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.
Wheeling Analog Devices Inc. is a popular income strategy, but tracking your ADI rolling puts, covered calls, and assignments in Excel is a nightmare. Use our free calculator to see your true Adjusted Cost Basis instantly.
for ADI Wheel Strategy
Your ACB
$164.50
Share Cost
$17,000.00
Premiums
+$550.00
Adj. Cost
$16,450.00
Shares
100
Every CSP premium, covered call, and dividend you collect on ADI automatically updates your Adjusted Cost Basis. No formulas to maintain.
Track your ADI wheel from the first CSP through assignment, covered calls, and being called away. See the full picture in one dashboard.
All your ADI trade data is encrypted and secured with row-level security. Only you can see your positions.
Choose a strike price below ADI's current price and sell a put option. Collect premium immediately. If Analog Devices Inc. stays above your strike, you keep the premium — free income.
If ADI drops below your strike, you buy 100 shares. But your true cost is the strike minus all premiums collected — your Adjusted Cost Basis.
Now that you own Analog Devices Inc. shares, sell covered calls above your ACB. Collect more premium, further reducing your cost basis with every trade.
When ADI rises above your call strike, your shares are sold at a profit. Take your gains and start the wheel again on Analog Devices Inc. or a different stock.
Analog Devices Inc. (ADI) in the Technology sector can be a viable wheel candidate depending on its current implied volatility, options liquidity, and your capital requirements. Look for IV Rank between 25-50% and tight bid-ask spreads in the options chain. Always ensure you're comfortable owning 100 shares.
To sell one cash-secured put on ADI, you need enough to buy 100 shares at your chosen strike price. Check the current ADI price and multiply by 100 for the approximate capital requirement. Always maintain a cash buffer for risk management.
Your ACB on ADI equals your assignment price minus all net premiums collected from selling puts and calls, divided by shares held. Use the interactive calculator above to see exactly how each trade affects your true cost basis on Analog Devices Inc..
If ADI drops below your cash-secured put strike at expiration, you'll be assigned 100 shares. This is a normal part of the wheel strategy. Your true cost is reduced by all premiums collected. You then sell covered calls on those shares to continue reducing your cost basis.
Yes. OptionWheelTracker lets you create a ADI campaign, log each trade (CSPs, assignments, covered calls, rolls), and automatically calculates your ACB, total premiums, and campaign P&L. No spreadsheet formulas needed.
Automate your Analog Devices Inc. wheel tracking. Log trades in seconds, get instant ACB updates, and see your true P&L.
Start Tracking ADI FreeHow to Calculate Adjusted Cost Basis
The exact ACB formula with real examples
Break-Even Price After Assignment
Your true break-even is lower than you think
Best Stocks for the Wheel Strategy
Is ADI in the Technology sector a good candidate?
Why Broker Cost Basis Is Wrong
Robinhood shows the wrong number for ADI