Wheel Options Tracker: Google Sheets

Spreadsheet to track the selling of cash secured puts, covered calls and the buying and selling of stock using the Options Wheel Strategy.

💰 Join the members only chat room:   / drawbridgefinance  
📈 Check out my other best selling spreadsheets here: https://www.drawbridgefinance.ca
💰 All my links: https://www.linktr.ee/drawbridgefinance

*Digital Download: Google Sheets*
The chart included calculations for commission fees, dividends, open options, cash allocation to short puts and annualized return on capital. A straightforward way to track your Wheel Strategy from initial cash deposit to your final withdrawal.

The Wheel Options Tracker was Updated on Mar 20, 2022:
The version in this video shows calculations for Adjusted Cost Basis and Total Cost Basis which have been replaced by Total Credits for Buying Stock and Total Credits for Selling Stocks as the original formula lead to incorrect results in some situations.


▬ CONTENTS ▬▬▬▬▬▬▬▬▬▬

0:00 Intro
1:34 How to Download the Spreadsheet
3:05 Instructions to Duplicate in Google Sheets
4:04 Start a new trade
5:26 Sell to open Cash Secured Puts
8:32 Expired Cash Secured Puts
10:12 Recording Assigned Puts and stock purchase
11:50 Sell Cash Secured Puts and Covered Calls
15:13 Entering Assigned Covered Calls
16:00 Closing the Trade

▬ BROKERAGES I USE ▬▬▬▬▬▬▬▬▬

►Interactive Brokers: https://www.interactivebrokers.com/mk... (Paid Link)
►Wealthsimple Trade for CANADIANS: Get the cash equivalent of two free stocks https://my.wealthsimple.com/app/publi...


▬ Discount to Seeking Alpha Only $99/annually ▬▬▬▬▬▬▬▬▬

►https://www.sahg6dtr.com/2RSPJ5/R74QP/


▬ GREAT FINANCIAL BOOKS ▬▬▬▬▬▬▬▬▬

► Unlucky Investor’s Guide to Options Trading(Pre Order): https://amzn.to/3ETWQpa
► Think and Grow Rich: https://amzn.to/2t285sL
► The Wealthy Barber: https://amzn.to/2sW9XTM
► The Millionaire Next Door: https://amzn.to/2HB6DTk
► Rich Dad Poor Dad: https://amzn.to/2y5rD4S
► Getting Started in Options: https://amzn.to/2LEJzWe
► Smart Couples Finish Rich: https://amzn.to/2Eu1qgr
► The Automatic Millionaire: https://amzn.to/2HcC5KU


▬ Cameras ▬▬▬▬▬▬▬▬▬

► My New Canon RP: https://amzn.to/3mQwkqf
► My New Canon 35mm Lens:https://amzn.to/3mRmg0d
► Canon 80D: https://amzn.to/2HxdGNL► Canon EF-S 18-135mm: https://amzn.to/2FhwsXd
► Canon EF 50mm: https://amzn.to/2UyB5HM
► Canon EF 100mm: https://amzn.to/2SnOjEG
► Canon EF-S 10-18mm (VLOG Lens): https://amzn.to/2HuQ6B4

▬ Live Stream Gear: Video ▬▬▬▬▬▬▬▬▬

► Atem Mini Pro: https://amzn.to/3zRhJjA
► Glide Gear Teleprompter: https://amzn.to/3FSYnNl
► Elgato Stream Deck XL: https://amzn.to/3FMYV7t
► Manfrotto Tripod with Video Head: https://amzn.to/3bi67tr
► Andoer GVM GP-80QD Slider: https://amzn.to/2qZtXUo

—— As an Amazon Associate I earn from qualifying purchases ——

Subscribe to Drawbridge Finance on YouTube: https://www.youtube.com/c/Drawbridgef...

My primary investment strategy is long term high yield dividend investing, index funds and reducing risk and exposure using options. I have been actively trading the stock market for over 25 years and have built most of my wealth by reinvesting my dividends and following my 14 Personal Rules of investing. I actively trade options on both the American and Canadian Stock exchanges using options strategies and buying and holding high yield dividend paying stocks.

I generate monthly income in two ways. Averaging more than an annual 7% return by collecting dividends on high yield dividend stocks that I hold. The second income stream comes from the selling of option premium and taking advantage of theta decay. I love trading strangles, Iron condors and diagonal spread for maximizing returns. Delta neutral strategies allows me to make money in both bull and bear markets and limits my risk. Both of these strategies are suitable for passive income and create a stable predictable safe passive monthly income.

Want to learn how to trade stocks and make more money? This channel is dedicated to increasing investment returns and building wealth by passively trading in the stock market. If you’re tired of poor performance then make sure you subscribe to Drawbridge Finance https://www.youtube.com/c/Drawbridgef... I produce weekly videos for the beginner trader and use simple explanations to learn how I buy and sell stocks for profit.

Let’s Get Rich Together
Levi Woods

Disclaimer: I am not a financial planner and am not offering investment advice. This is an opinion channel only and should not be taken as any form of financial advice. I receive a small commission from the purchase of any item from using the links listed above. There are financial risks involved in taking on any monetary transaction that I discuss in my videos.

#options #stockmarket #LetsGetRichTogether