The wheel
A wheel strategy tracker that adds up every cycle
Sell a put, get assigned, sell calls against the shares: the wheel spreads one trade over months and many contracts. myTickrs links them, so you can see what each cycle really earned.
An illustrative example.
How a cycle is recorded
- Sell a cash-secured put. Record a sell to open; the premium counts from that day.
- Assigned? Mark the put as assigned, and the purchase of the shares at the strike is created for you.
- Sell covered calls. Write calls against the shares, and roll them in one step when you need more time.
- Called away. When the call is assigned, the shares are sold at the strike and the cycle's P&L is complete.
Premium in the cost basis, or on its own
Some traders lower the cost of assigned shares by the premium they collected; others keep premium as separate income. myTickrs does either, so your average price matches how you think about the trade. Realized P&L uses FIFO.
Premium income by month and year
Option P&L and premium income can be viewed by period, and every open contract shows its days to expiry, premium and break-even, so you can see which puts and calls need attention this week.
Rolls that keep the thread
Rolling a put or a call to a new strike or expiry closes the old contract and opens the new one in one step. The two stay linked, with their combined P&L, so a rolled position still reads as one trade.
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