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// wheel-analysis

Wheel Analysis

Sell a put, take assignment, write calls, get called away — the wheel is one strategy spread across dozens of trades. TickerScribe stitches them back together into cycles, with the premium income and annualized return you actually earned.

Open Wheel Analysis

Cycles · premiums · annualized return · 100% free

// one strategy, many trades

The whole wheel, on one page

The wheel loops between two journals — a cash-secured put in options, assignment into stock, a covered call back in options, called away into stock, and around again. Most journals scatter those legs across unrelated rows.

TickerScribe links them into a single cycle and reads the strategy the way you actually run it — so the premium, the assignment, and the shares are one story, not four. For the math behind it, read the wheel strategy cost basis guide.

  1. 1Sell a cash-secured putOptions
  2. 2Assigned · 100 sharesStocks
  3. 3Sell a covered callOptions
  4. 4Called away · shares soldStocks

Linked as one wheel cycle · on a single ledger

OptionCash-Secured Put
StockAssigned
OptionCovered Call
StockCalled Away
The Wheeltracked at every stage

// the read

Every wheel metric, at a glance

One strip up top: realized options income, dividends, the capital tied up in open collateral and assigned shares, your assignment and call-away rates, and the return the strategy earned — annualized on the collateral it used.

Annualized on collateral

Realized income annualized over the collateral-days your closed chains tied up — whether the wheel earns its keep on the capital it locks.

Assignment & call-away rates

How often your puts get assigned and your calls get called away — the two odds that decide how the wheel really plays out for you.

Income, net of everything

Premiums received minus buybacks and commissions — realized options income. Assigned shares keep their own cost basis on the stock pages.

// by ticker

Puts and calls, side by side per name

Each ticker on one row: closed put chains and how many were assigned, covered-call chains and how many were called away, shares still held at their assignment cost with the premium-adjusted break-even beneath it, open collateral, and dividends.

Options income splits into put premium and call premium, and the annualized column ranks which names pay you best for the capital they lock up.

// cycles

Cycles, derived — not booked by hand

A cycle starts the moment you sell a cash-secured put and ends when the shares are called away or sold. TickerScribe derives each one live from your trades and ledger — start, status, days running, premium, and net income — so you never keep a spreadsheet of open wheels.

Puts that simply expired collapse into a single line; the multi-step wheels stay in full. A status badge calls each one: Active, Called away, Shares sold, or No assignment.

Once a cycle is done, Total P&L adds what the shares realized to the options income — one number for a wheel that ended with the shares called away — and the section header keeps a running total across completed cycles.

// fees

What the Wheel Paid in Fees

Every fee on your wheel trades in one place — opening and closing the puts and calls, plus buying and selling the assigned shares. The all-time total splits into options and stocks, and each year breaks down by quarter. No P&L figure changes; this is where the fees add up.

// the cadence

Income, month by month

Net premium booked per month across every wheel trade — received minus buybacks and commissions, counted when it hits the ledger. The rhythm of a strategy that's meant to pay you steadily.

Net premium by month — open positions count in the month the premium was collected.

Run the wheel? See how it's really doing.

No credit card required. Log a put or a covered call and the cycles, premiums, and annualized return build themselves.

Open Wheel Analysis

Frequently Asked Questions

What is Wheel Analysis?
A dedicated view for the options wheel. The wheel is one strategy spread across many trades — cash-secured puts, assignments, covered calls, and called-away shares. Wheel Analysis stitches them back into cycles and reports the realized options income, assignment and call-away rates, and annualized return the strategy actually earned.
How does it group my trades into cycles?
Automatically. A cycle begins the moment you sell a cash-secured put — the wheel's first step. If the put is assigned, the shares carry into your stock journal and covered calls sell against them; the cycle ends when the shares are called away or sold. A put that simply expires or is bought back is a complete cycle on its own. Status, premium, and income are derived live from your trades and ledger — there is no cycle to open or close by hand.
What does “annualized on collateral” mean?
It takes the realized options income from your closed chains and annualizes it over the collateral-days that capital was tied up — so a put that returned a little over a week reads very differently from one that returned the same over two months. It is the number that tells you whether the wheel is paying you enough for the capital it locks up.
How does it handle assignment and called-away shares?
Premiums are booked as realized options income — received minus buybacks and commissions. Assigned shares appear in your stock journal at the assignment price and keep their own cost basis there; the wheel page never recomputes it. When the shares are called away, that sale closes the loop on the stock side. Options income and stock P&L stay on their own ledgers, so nothing is double-counted.
Does it track covered calls and dividends?
Yes. Covered-call chains sit next to their put chains on every ticker row, with premium split into put income and call income. Dividends you record while holding assigned shares show per ticker and roll into the wheel overview, so the full return on a name — premium plus dividends — is in one place.
Does the wheel page show my break-even on assigned shares?
Yes. Under “Shares held”, each ticker carries a premium-adjusted break-even — the assignment cost with the premium credited against those shares folded in. It's the same number the stock journal and ticker report show, derived from one place so the three can never disagree.
Do wheel cycles get built from imported trades too?
Yes. A cash-secured put that arrives in a broker file starts a cycle exactly as a manually entered one does, and an imported covered call links to the shares it was written against. Nothing needs re-entering by hand to make the wheel view fill in.
What about index options — do they start a cycle?
No, and they shouldn't. Index options are cash-settled: they can never hand you stock, so there are no shares to sell calls against. Index roots are recognized and the wheel declines to open a cycle on them, rather than creating one that could never complete.
Do I need to set anything up?
No. Sell a cash-secured put or a covered call and the page builds itself — cycles, premiums, assignment and call-away rates, monthly income, and the per-ticker breakdown all populate from the trades you already log. There is nothing to tag or configure.

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