ]
  }
}

When to Use

Project wheel strategy income
Estimate annualized returns
Compare income strategies

Error Handling

400 Bad Request — Invalid input parameters or missing required fields
404 Not Found — Unknown calculator kind
429 Too Many Requests — Rate limit exceeded (120 req/hour per IP)
413 Payload Too Large — Request body exceeds 16 KB

Related Endpoints

Black-Scholes Option Price

View request examples in JavaScript, Python, cURL, and more →