Review criteria
- +Cash-secured puts through assignment to calls
- +Adjusted cost basis after premium
- +Per-cycle profit math
- +Works in Google Sheets and Excel
Wheel Strategy Tracker in Options Trader
The Wheel Strategy Tracker is a copy-ready spreadsheet for options trader that tracks puts, assignments, covered calls, cost basis. It opens unchanged in both Google Sheets and Excel, needs no add-ons or macros, and takes about 10 minutes to set up.
Last updated: October 2026
Excel workbook · opens in Google Sheets · 3 tabs · no sign-up
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What’s inside “Wheel Strategy Tracker”
Tabs: How to use · Trades · Cost basisFormat: Excel (.xlsx) · opens in Google SheetsSetup: About 10 minutesColumns: 12
Columns (grey = calculated for you)
- Open date
- Ticker
- Leg
- Strike
- Contracts
- Premium per share
- Expiration
- Status
- Close cost per share
- Net premium
- Cash secured / shares value
- Days to expiration
- Open the Trades tab and replace the sample rows with your own — one row per entry. Formulas fill in automatically for new rows.
- Log each leg (put, assignment, call) with premium and status; Adjusted cost basis subtracts all premium collected on the ticker.
- Record-keeping only, not investment advice. Options carry significant risk, and tax treatment of premiums and assignments is complex; check with a tax professional.
- Using Google Sheets? Upload the file to Google Drive, then open it with Google Sheets (or File → Import in an open sheet). Formulas, dropdowns and highlights carry over.
The file opens locally on your device — nothing is uploaded, and you own the copy outright.
Wheel Strategy Tracker
About this template
It is built for people who want results without another subscription: traders running the wheel strategy. The whole template is free to copy — there is no paid tier. Because it is a plain spreadsheet, you own your data outright and can shape every column to how you actually work.
Review evidence
What to verify before choosing Wheel Strategy Tracker
Use the review criteria below to decide whether this template fits your workflow.
Often worth considering when
- +Traders running the wheel strategy
- +Anyone tracking adjusted cost basis
Pause before choosing when
- -Live option pricing
- -Automated rolling
About Options Trader
Why people consider this option
- +Journal options trades without a paid platform
- +Track premium income and assignments your way
- +Keep every leg and roll in a file you own
What to review before acting
- -No options-chain data or Greeks without a tool
- -Complex spreads eventually want dedicated software
Trust FAQ
Questions people ask before copying a template
Does the Wheel Strategy Tracker work in both Google Sheets and Excel?
Yes. It is built with standard functions and no macros, so it opens and works the same in Google Sheets or Microsoft Excel — on desktop or your phone.
Is the Wheel Strategy Tracker really free?
The core template is free to copy and use. There is no paid tier — download the Excel workbook, replace the sample rows with your own, and you are ready to work.
What does the Wheel Strategy Tracker track?
It tracks puts, assignments, covered calls, cost basis. The workbook comes with these columns plus the formulas, dropdowns and highlights already set up. Replace the sample rows and the totals update as you go.