Adjusted Stock Basis: Your Real Cost Per Share
See how collected premiums lower your effective cost basis on every stock you own.
Why adjusted basis matters
The whole point of the wheel is that every premium you collect lowers what you effectively paid for your shares. Adjusted Stock Basis does that math for you, so you always know your real break-even — not just what the broker shows.
Reading the table
Stocks are grouped by portfolio (each broker gets its own card). For every symbol you'll see:
- Initial / sh — your original cost per share.
- Adj. / sh — cost per share after subtracting collected premiums.
- Premiums (net) — total credits attributed to that stock.
A row marked "Cost basis needed" means the tracker has premium data but doesn't yet know your share purchase price — add it so the adjusted number can be calculated. Click any row for the full breakdown.
Set your cost basis
For manual holdings, use the row's action to enter your average purchase price. For synced accounts, the basis usually comes from your broker, but you can override it if a transfer or corporate action threw it off.
A quick example
Buy 100 shares at $148 and later collect $200 in premiums against them, and your adjusted basis drops to $146/share. Keep selling calls and it keeps falling — that's the wheel compounding in your favor.
Frequently Asked Questions
What does 'Cost basis needed' mean?
It means the tracker knows the premiums you've collected on that stock but not the price you paid for the shares. Add your average cost (via the row's action) and the adjusted cost per share will be calculated automatically.
Does adjusted basis include assignments?
Yes. Premiums from puts that were assigned and calls written against the resulting shares all flow into the net premium that reduces your effective cost per share.