Systematic Wheel Strategy Execution & Performance Tracking
Running the Wheel strategy across multiple positions? Tired of spreadsheets that don\'t sync with your actual trades? Our tracker connects directly to Interactive Brokers to monitor your CSPs, covered calls, assignments, and income—all updated in real-time.
✅ Full Wheel Cycle View — Track CSP → Assignment → Covered Call in one place
✅ Automatic Assignment Detection — IB sync detects when puts get assigned
✅ Consolidated Income Tracking — Combined premium from puts and calls
✅ Phase-Based Position View — Instantly see which stage each position is in
✅ Wheel Performance Metrics — ROI per Wheel cycle, annualized returns
✅ Historical Assignment Analysis — Track assignment rates by ticker
Secure Flex Query connection imports your options trades automatically
See all your CSPs, assignments, and covered calls in a unified Wheel view
Track income per Wheel cycle from initial put to final call assignment
Total Premium Collected
$545
Days in Wheel
45 days
Current Position Value
$17,650
Unrealized Gain
+$650
Avg Wheel Cycle Return
4.2%
Assignment Rate
23%
Monthly Premium Income
$1,850
Active Wheel Positions
12
Calculate returns for complete Wheel cycles
Analyze CSP entry points for Wheel initiation
Optimize covered call strikes during Wheel Phase 2
Complete trade logging with IB sync
Compare the two main Wheel strategy components
The Wheel is a systematic options strategy: (1) Sell cash-secured puts until assigned, (2) Once assigned, sell covered calls on those shares until called away, (3) Repeat. It generates consistent premium income while potentially accumulating shares at desired prices.
Our system analyzes your IB portfolio to identify: (1) Open short puts = Wheel Phase 1, (2) Long shares without covered calls = Between phases, (3) Long shares with short calls = Wheel Phase 2. Automatic detection updates as positions change.
Yes. The dashboard shows all active Wheel positions across different tickers, each with their current phase, days in cycle, premium collected, and projected returns. Filter by phase, ticker, or DTE.
Key metrics include: premium collected per cycle, annualized Wheel ROI, assignment rate by ticker, average days per phase, total Wheel income, and cost basis reduction from premium collection.
Yes. If you already own shares or have open puts, the tracker will identify your current position and start tracking from there. Historical IB data can also reconstruct past Wheel cycles.
Flex Query sync typically updates every 15-30 minutes during market hours. Manual refresh is available anytime. All options trades, assignments, and expirations are captured automatically.
Join traders who are already using our tools to make better decisions.
