Wheel strategy calculator
Log each cash-secured put and covered call in order. The calculator tracks assignments and called-away shares, and shows how the premium you collect lowers your cost basis.
Your trades, in order
Example numbers are pre-filled. Replace them with your own. The next trade is a call.
1. Put
$$2. Put
$$3. Call
$$
Results
- Effective cost basis
- $47.10 / share
- Total premium collected
- $290.00
- Realized profit or loss
- $290.00
- Completed cycles
- 0
Bought at $50.00, less premium collected this cycle
Premium plus gain or loss on shares called away
100 shares held now
| # | Trade | Strike | Premium | Outcome | Basis after |
|---|---|---|---|---|---|
| 1 | Cash-secured put | $50.00 | $1.00 | Expired worthless | n/a |
| 2 | Cash-secured put | $50.00 | $1.20 | Assigned (bought shares) | $47.80 |
| 3 | Covered call | $52.00 | $0.70 | Expired worthless | $47.10 |
Premium collected before an assignment, including puts that expired, counts toward that cycle's cost basis. A cycle ends when the shares are called away. Unrealized gain or loss on shares you still hold is not included. Fees, taxes, dividends and early assignment are not modeled.
Track the positions behind the numbers
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