Peter Pru | Option Sellers School

How To Handle Taxes For The Wheel Strategy In 2026


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Option premiums feel like "free money" until April rolls around, and many traders are shocked to learn that their gains are taxed at ordinary income rates rather than the favorable long-term capital gains rate. In this video, I break down the specific tax implications of the Wheel Strategy for 2026, including the dangerous "Wash Sale" rule that can disallow your losses. Watch this guide to learn how to structure your trading accounts and set aside cash to keep the IRS happy.
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Peter Pru | Option Sellers SchoolBy Peter Pru