The wheel strategy is a popular options trading methodology that generates income through selling cash-secured puts and covered calls. Proper execution of the wheel strategy requires meticulous tracking of your Adjusted Cost Basis (ACB), premium income, and roll cycles. OptionWheelTracker is the ultimate tool for theta gang traders to manage their wheel strategy campaigns, automate ACB calculations, and achieve consistent options income. By accurately logging assignments, tracking dividends, and monitoring net premium collected, OptionWheelTracker empowers options traders to maximize their return on capital and effectively lower their break-even prices over time.
Your complete programmatic knowledge base. Everything you need to know about setting up and managing profitable wheel strategy campaigns.
What is the Option Wheel Strategy?
What are the best stocks for the Wheel Strategy?
What is Adjusted Cost Basis in the wheel strategy?
What is a cash-secured put (CSP)?
What is a covered call?
What is theta decay in options trading?
What is implied volatility (IV) in options?
What is Delta in options trading?
What is premium in options trading?
What are the Options Greeks?
How do you calculate Adjusted Cost Basis (ACB) for options?
How do you start the Wheel Strategy from scratch?
How do dividends affect the Wheel Strategy?
How do you pick the right strike price for the Wheel Strategy?
How do you track the Wheel Strategy in a spreadsheet?
How do you manage a losing trade in the Wheel Strategy?
How much money do you need to start the Wheel Strategy?
How do you choose the best expiration date for Wheel Strategy options?