Wheel Cycles: CSP → Assignment → Covered Calls

What Wheel Cycles is for

Wheel Cycles groups related cash-secured puts, assignments, and covered calls into one run per symbol (and portfolio). Instead of reading a flat trade log, you see each wheel from start to finish — premium collected, basis, total return, and what's still open.

Open it from the sidebar at Wheel Cycles. The feature is marked Beta while we keep refining grouping edge cases.

Active, Paused, and Closed

Use the tabs at the top of the section:

• Active — runs with an open CSP or CC, or shares waiting for a first covered call.
• Paused — runs with no open leg for 50+ days (idle but not finished).
• Closed — finished wheel runs (shares called away, sold, or the cycle otherwise completed).

Counts on each tab update as your book changes. Parallel wheels on the same ticker (for example two lots) show as separate runs when the tracker can tell them apart.

Timeline cards and metrics

Each cycle card shows a timeline from CSP through assignment and covered calls (including rolls), plus headline metrics above the timeline:

• Cycle days — how long this run has been alive.
• Capital — dollars backing the cycle.
• Annualized return — efficiency normalized to a yearly rate.
• Premium collected — credits attributed to the run.

Scan metrics without opening a separate details view. Download a PNG from a card when you want a shareable snapshot for review or notes.

Search and sort tickers

Dense portfolios get a ticker search box plus sort controls:

• Default sort is A–Z.
• Switch to Most active when you want busy runs first.

Type a symbol to filter the list instantly — useful when you run many wheels at once.

How basis ties in

Wheel Cycles uses the same cost basis ideas as Stock Basis. When a run has no assigned puts (for example you started with shares), broker equity cost or your edited basis still feeds the cycle math.

A weekly habit

1. Open Active — anything expiring soon or incomplete?
2. Check Paused for lots you meant to restart.
3. Skim Closed after call-aways to confirm total return looks right.
4. Jump to Opportunities if an open leg needs a roll or uncovered shares need a call.