Track Covered Calls to Cash-Secured Puts to Repeat
Running the wheel strategy but can't see your total ROI across the full cycle? Wondering if your strategy is actually working? Our calculator tracks your entire buy-sell-put-sell cycle in one place, showing exact income, assignment odds, and annual ROI.
Single View of All Three Trades
Total Cycle Income and ROI
Assignment Probability for Each Leg
Buy-and-Hold Comparison
Pattern Recognition Across Cycles
Optimization Suggestions
Project your income over time with the wheel strategy (selling puts + calls)
Ticker, shares owned, purchase price, current price
Strike sold, premium, DTE, and outcome (assigned or expired)
Strike sold, premium, DTE, and outcome (assigned or expired)
Total Cycle Income
$450
Cycle Duration
42 days
Cycle ROI
1.84%
Annualized ROI
16%
Comprehensive DTE-focused guide for wheel strategy mastery
In-depth review and optimization techniques
Offline reference guide for the wheel strategy
Complete beginner guide to the wheel strategy
Master the wheel strategy with our comprehensive guides. Learn optimal DTE selection, stock selection, and how to maximize income across complete cycles.
Master the wheel strategy with our comprehensive DTE-focused guide
In-depth review of wheel strategy performance and optimization
Downloadable wheel strategy guide for offline reference
High volume and liquid stocks perfect for wheel trading
Complete beginner guide to generating income with the wheel strategy
Buy shares to Sell covered call (collect premium) to Get assigned (sell shares at profit) to Sell cash-secured put (collect premium) to Get assigned (buy shares back at lower price) to Repeat.
Income generation (2 premiums per cycle), acquisition advantage (earn premium when buying), defined risk, and disciplined execution.
Typically 6-12 weeks per full cycle, depending on DTE selections and assignment timing.
Yes, if CC expires worthless (stock crashes) or CSP expires worthless (stock rallies). The calculator shows when these outcomes reduce total cycle ROI.
Weeklies (7 DTE): Higher annualized ROI, more cycles/year, but more admin work. Monthlies (30 DTE): Simpler, better premiums, less admin.
Join traders who are already using our tools to make better decisions.
