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One account. Eight questions it has to answer.

PremiumGuard is not a pile of dashboards. Every screen in it exists to settle a question you already ask yourself between trades, and each one is answered from your own fills.

No credit card required. Cancel anytime.

The wheel trader's tool suite

The questions a wheel trader asks, and the screen that answers each one.

The complete tool suite for maximizing the income a wheel produces. Each screen settles a question that comes up every week and that a broker statement leaves open.

Live

Where do I sell my next call?

Your average cost is not your breakeven. Every premium you have kept on a name pulls the real number lower, and that number is where the next covered call stops capping a loss and starts booking a gain. The tracker holds it for every open wheel and remarks it on every sync.

Open the wheel tracker
NVDA Open cycle
Adjusted cost basis $205.10
$213.70 today, $8.60 above breakeven
Cost $217.50 · $12.40 of premium kept
Watched

What moved while I was at work?

Nobody watches eleven open positions all day. Overnight and after every sync, your whole account gets read, and only the things that crossed a line come back: an earnings date inside an expiration week, a strike whose cushion has thinned, a name past the cap you set. What to do about it stays your call.

Open automated insights
This morning 07:30 ET
  • Flag NVDA reports earnings Jul 22, before your $172.50 put (×2) expires Jul 24.
  • Watch AMD is $157.20, 1.4% above your $155 strike. About 1.5 strikes of cushion, against your declared minimum of 2.
  • Note TSLA: +$1,670 net across 9 closed cycles. Premium has more than covered the equity losses here.
4 more waiting
Weighed

How much of this account is committed, and to what?

A cash balance and a list of positions do not answer it. Capital at risk does: the assigned stock you are holding, the cash standing behind every put you have sold, and the premium you have paid out, added up and then broken down by name so you can see what rides on one ticker.

Open portfolio analytics
Capital at risk All accounts
$139,330
  • Open cycle equity $76,680
  • Cash behind sold puts $61,500
  • Options you bought $1,150
MSFT is 35.0% of your open position capital
Recorded

Which of my names actually pay me?

Premium collected flatters every ticker. Net result does not. Each closed wheel is written up on sync and rolled into a board that ranks your names on what they left in the account after the stock had its say, so the ones quietly funding their own losses have nowhere to hide.

Open the trade journal
Scorecard 21 closed cycles
  • 1 MSFT +$6,500
  • 2 AAPL +$4,700
  • 3 NVDA +$3,860
  • 8 PLTR −$1,180
  • 9 PYPL −$2,340
Ranked on net result, premium and equity together
Recovered

What happens when a wheel ends at a loss?

Called away below basis, rebuy, keep selling calls: every tracker hands the rebuy a clean slate that hides how far you really are from even. Link the wheels instead and one chain-adjusted breakeven carries the whole recovery, with one result recorded when the chain finally closes.

Open advanced loss mitigation
Recovery chain 2 wheels linked
Chain breakeven $54.00
$49.00 today, $5.00 a share still to recover
The fresh wheel alone would call this position even
Valued

What is the call I bought actually worth?

A bought contract has no shares to value and no premium coming in, so most trackers can only tell you what it would settle for if it expired this second. The position gets read properly instead: what it is worth now, what you are up, how much of that is time value, and the day a flat stock turns today's profit into a loss.

Open long calls and puts
Bought contracts 1 open
$1,150
0.8% of capital, held apart from wheel results
Priced at what it trades at, not at what it would settle for
Bounded

What does this spread actually risk?

Every spread you run, read as one position instead of a pile of legs. You get the payoff at expiration, both breakevens and the numbers that actually decide the trade: what it can cost you, what it can make, and where the line between the two sits. Enough to hold it for the full profit, or close it before it turns.

Open multi-leg positions
AAPL condor 4 legs
$658
the most it can lose, exactly, inside a $23.42 profitable band
Iron condors, verticals, straddles, strangles, synthetics and calendars
Paid out

How much can I take out this month?

Premium landing in the account feels like income, and some of it still belongs to open cycles. The engine counts only closed-cycle profit, subtracts what you have already drawn, and then holds a hard floor at your target equity, so a withdrawal never eats the base that produces next month’s income.

Open the safe withdrawal engine
Safe to withdraw This month
$6,400
$6,400 released $4,100 held back
Equity $156,400 leaves $6,400 above your $150,000 floor
How they connect

One suite, from the trade you open to the income you take.

Nothing here is a separate app you have to remember to open. Each screen hands the next one what it needs, and all eight are pointed at the same outcome: more income from the capital you already have at risk.

  1. Live Wheel tracker

    Holds the open position and the breakeven your next strike is written against.

  2. Watched Insights

    Reads that position overnight and flags the lines it crosses.

  3. Weighed Portfolio analytics

    Says whether the account can carry the position at all, and at what yield.

  4. Recorded Trade journal

    Writes the wheel up the moment it closes, and ranks the name on what it left.

  5. Recovered Loss mitigation

    When a wheel ends under water, links the rebuy into a chain that carries the true breakeven.

  6. Valued Long calls and puts

    Prices the contracts you bought, and dates when holding stops paying.

  7. Bounded Multi-leg positions

    Reads a spread as one position, so max loss, max gain and the breakevens are numbers rather than hopes.

  8. Paid out Safe withdrawal

    Turns that closed profit into the income you can safely take.

The walkthrough

Every tool on this page, in motion.

Five minutes in the live app, running through the tracker, the overnight insights pass, the scorecard, multi-leg positions and the withdrawal number.

The account in the walkthrough is a demo account built for the recording. Every position and figure on screen is illustrative.

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Get the whole tool suite working on your income.

Connect a broker and your history backfills in minutes. Every screen above then runs on your own fills: where to write the next call, what needs attention today, how hard your capital is working, which names actually pay you, and how much income you can safely take. If it does not change how you trade, cancel before day 14 and pay nothing.

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