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The Wheel Strategy Tracker Built for Income Traders

Track every spin of your wheel — covered calls, cash-secured puts, adjusted cost basis, monthly income, and 50% BTC alerts — all in one AI-powered dashboard. No spreadsheet needed.

Start Tracking Free → See Full Demo

★★★★★ Trusted by 500+ wheel traders · No credit card required

PatternTrader AI — Wheel Tracker

LIVE

MTD Income

$2,649

Win Rate

87%

Portfolio

$94,200

Wheel Cycles — Adjusted Basis

SOFI

CSP $15→ CC $16→ CC $17 ✦→ Next?

adj $14.12

NCLH

CC $18→ CC $22 ✦→ Next?

adj $14.87

Open Positions

Ticker	Type	Strike/Exp	Premium	Status
SOFI	CC	$17 / Apr 17	$1,230	OPEN
NCLH	CC	$22 / Apr 17	$910	OPEN
INTC	CC	$50 / Apr 17	$564	OPEN

Wheel Strategy Tracker

What Is a Wheel Strategy Tracker?

A wheel strategy tracker is a dedicated tool that logs every leg of your options wheel — cash-secured puts, stock assignments, and covered calls — and automatically calculates your true adjusted cost basis as premium income reduces it over time.

The wheel strategy (also called the Triple Income Strategy) is a systematic options income method where you:

1
Sell a Cash-Secured Put (CSP)
Collect premium. If assigned, you buy shares at a lower effective cost.
2
Hold shares & sell Covered Calls (CC)
Continue collecting premium each month, reducing your cost basis further.
3
Repeat the cycle
If called away, sell a new CSP and start again. Income every single month.

Why You Need a Dedicated Tracker

✓ Spreadsheets break. The wheel has many moving parts — adjusted basis calculations, DTE tracking, 50% BTC alerts. Manual spreadsheets get messy fast.

✓ Your broker doesn't show adjusted basis. Fidelity and Schwab show your original cost — not what it is after 6 months of premium collection.

✓ Income goals need real tracking. If your target is $2,000/month, you need to know exactly where you stand — not guess.

✓ Rules need enforcement. The 50% BTC rule, delta limits, earnings blackouts — an AI tracker enforces these automatically.

Features

Everything Your Wheel Needs

PatternTrader AI tracks every metric that matters to a wheel trader — nothing more, nothing less.

🔄

Full Wheel Cycle Tracking

Every leg of every cycle — CSPs, assignments, covered calls — visualized as a chain per ticker with status and adjusted basis.

Visual cycle chain per ticker
Auto-calculated adjusted cost basis
Cumulative premium per position
Assignment & expiry tracking

📊

Income Analytics Dashboard

Month-to-date income progress, all-time premium collected, monthly bar charts vs. your target, and strategy breakdown.

MTD income vs. goal progress bar
Monthly income bar charts
CC vs. CSP breakdown
Win rate & closed trade P&L

🤖

AI Advisor — Knows Your Portfolio

Ask your AI advisor anything. It knows your actual positions, trades, and P&L — so advice is always specific to your situation.

Daily portfolio briefings
Which CCs to sell next
Rule violation alerts
Income target check-ins

⚡

50% BTC Rule Enforcement

The most important rule in options income trading, automated. Get alerted the moment a position hits 50% profit — never hold to expiry again.

Live profit % tracking per trade
50% BTC price shown always
Expiry countdown alerts
2x loss stop reminders

🏦

Multi-Broker Support

Track positions and trades across Fidelity, Schwab, Robinhood, TastyTrade, IBKR and more — consolidated into one dashboard.

All brokers in one view
Taxable + IRA + Roth IRA
Per-broker P&L breakdown
CSV export for tax season

🔍

AI Income Scanner

Scan the S&P 100 or Nasdaq 100 for your next wheel trade. AI analyzes IV rank, premium yield, earnings risk, and technical setup.

S&P 100 / Nasdaq 100 scans
IV rank & premium yield scoring
Earnings date risk flagging
One-click add to farm

How It Works

Up and Running in 5 Minutes

No complicated setup. Enter your positions and trades once — PatternTrader AI does the rest.

Add Your Positions

Enter your stock holdings — ticker, shares, average cost, broker. Takes 2 minutes.

Log Your Trades

Add each covered call or CSP you sell. Strike, expiry, premium received. That's it.

Track Everything Live

Watch your adjusted basis drop, your income grow, and get alerts when it's time to act.

Ask Your AI Advisor

Get personalized guidance based on your actual portfolio — not generic advice.

FAQ

Common Questions

What is a wheel strategy tracker? +

A wheel strategy tracker is software that logs every leg of your options wheel — cash-secured puts, stock assignments, and covered calls — and automatically calculates your adjusted cost basis, monthly income, win rate, and open P&L. PatternTrader AI is purpose-built for wheel traders.

How is adjusted cost basis calculated? +

PatternTrader AI subtracts all premium collected on a ticker from your original average cost per share. For example: buy 100 shares at $20, collect $200 in covered call premium → adjusted basis is $18/share. Your broker will never show you this — we calculate it automatically.

Does it work with Fidelity and Schwab? +

Yes. You manually log your trades (takes 30 seconds per trade) and PatternTrader AI handles all the calculations. It works with any broker — Fidelity, Schwab, Robinhood, TastyTrade, IBKR, and more.

What is the 50% BTC rule and how does PatternTrader enforce it? +

BTC = "Buy to Close." The 50% rule means you close short options positions when they reach 50% profit rather than holding to expiry. This captures most of the premium in half the time and cuts assignment risk. PatternTrader AI shows a live 50% BTC target price on every open trade and alerts you when it's time to close.

Is there a free plan? +

All paid plans include a full 14-day free trial with no credit card required. There is also a free tier that allows tracking up to 3 positions.