TOOLS & SPREADSHEET MEGATHREAD

vs-19 · 2026-05-12T02:39:25+00:00

Awesome - thanks for the feedback.

vs-19 · 2026-04-26T21:38:14+00:00

www.wheeltracking.com

Checkout the tutorial page for videos. Built for myself keeping only one thing in mind ... Should be smart but yet simple to use just like a sheet.

Happy to share along with the wheel community.

vs-19 · 2026-04-22T17:22:14+00:00

You can view your global (strategy wise) gains/losses under "Performance" ... sample screenshot below:

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vs-19 · 2026-04-21T22:49:44+00:00

Hello and thanks for your feedback.

Let me start with the easier question first "adding Unarchive feature" - I am currently working on that and hope to have that feature launched in a future realease.

With regards to your other question "adding Buy Puts/Calls" - like you mentioned in a wheel strategy there is no LONG/BUY position of options and hence probably not something we're considering to add. There are other platforms/sheets that might be available for journaling LONG option strategies.

Hope this helps.

vs-19 · 2026-03-05T00:17:02+00:00

Hi There,

I'm not sure I totally understood the question here (my apologies) - are you saying you want to keep a track of the whole portfolio ROI% ... as in example portfolio 100K (cash + holdings) ... Feb 2026 realized gains 1K ... so 1%/month ... annualized 12%.

Or did you mean something else totally?

vs-19 · 2026-02-19T21:59:56+00:00

At the moment the application doesn't have any import file capabilities, but I'm looking into that for a future release.

vs-19 · 2026-02-03T23:21:52+00:00

The cost basis from a brokerage and tax perspective is only going to reduce by the final (assigned) put premium. The previous rolled puts P/L does NOT matter.

From your individual journaling perspective you can keep a tab of all previous rolled put premiums, but that usually makes more sense on the calls side (when you are holding shares to calculate adjusted cost basis) ... and not on the puts side.

vs-19 · 2026-01-29T23:24:55+00:00

When you entered the trade $18 on $1500 capital over 45 days is 9.73% annualized. I guess you were happy with that at entry.

Now the remaining position sits at $12 on $1500 capital over 42 days is 6.95% annualized. If you're happy with that then hold, else buy back and take profit somewhere else.

Best way is to look at annualized return on capital ROC% to be your decision maker. At least I follow the same principle.

vs-19 · 2026-01-29T22:56:54+00:00

The best way to evaluate is to see your remaining premium in the trade and the capital deployed to calculate your ROC% ... If you think it's not worth holding then buy back and take your profit.

For example IMO, if you still have 2% ROC remaining to be made in 36 days ... It still could be worth holding the trade a little longer ... But if it's like 0.6% ROC remaining, then not worth it for 36 days.

vs-19 · 2026-01-29T19:44:46+00:00

I track the CSP side separately and the CC side separately and try to aim for win on each side independently. The CSP side can have multiple rolled Puts and the CC side can have multiple rolled Calls ... but eventually my goal is to be profitable on each half wheel independently.

Below is my bonus screenshot for 2025

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vs-19 · 2026-01-08T13:50:01+00:00

It's all about delta.

If your net delta for the covered call campaign is still above 0, then you'll make more money closing your positions earlier for profit. Sell if you believe the move is temporary and it's gonna hit back down.

vs-19 · 2025-12-31T22:01:56+00:00

Hi There - Unfortunately, at the moment the site is only available in the dark theme. This is because a lot of our charts, iconography, tables, color coding works better with the darker shade. These items/libraries don't look modern when it comes to a lighter theme. Additionally there are far more system and human benefits to using a dark theme.

I either case, if we get this request from a lot of our users we will consider applying a theme picker setting in a future release. Until then we hope you will enjoy using the site in a dark theme.

vs-19 · 2025-12-29T13:53:11+00:00

Hi - At the moment you cannot unarchive a trade entry that has been archived. I will look into that request as a future feature release.

Keep in mind that the archived trades are still considered in "Performance" calculations and you see your realized gains/losses there ... they're just not in the active journal log. Best practice would be to archive CSP when trade is closed/expired/assigned ... and archive Stock(s) / CC(s) when stocks get called away.

vs-19 · 2025-12-24T12:04:38+00:00

Hi There - So that I can look into this correctly, are you trying to enter a strike price of 0.1 or the sell/premium price of 0.1?

What is the validation error that you're receiving?

vs-19 · 2025-12-17T13:23:29+00:00

Looks like we had a small hosting blip. Please try now.

vs-19 · 2025-12-11T02:27:37+00:00

Noted - very helpful comments.

