Topic

Cost basis

4 entries filed under this topic

Sep 1, 202611 min read

A seller's breakeven plotted as a stepped line across one wheel cycle, dropping from 48.80 dollars after the cash-secured put to 47.90 after the covered call and 47.65 after a credit roll, then rising to 48.05 after a debit roll, all held below a flat dashed reference line at the 50.00 dollar assignment strike, with the buyer's fixed strike-plus-premium formula shown alongside for contrast.

What does breakeven mean in options? Buyer math vs the seller's moving line

What does breakeven mean in options? Buyers get one formula. Sellers running the wheel track a cost basis line that moves with every premium and every roll.

PremiumGuard Research Deskoptions pricingcost basiswheel strategy

Aug 19, 202617 min read

A wheel cycle running from a 50.00 dollar strike put through assignment at a 48.78 dollar share basis to a 47.69 dollar operator break-even after one expired call and one roll, with the tax ledger and the operator ledger shown as two separate columns.

How to calculate wheel cost basis and break-even the right way

An assigned put resets your cost basis. Build the ledger that survives it: basis at assignment, break-even through rolls, and a clean 1099-B reconciliation.

PremiumGuard Research Deskcost basiswheel strategycovered calls

Aug 6, 202620 min read

Split scoreboard comparing two wheel trackers: a cream accounting panel listing cycle detection, reconciled cost basis, three-number reporting and a safe withdrawal number, against a navy discovery panel listing trade finding, a roll finder, real-time alerts and AI trade ideas.

PremiumGuardHQ vs QuantWheel: which wheel tracker actually earns your trust?

PremiumGuardHQ vs QuantWheel on wheel-cycle accounting, cost basis, safe withdrawals, trade discovery, and pricing. Which tracker fits how you trade.

PremiumGuard Research Deskwheel strategycost basisincome

Jun 9, 20263 min read

Closed SOFI wheel cycle summary: Premium P/L +$1,240 plus Equity P/L −$380 equals Net P/L +$860.

Premium is unearned income until the wheel closes

Collected premium feels like profit the moment it lands in the account. Counting it that way is the most expensive habit in wheel trading. Here is the accounting that keeps it honest.

Michael O'Donnellincomecost basis