Trading Options Wheel Strategy Spreadsheet v2024 – Google Sheets – Excel

Ever felt that feeling, knowing you’re missing out on better decisions, better results and higher profitability when executing the options wheel strategy? Have you ever found yourself lost in a sea of numbers, wondering if you’re truly profiting?

Ever wondered what you’re missing by not meticulously tracking your wheel strategy trades?

Not tracking the trades of a wheel strategy in a spreadsheet can lead to a number of challenges and missed opportunities. Navigating the world of options trading to improve your investing results and profitability can be overwhelming. It’s not just about executing the right trades, but also about keeping a clear record of every move.

Without a clear tracking system, it’s easy to miss out on profitable trades or worse, not realize when you’re consistently making losses. Manual tracking is tedious, time-consuming, and often riddled with errors. It’s like trying to drive at night without headlights – you’re bound to hit a roadblock sooner or later.

To keep a good overview of the profitability while applying the options wheel strategy, I have developed a spreadsheet completely customised for this option wheel strategy: Introducing my Trading Options Wheel Strategy Tracker Spreadsheet! A one-stop solution to seamlessly monitor and calculate results, calculate the exact cost basis, and make informed trading decisions.

With this dedicated spreadsheet, you’ll not only save precious time but also gain the confidence that comes from having a crystal-clear overview of your trading journey. Say goodbye to guesswork and hello to decisions based on clear calculations of a specialised spreadsheet!

Here are the main features and how you will benefit of this dedicated spreadsheet:

1. Automatic Results Dashboard for as many stocks as you want:
   • Get a real-time and instant overview of your wheel trade results, your profit, and overall strategy effectiveness.
   • The dashboard provides instant info about your profitability : without tracking, you won’t have a clear understanding of your total profits or losses. This makes it difficult to evaluate the effectiveness of your strategy.
   • Performance analysis : Over time, you’d want to know which trades or strategies worked best for you. Without proper tracking, this analysis becomes challenging, if not impossible.
2. Detailed Trade History:
   • A record of past trades can offer valuable insights. By not tracking, you miss out on the chance to review and learn from past mistakes or successes.
   • Dive deep into past trades to analyze what worked and what didn’t.
3. Automatic Cost Basis Calculator:
   • Tracking your trades in a spreadsheet helps in accurately determining automatically the cost basis of your positions. Without this, you might miscalculate your profits, losses, and allows correct choice of strike prices.
   • Automatically computes your cost basis of the shares in your possession, ensuring accuracy every time.
4. Cash Flow Management: The wheel strategy involves both buying and selling options. Without tracking, it’s easy to lose sight of your cash flow, which is crucial for maintaining liquidity and managing margin requirements.
5. Improved Decision-making:
   • Access to a clear overview of your trades and their outcomes can guide future decisions. Without this information, you’re essentially trading blind.
   • When running the wheel strategy, you might have multiple wheel strategies running for different stocks at different strike prices and expiration dates. Not tracking methodically can lead to confusion and potential mismanagement of your positions.
   • Tracking helps you stay disciplined by showing the results of sticking to a strategy versus making impulsive decisions.
   • Better adjustments: sometimes, the wheel strategy requires adjustments, like rolling out positions. Without a clear record, you might forget or mishandle these adjustments.
6. User-Friendly Interface:
   • the spreadsheet is designed for and by a wheel strategy option trader
   • designed with both beginners and pros in mind.

Not tracking the trades of a wheel strategy can lead to a lack of clarity, potential financial missteps, missed learning opportunities, and difficulties in strategy optimization. A well-maintained and dedicated spreadsheet will provide a comprehensive overview, helping you make informed decisions and maximize your profitability.

The spreadsheet includes transaction data, calculations for commission fees, cash dividends, open options, cash allocation to short puts, net profit calculations for shares and options and annualised return on capital.
Basically all you need to keep a good overview of the wheel strategy.

The spreadsheet is customisable to your liking in Google Sheets (and Excel)

Full instruction video available on our Youtube channel : https://youtu.be/oPGIx11PGfA

The option trading wheel strategy explanation page is available on our website

This is the comprehensive version ready for 2024 and is a spreadsheet intended for stock options (not futures).

This spreadsheet is covered by our 100% Money Back Guarantee – Our 30 Day Assurance (*)

Thinking about the price? This tool pays for itself!

This spreadsheet is available FOR LESS than the price of one winning option trade (!) This makes that the tool will easily pay for itself multiple times, and which could make it your highest returning investment this year!

This spreadsheet was created with one goal in mind : be the most valuable trading options wheel strategy spreadsheet available on the market.

So Secure Your Edge NOW! Click “Add To Cart” and embark on a streamlined, informed, and profitable trading journey.

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