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Cost basis

8 entries filed under this topic
21 min read
A wheel tracker workbook filtered to one cycle ID, showing a sell to open put, a two row roll sharing one leg ID, an assignment that moves shares after event to 100, a covered call sold against those shares, and a called away row that returns the count to zero, with the cycle marked closed and the shares net to zero check passing.

How to build a wheel strategy spreadsheet that shows your real P/L

Build a wheel strategy spreadsheet that ties every put, roll, assignment and covered call into one cycle, with honest cost basis and return on capital.

PremiumGuard Research Deskwheel strategyspreadsheetscost basis
12 min read
Three outcome cards for one covered call, reading call expires worthless with a short-term gain on the premium, bought to close with a short-term gain or loss on the option, and shares called away with an amount realized of strike plus premium, above a fourth amber card showing a wash sale adding a disallowed loss to the replacement shares' basis.

Covered call tax treatment: why identical trades can owe different amounts

How the IRS taxes covered call premium, when a short call pauses your holding period, and how a wash sale can defer the loss you were counting on.

PremiumGuard Research Deskcovered callscost basisassignment
23 min read
Dark navy card titled Four numbers, one position, listing a short 50 strike put sold for 1.20 with credit per share 1.20, capital tied up 5,000.00, breakeven 48.80, profit at expiration 120.00 and return on capital 2.4 percent.

How to calculate options profit and loss the right way

How to calculate options profit: true cost basis, breakeven, dollars at expiration, and annualized return on capital for calls, puts and the wheel.

PremiumGuard Research Deskoptions pricingcost basiswheel strategy
17 min read
Board comparing six wheel strategy tracking tools side by side, each row showing its entry price and how trade data gets into it.

6 best wheel strategy tracker tools for 2026

Compare the 6 best wheel strategy tracker tools for 2026. Learn about broker sync, cost basis, and screening. Find the right software for your trading style.

PremiumGuard Research Deskwheel strategycost basisspreadsheets
11 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
17 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
20 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
3 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