Free tools for the options wheel
Three calculators for the two legs of the wheel and the loop they make together. Each one runs the real math on your inputs, then lets you practice the position through simulated expiration cycles. Free, in the browser, no account.
Wheel Strategy Calculator
Run a whole wheel end to end, cash to puts to covered calls to called away, with one continuous ledger.
Covered Call Calculator
Premium yield, breakeven, downside cushion, and if-called return on the shares you already hold.
Cash Secured Put Calculator
Yield on your collateral, strike buffer, and the effective basis you would own the stock at if assigned.
These are teaching tools that run on the numbers you type, not live quotes. The PremiumGuardHQ platform does the same math automatically across every real cycle in your broker account.
The tools are the demo. The platform is the real thing.
These calculators do the math for one trade or one loop. Connect a broker and PremiumGuardHQ does it across every wheel you run: premium banked as it arrives, cost basis reconciled through assignments, and the yield on every dollar of capital at risk.
- Every cycle detected automatically
- Cost basis reconciled through assignments
- 14-day free trial