Wheel Strategy Simplified

Master the Wheel Strategy with Confidence

Track covered calls, cash-secured puts, and shares in one powerful platform. Get real-time insights into your options portfolio and optimize for consistent gains.

100%Free to Start
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Stocksicle App - Track your wheel strategy positions
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Features

Everything You Need to Master the Wheel

Purpose-built tools for options traders running the wheel strategy

Position Tracking

Track covered calls, cash-secured puts, and share positions with complete trade details including strike prices, expiration dates, and premiums.

  • ✓ Covered Calls
  • ✓ Cash-Secured Puts
  • ✓ Share Positions

Campaign Management

Organize trades by ticker into campaigns. See the complete history of your wheel cycles from puts to calls and back again.

  • ✓ Group by Ticker
  • ✓ Full Trade History
  • ✓ Archive Completed

Adjusted Cost Basis

Automatically calculate your true cost basis including all premiums collected. Know exactly what price you need to profit.

  • ✓ Auto-Calculated
  • ✓ Premium Adjusted
  • ✓ Commission Tracking

Dividend Tracking

Log dividend payments for your share positions. See total dividends collected per campaign and across your entire portfolio.

  • ✓ Per-Position Tracking
  • ✓ Timeline View
  • ✓ Total Summaries
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Multiple Accounts

Manage positions across multiple brokerage accounts. Keep your IRA, taxable, and other accounts organized separately.

  • ✓ Unlimited Accounts
  • ✓ Easy Switching
  • ✓ Default Account
How It Works

The Wheel Strategy, Visualized

A proven income-generating strategy, now easier to track than ever

1

Sell Cash-Secured Puts

Start by selling puts on stocks you want to own. Collect premium while waiting for assignment.

Collect Premium
2

Get Assigned Shares

If the stock drops below your strike, you buy shares at a discount (strike minus premium received).

Acquire Stock
3

Sell Covered Calls

With shares in hand, sell calls above your cost basis. Collect more premium while holding.

Generate Income
4

Repeat the Cycle

When shares are called away, return to step 1. The wheel keeps turning, generating consistent income.

Rinse & Repeat
Learn More About the Strategy →
Dashboard

Your Portfolio at a Glance

Get instant visibility into your entire options portfolio. Our dashboard provides real-time metrics and beautiful visualizations to help you make informed decisions.

Portfolio ValueCurrent value of all positions
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Unrealized P/LTrack gains and losses in real-time
Expiration AlertsContracts expiring within 7 days
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Net PremiumTotal premium collected
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Stocksicle Dashboard Preview

Roll Positions

Easily roll your options to new expiration dates while tracking the full history.

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Allocation Charts

Visualize portfolio distribution across tickers and position types.

Trade History

Complete audit trail of all your trades, edits, and position changes.

Ready to Master the Wheel?

Join traders who are already tracking their options portfolio with Stocksicle. Start for free today.

No credit card required. Free forever for basic features.