Every cash-secured put and covered call, with premium folded into a rolling cost basis and true per-cycle profit, the numbers your brokerage statement will never show you.
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Selling a cash-secured put, getting assigned, writing a covered call, rolling | Telemetry records each leg and links them into a single wheel cycle. You see the whole strategy as one position, not scattered trades.
Sell cash-secured put
collect $1.20
Assigned
100 shares @ $50
Sell covered call
collect $0.85
Called away
+$182 this cycle
Every premium you collect lowers your effective share cost. Telemetry keeps a rolling adjusted cost basis so you always know your real break-even, not the price you were assigned at.
See exactly what each cycle earned and how much collateral it tied up. A covered call on assigned shares inherits the original put's collateral, so returns are measured against the capital actually at risk.
Cycle #3
Closed+$182
Collateral
$5,000
Annualized
29.2%
The wheel is selling cash-secured puts on a stock you're willing to own, taking assignment if it drops, then selling covered calls on the assigned shares until they're called away, collecting premium at each step. Telemetry tracks the full cycle and what it actually earns.
Every premium collected on the underlying reduces your effective share cost. Telemetry rolls these together so your break-even reflects all the income the wheel has generated, not just the assignment price.
Yes, rolls, assignments, and the collateral relationship between a put and a later covered call are tracked as one continuous cycle.
Free while we're in early access, with no credit card and no time limit.
Start free →Every account and asset on one timeline, trended over time.
Automatic categorization, burn-rate tracking, and a clear cash-flow view.
Cost basis, P&L, and a real options-wheel tracker.
Sinking funds with pace tracking, earmarks, and recurring goals.
Ask plain-English questions and get answers from your own data.
Split a charge into line items to see what you bought, not just where.
Sync accounts read-only, or bring your history from another app.
Read-only access, per-household isolation, no data selling.
