WHEEL GUIDE HELP Try it free
OPTION WHEEL · TRACKER

Premium collected isn't your return.
ROI on committed collateral is.

Most wheel tracking dies at the first roll — the closed leg and the new leg become two unrelated rows, and your real return disappears between them. RiskGlass stitches every put, roll, assignment and call-away into one cycle, scored against the collateral it actually tied up.

Try it free — no card, ever or watch the 9-min walkthrough ↓
Free during beta · read-only by design · manual entry, no broker connection needed
RiskGlass wheel tracker — open collateral, realized earnings, weekly ROI, win rate and open positions
A live wheel book: committed collateral, realized earnings, this week's ROI on average collateral, win rate by cycle — one strip.

What your spreadsheet can't tell you

Cycles, stitched

A roll is not a new trade

Put → rolled → assigned → covered calls → called away is one position in one ledger. Roll credits chain, assignments convert collateral into the share lot, and nothing is double-counted.

Honest ROI

Scored on committed capital

Every cycle's P/L is divided by the collateral it locked up, annualized by the days it was actually at risk — not premium totals, not moon math.

Beyond the wheel

Full options analytics

Portfolio Greeks in dollars, payoff modeling, expiry ladder, safety distance on every open leg — plus the rest of your book: equities, perps, wallets, prediction markets.

A completed wheel cycle with the math expanded — premiums, share P/L, ROI on committed collateral, annualized
A completed cycle with “the math” expanded: premiums + share P/L ÷ collateral committed = 14.3%, annualized by real days held — every number reproducible by hand.
Every event is one tap. Sold a put? Rolled it? Assigned? Sold calls against the shares? Called away? Each is a single entry — the engine keeps the ledger, the weekly targets, the archive by year, and the lifetime ROI per ticker. Undo included, for fat fingers.

See the whole thing in 9 minutes

▶ The full walkthrough — empty book to completed cycle, every metric explained
Wheel tracker walkthrough video ▶ Watch on YouTube — 9 min

Rather read? The written wheel guide covers the strategy and the formulas — useful even if you keep your spreadsheet.

Run your wheel. Let the engine keep score.

Free during beta — no card, ever. Sign in with your email and the whole app is unlocked: wheel tracker, options analytics, the lot.

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