Track Your Wheel Strategy with OptionsEdge
Stop guessing whether your wheel strategy is actually profitable. OptionsEdge auto-groups your fills, tracks true cost basis across rolls, and shows strategy-level P&L, so you know exactly where your edge is.
No credit card · Import your first CSV in seconds
The tracking problem
Why tracking your wheel strategy is harder than it looks
Difficulty tracking options trades
Complexity of combining multiple strategies
Maintaining organized trade records
Analyzing performance of individual stocks
Position sizing complexities
Understanding tax implications of options
What matters
Key metrics to journal for your wheel strategy
These are the numbers that actually tell you if your strategy has edge
Premium collected on each cash-secured put and covered call
Adjusted cost basis after assignment and subsequent covered calls
Total P&L per underlying across the full put-to-call cycle
Assignment frequency and how long shares are held before being called away
Win rate by underlying: which stocks work best for your wheel
Annualized return on capital deployed per wheel cycle
Built for this strategy
How OptionsEdge tracks your wheel strategy
Detects the wheel pattern across your puts, assignment, and covered calls, then proposes the full cycle: one click links it into a single wheel view
Imports assignments from Schwab/ThinkorSwim Account Statements and stages them for your review, so assigned shares enter your journal at the strike with the put premium on record
Tracks adjusted cost basis across the cycle, showing your true breakeven declining as each premium lands
Wheel-level P&L shows total cycle performance, not just individual puts and calls
Roll tracking preserves your cost basis when you roll a covered call to a new expiration
Import from ThinkorSwim or Tastytrade with a single CSV: no API keys or broker login needed
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Related guides
Start journaling your wheel strategy the right way
Import your first CSV free. No credit card. No API keys. Just upload your ThinkorSwim or Tastytrade export and see your wheel strategy positions organized in seconds.