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.
Everything you need to know about selling cash-secured puts, covered calls, and tracking your true Adjusted Cost Basis like a professional.
The complete lifecycle: Sell CSPs → Get Assigned → Sell Covered Calls → Get Called Away. Understand the full cycle and when to use it.
The secret weapon of wheel traders. Learn how every premium you collect reduces your true cost — and why a spreadsheet can't keep up.
Step-by-step tutorial: create your first campaign, log your first trade, and watch your ACB update in real-time.
The wheel is ideal for investors with at least $5,000–$10,000 in capital who are comfortable owning shares of a stock they believe in long-term. It works best in stable or slightly bullish markets.
OptionWheelTracker is currently in beta and free to use. We plan to introduce a premium tier with advanced analytics, CSV imports, and multi-portfolio support.
Not at all. The wheel strategy works on any broker that supports options trading — TastyTrade, Interactive Brokers, TD Ameritrade, Schwab, Zerodha, etc. Our app is broker-agnostic.
ACB is your true cost of owning shares after accounting for all premiums received from selling puts and calls. It's the number that tells you whether your wheel strategy is actually profitable.
Yes! Each campaign tracks one ticker's full wheel lifecycle. You can run multiple campaigns simultaneously across different stocks and markets.
Create your first campaign and log a trade in under 30 seconds.
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