Guides

The bookkeeping half of the wheel

The strategy is simple. Keeping an honest record of it is the work. These are the parts people get wrong, written down once.

Updated 13 Oct 2026

How to track wheel trades after assignment

What to record per lot, the two bases, where the record goes wrong, and a spreadsheet layout that works.

Cost basis after a cash-secured put is assigned

One lot through a full cycle, every number shown, the tax view and the wheeler's view side by side.

A covered call tracker for E*TRADE, Robinhood, Fidelity and Schwab

What the broker screen leaves out, what a tracker has to do, and how a read-only connection works.

Nothing here is investment, tax or legal advice. E*TRADE, Robinhood, Fidelity and Schwab are trademarks of their owners; Wheelwright is not affiliated with or endorsed by any of them.