Every dollar of option premium this wheel has booked, after what you paid to roll or close.
The income the wheel exists to produce. Splitting what you took in from what defending the position cost shows whether your rolls are paying for themselves.
Every open wheel in one live view. Your real cost basis, the current price, what each position has actually made, and the breakeven that tells you where to sell your next call. It updates on every sync, so the strike you pick is the one your own numbers back.
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| Symbol | Avg cost | Last | Unreal. net | At risk |
|---|---|---|---|---|
| PLTR | $41.20 | $37.90 -8.0% | -$980 | $8,240 |
| RIVN | $13.60 | $12.95 -4.8% | -$310 | $2,720 |
| GOOGL | $171.30 | $172.10 +0.5% | +$260 | $17,130 |
| NVDA | $217.50 | $213.70 -1.7% | +$860 | $21,750 |
| MSFT | $268.40 | $279.10 +4.0% | +$1,290 | $26,840 |
| Totals | +$1,120 | $76,680 | ||
Tap any symbol and the cycle opens up. Every metric is reconciled from your own trades and marked live against the market: the income it has produced, the shares you were assigned, your true breakeven, the capital it is tying up, and every leg that got you here. This is the page you decide the next move on.
| Date | Action | Exp. | Strike / Price | Qty | Price | Amount | Running premium |
|---|---|---|---|---|---|---|---|
| Jul 2 | Sell to open · Put | 7/11 | $217.50 | 1 | $4.60 | +$460 | +$460 |
| Jul 11 | Assigned · Put | — | $217.50 | 1 | — | — | +$460 |
| Jul 11 | Buy | — | $217.50 | 100 | $217.50 | −$21,750 | +$460 |
| Jul 11 | Sell to open · Call | 7/25 | $220.00 | 1 | $3.80 | +$380 | +$840 |
| Jul 18 | Buy to close · Call | — | $220.00 | 1 | $0.90 | −$90 | +$750 |
| Jul 18 | Sell to open · Call | 8/1 | $220.00 | 1 | $4.90 | +$490 | +$1,240 |
Nothing on the page is decoration. Each metric answers a question a wheel trader has to settle before the next trade, and they fall into three reads.
Every dollar of option premium this wheel has booked, after what you paid to roll or close.
The income the wheel exists to produce. Splitting what you took in from what defending the position cost shows whether your rolls are paying for themselves.
The live mark on the shares you were assigned, current price against your average cost.
The part of the position that moves with the market. It tells you what the stock is doing to you right now, before you write another call against it.
Premium and equity combined, the honest mark if you closed the whole wheel today, with the yield that represents and its annualized pace.
One number answers whether you are actually ahead on the position. The annualized figure lets you compare this wheel to anything else you could do with the money.
Your average cost minus every premium you have collected: the price the stock has to hold for the wheel to break even.
The number wheel traders live by. Each premium you keep pulls it lower, so you see the cushion you have built and know exactly where you can sell the next call without capping a loss.
The capital this one wheel is tying up right now, next to the most it put at risk at any point in the cycle.
A yield only means something against the money that earned it. Peak capital is the honest denominator, and it keeps you from quietly over-committing the account to a single name. The same read across every open position is in portfolio analytics.
Every trade that built the position, in the order it happened, with premium tallied leg by leg.
The whole wheel is traceable. You can follow a cash-secured put through assignment into covered calls and rolls, and watch the running premium climb, so every number above ties back to a real fill. To try that loop by hand first, the free wheel strategy calculator runs the same cycle with numbers you invent.
Connect a broker and your open wheels populate in minutes, live quotes and all. Watch one full cycle come together before day 14. If it is not the screen you keep open all day, cancel and pay nothing.