Track Covered Calls → Cash-Secured Puts → 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%
Buy shares → Sell covered call (collect premium) → Get assigned (sell shares at profit) → Sell cash-secured put (collect premium) → Get assigned (buy shares back at lower price) → 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.
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