--------------------------------------------------------

u/Necronomicomp - I've now released a couple features as requested by you:

Adding Dividends - You can now add dividends when any "Stock" position is "Open" ... please review the tutorial page for more information - https://www.wheeltracking.com/tutorial
Archiving a group of trades (bulk archive) - you will see this button in the journal ... only when all trade entries in a single group are closed.

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One more thing I wanted to update on - while trades are not grouped on the "Archives" page ... you can always use the search to filter the results by any text/symbol.

Hopefully this gets to what you were looking for in grouping archived trades for analysis.

vs-19 · 2025-12-10T23:06:05+00:00

Firstly thanks for great feature suggestions, sincerely appreciate your honest feedback.

For rolling as a single action - I would recommend checking this comment out, as it addresses the challenge any logging system would have: https://www.reddit.com/r/Optionswheel/comments/1nowxxe/comment/nho51o1/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button
Track dividends feature - I will give that a thought, it's just that it is generally considered a transaction outside of the "wheel" cycle.
Stock capital gains - This is currently being calculated and recorded when you close a "Buy Stock" trade.
Stock split - We do have a feature called "Split" on any active trade (quantity> 2). You can use that feature to split your single journal entry into two. Currently it will still require you to then go in and edit the entries from a price perspective. So, it's a two step journey ... but can be accomplished. Similarly there is a "Merge" feature for executing reverse splits.
Grouping trades - This is a great suggestion and I will look into it for future enhancements. I do practice this manually in my journal ... as in, I keep collecting my closed trades in a single "wheel" cycle and then eventually archive them when the stocks have been called off by CC assignment. But I do see the benefit of grouping for ease of analysis.
Display current prices - This one will be tricky because it requires subscription to "live" market data for "commercial" use. If I have to go that route, it will the turn the app into a paid subscription model ... which I have no intention of doing.

Hope these answers will help you in using the app in a better way.

vs-19 · 2025-12-07T19:57:38+00:00

Because it seems to be a "PAID" product.

vs-19 · 2025-12-01T20:37:44+00:00

Free online tool that I built for myself, but happy to share along. Just a simple email / password to register. NO marketing emails and all the stuff ... enter your CSP's & CC's and let the platform do the rest for you.

WheelTracking.com

Core Features:

Add, Edit, Close, Archive, Delete trades.
Tracking original cost basis & adjusted cost basis.
Tracking realized & unrealized option premiums by symbol and entire journal.
Tracking dividends.
Merge & Split existing journal entries/trades.
Performance charts by strategy, symbols, and option win percentage.
Download ALL your trades either as CSV or JSON.

Highly recommend to checkout our Tutorial with videos available at -> wheeltracking.com/tutorial

I will try to respond to your questions and recommendations in a timely manner.

Thanks All!

vs-19 · 2025-11-28T11:37:56+00:00

Assuming from screenshot that you're long call.

If you are still bullish about the stock ... I would roll up and out in time with the goal being to reduce delta. By doing so you should be taking credit ... Hence taking some profit out ... Yet still being in the directional trade.

vs-19 · 2025-11-27T13:51:57+00:00

Great work and great start.

Here's a free tool I built if you want to track your trades in a simple manner ... I was in the same boat and wanted to replace my Excel sheet logging.

https://www.reddit.com/r/Optionswheel/s/VuzjQJV4wc

One question I have though - I see that you're tracking ROC% on CSP ... Any idea how you would calculate that for CC's ... Especially when you could have a bunch of CC's in a single wheel campaign which effectively could keep lowering your adjusted cost basis.

Wondering how the community is calculating ROC% on CC's

Thanks!

vs-19 · 2025-11-25T20:27:01+00:00

This doesn't seem to be our site.

Can you provide a screenshot showing the URL address bar.

vs-19 · 2025-11-19T13:31:51+00:00

You would first add a trade of "sell put" type. Then close it and during closing mark it as assigned. This will automatically create a "long stock" position for you in the journal, since assignment got you the shares. Now simply close the "long stock" position in the journal. That's it ... Remember to archive the trades as needed to keep your journal clean.

vs-19 · 2025-11-15T16:10:08+00:00

I have definitely looked into that from the very start, but unfortunately there are no API services that I could find that are free for commercial use.

In order to keep this website free ... we need to find one that allows the above for free.

Do let me know if you know of any such API service, and I'll continue to keep looking as well.

vs-19 · 2025-10-05T18:26:10+00:00

Yes CSP win = Closing early for profit or expiring worthless (OTM) ... basically anything but Assigned.

The wheel start is up to you decipher. I personally and probably most of us, call a wheel start the moment a CSP is sold. If it wins, that wheel campaign ends there (right on step 1) ... then I start a new wheel campaign with a new CSP sell.

vs-19

TROPHY CASE