WheelMetrics Performance Report: January–May 2026

Report summary: Between January 1 and May 31, 2026, the WheelMetrics portfolio closed 26 option trades with a 92.3% win rate, collected, and returned 12.69%. Each number independently verified by a CPA.

Download the Full Report (PDF)

Anyone can post a screenshot of a winning trade.

Crop the dates, hide the losses, throw in a rented Lambo (kidding), and congratulations, you’re a trading guru!

We all know the stereotype.

But that’s not who I am.

Since launching the WheelMetrics portfolio on January 1, 2026 with $27,000 of my own money, I’ve shared my results publicly on the homepage:

• Every trade
• Every win
• Every loss

But self-reported numbers only prove so much (and can obviously be forged or faked).

So, I hired an independent CPA to verify my results, straight from the brokerage records.

His report came back last week. It’s free to download, and this article covers what he checked, what he found, and why I’ll be doing this every six months.

Why go through the trouble?

Because you shouldn’t have to take my word for any of this. An independent CPA puts a professional’s signature next to my numbers, good months and bad.

Why I Hired a CPA to Check My Work

If you’ve spent any time in an online trading community, whether it’s a WhatsApp group, Reddit community, or some random website you found on Google, you know the pattern:

1. Someone posts eye-popping returns
2. The comments ask for proof
3. The proof never comes, or worse, it’s a cropped screenshot that conveniently starts the day after a blown-up account was rebooted

You should be skeptical of every performance claim you read online, including mine.

I tell people I trade The Wheel Strategy with my own money. I tell people my system works because I follow it with discipline. And I post my numbers publicly.

Couldn’t I just keep doing that?

Sure. But “trust me” is the business model of every trading guru I’m trying not to be.

So I engaged a Certified Public Accountant, someone whose license depends on not signing his name to nonsense, to independently check my numbers against the raw brokerage data.

With a third party attached to my track record, there’s no running away from performance, win or lose.

What “Independently Verified by a CPA” Actually Means

The verification was performed by Piyush Roy, CPA (California CPA License #121948), a Certified Public Accountant based in Fremont, California.

(Don’t take my word for that either — you can verify his license yourself on the California Board of Accountancy’s lookup tool.)

He has no affiliation with WheelMetrics. I engaged him for the verification, the same way a company engages an outside accountant. That’s the entire relationship.

Here’s what he did:

1. Took the transaction records for my Charles Schwab account covering January 1 through May 31, 2026
2. Compared the data WheelMetrics provided against the Schwab transaction report directly, noting no differences
3. Recomputed the number of trades, the win rate, and the premium collected himself, from the raw transactions
4. Agreed the period rate of return to Schwab’s own portfolio performance report
5. Confirmed $0 was deposited or withdrawn during the period (so the return isn’t inflated by new cash)

He didn’t take my word for a single number.

Formally, this is what accountants call an agreed-upon procedures engagement, performed under AICPA standards (AT-C Section 215). The CPA performs a defined set of checks and reports exactly what he found. No more, no less.

A few quick notes here:

1. This is not an audit. A full audit can cost north of $10K. When WheelMetrics gets above that point, I’ll start paying for formal audits, but I can’t afford that yet.
2. This is a verification of my performance numbers, not my strategy. That’s not something a CPA can sign off on.
3. The CPA is not endorsing The Wheel, my stock picks, or WheelMetrics. He checked the math. That’s the job.

The Verified Results: January 1 Through May 31, 2026

Here’s what the report verified:

• 31 option trades opened, 26 closed (5 still open as of May 31)
• 92.3% win rate on closed trades (24 wins, 2 losses)
• 12.69% period rate of return
• $0 deposited or withdrawn during the period

Both losses were CDE cash-secured puts that got assigned.

The CPA’s rules count every assignment as a loss, even though the premium is kept. (I’d rather report the conservative number than the flattering one. Those CDE shares are now in the covered call phase, doing their job.)

A note on the homepage track record: those numbers update every few days as I trade, so they’ll never match this report to the decimal. The report verifies a frozen snapshot through May 31. The homepage keeps updating (that’s expected).

Obviously, five months is a short window. Past results don’t promise future ones, which is exactly why this verification will keep happening on a schedule (every 6 months to start, then once a quarter as WheelMetrics grows), not just when the numbers look good.

Finally, if you want context on what The Wheel can realistically generate across different risk profiles, I wrote a full breakdown of Wheel Strategy returns.

Download the Full Report (PDF)

This Will Happen Every Six Months (Win or Lose)

This report covers the first five months of the WheelMetrics portfolio.

Going forward, I’ll publish an independently verified performance report every six months, moving to quarterly as WheelMetrics grows.

Every report will be published in the Performance Reports series, each with a full PDF letter from the CPA included.

Regardless of whether the next six months provide glorious returns or an abysmal drop, the report will get published.

That’s the entire point of bringing in an outside party on a fixed schedule. I don’t get to quietly stop reporting when the strategy hits a rough patch. The CPA exists, the cadence exists, and the archive exists.

Plenty of people sell trading education. Very few put themselves in a position where hiding a bad stretch is no longer an option.

Don’t Take My Word for It (That’s the Point)

Read the report. Check the math. Poke at the methodology.

The whole reason it exists is so you don’t have to take my word for anything.

• If you’re new to The Wheel, start with The Wheel Strategy: The Complete Guide — it’s free and covers the entire system end to end.
• If you want to see the screening process behind these trades — the same two-stage quantamental process that picked every stock in this report — that’s exactly what WheelMetrics Pro delivers every Monday.
• And if you’re not ready for either, join the free newsletter. You’ll get the educational content, and you’ll hear about the next verified report the day it drops.