The Trading Journal Built for The Wheel Strategy
If you trade The Wheel, you know spreadsheets break the moment you get assigned. QuantLog automatically links every step of the cycle — cash-secured put → assignment → covered call → called away — into one trade group with the correct cost basis.
Why The Wheel needs a dedicated journal
The Wheel is one strategy that lives across multiple positions: a CSP becomes stock when assigned, then becomes a covered call, which can be rolled, assigned away, or expired. Generic journals show this as 5+ unrelated trades. QuantLog shows it as one evolving position with true effective cost basis at every step.
Auto-linked Wheel cycles
Sell a CSP, get assigned, write a CC, get called away — QuantLog links all of it. See premium collected, true breakeven, days in trade, and final realized P&L for the entire cycle, including dividends collected while holding the stock.
Track assignment & called-away rates
Know which tickers assign on you most often, which CSPs expire worthless, and which CCs get called away. This is the data that lets you refine strike selection and DTE for your specific Wheel approach.
Dividends count too
Stock you held during a Wheel cycle paid dividends? QuantLog imports them from your broker CSV and includes them in the trade group's total realized P&L — so you see your actual return, not just options premium.
Wheel strategy journal — FAQ
Does QuantLog auto-link Wheel cycles?
Yes. CSP → assignment → covered call → called away is automatically grouped into one position with effective cost basis at every step.
How is break-even calculated?
Net premium collected from all legs is subtracted from the assigned strike, then dividends are subtracted as well, giving you true effective cost basis.
Can I track multiple Wheel positions on the same ticker?
Yes. Each cycle is its own trade group, and you can see them all on the position view for a given symbol.