Model a full wheel cycle — cash-secured put → assignment → covered call → called away.
All results update instantly as you type.
✎ Trade Inputs
Enter your researched call premium after assignment
📈 Put Step — Assignment & Expiration Math
Intrinsic Value of Put Now ($/share)—
Extrinsic Value of Put Now ($/share)—
Max Put Profit ($)—
Break-even if Assigned ($/share)—
Net Basis if Assigned ($/share)—
Net Basis if Assigned ($ total)—
Cash Needed if Assigned ($)—
P/L if Put Expires at Current Price ($)—
Assignment Likely at Expiration?—
📈 Covered Call Step — After Assignment
Covered Call Premium Entered?—
Upside Capped at Call Strike?—
New Basis if Call Expires Worthless ($/share)—
New Basis if Call Expires Worthless ($ total)—
▶ Full-Cycle Profit Breakdown — Put → Assigned → Covered Call → Called Away (scroll down to view)
Profit components (per share)
① Put Premium Collected—
② Covered Call Premium Collected—
③ Stock Gain / (Loss) when Called Away (Call Strike − Net Basis)—
Total Wheel Profit ($/share)—
Total Premium Put + Call ($/share)
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Total Wheel Profit ($ total)
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Return on Capital (% of put strike)
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Annualized return
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Weekly income (this trade)
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Monthly income (projected)
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Assignment probability (delta)
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📊 Expiration Scenario Table
Outcomes at different stock prices at put expiration, using your entered call strike and call premium.
Scenario
Stock Price at Expiry
Put Intrinsic ($/sh)
Put P/L ($)
Assignment Likely?
Net Basis ($/sh)
Full-Wheel Profit ($)
How to read this table: "Put P/L" shows the result of the put leg alone at expiration.
"Full-Wheel Profit" shows the total gain from the entire cycle — put premium + call premium +
stock gain when called away — and requires both a Call Strike and Call Premium to be entered above.
📐 Greek Analysis: Enter your trade details above, then click the button below to score this trade's theoretical Greek profile. A disclaimer will appear first — educational purposes only.
📊 Educational analysis only. Scores are based on Black-Scholes theoretical models. Not a trade recommendation. Main Street Income Academy does not guarantee any outcome. Conduct your own analysis.
Overall Greek Profile Score (Theoretical)
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Enter trade details above then click Analyze Greeks.
Delta Δ
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—/5
Gamma Γ
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—/5
Theta Θ
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—/5
Vega V
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—/5
Rho ρ
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—/5
Score Guide: 5 = Very favorable theoretical profile | 4 = Favorable | 3 = Neutral | 2 = Less favorable | 1 = Unfavorable for income sellers.
Weights: Delta 35% · Theta 30% · Gamma 20% · Vega 10% · Rho 5% | Implied volatility estimated from your premium input. These scores are theoretical and not predictive of actual trade outcomes. Not a recommendation to buy or sell any security. Always conduct your own analysis.
⚠️ Important Disclaimer
The Greek scores displayed are theoretical calculations based on the Black-Scholes pricing model using the inputs you provide.
They are for educational purposes only. Main Street Income Academy does not recommend any specific option trade based on these scores.
All scores reflect mathematical models — not predictions of future performance. Options trading involves substantial risk of loss, including the possible loss of principal.
Always conduct your own analysis and consult a qualified financial professional before placing any trade.