Options Portfolio Tracker
See Your Entire Options Portfolio at a Glance
Running the wheel strategy across multiple tickers means juggling a mix of short puts, covered calls, and assigned share positions simultaneously — each with its own expiration, delta, and risk profile. When you're managing five or ten positions at once, a broker's default options view quickly becomes overwhelming. You need a portfolio-level perspective that aggregates the pieces.
The Option Wheel Logic portfolio tracker provides that perspective. Every position you log through the wheel tracker flows automatically into the portfolio view, which shows your net delta exposure, total theta decay working in your favor, aggregate premium collected, and sector concentration — all on one screen. The expiration timeline prevents positions from expiring unmanaged. The sector heatmap flags when you've accidentally concentrated too much capital in a single industry.
Assignment probability estimates for all open short puts let you plan capital allocation for the coming weeks — so you're never surprised by a sudden assignment that strains your buying power. When a put is assigned, the position transitions automatically to the covered call tracker with the correct cost basis intact. Explore the individual components: cash-secured put screener, covered call screener, and the wheel strategy tracker.
- Unified view of all open options positions — puts, calls, and assigned shares
- Portfolio-level net delta, theta, and margin utilization at a glance
- Sector and ticker concentration heatmap to identify over-exposure
- Total premium collected and unrealized P&L across all positions
- Upcoming expiration timeline so nothing falls off your radar
- Assignment probability estimates for all open short puts
- Integrated with the wheel tracker — positions flow automatically from trade log
- Mobile-friendly dashboard for monitoring positions on the go
Portfolio-Level Risk: What to Monitor and Why
Net delta. Delta measures how much your position value changes per $1 move in the underlying. At the portfolio level, net delta tells you your total directional exposure. A portfolio of eight short puts has significant positive delta — when the market falls 3%, every position loses ground simultaneously. Monitoring net delta helps you understand how much of your portfolio return is driven by market direction versus pure premium income, and where to add protective positions if concentration gets too high.
Sector concentration. The wheel strategy's resilience depends partly on diversification across uncorrelated sectors. Tech stocks tend to move together; so do financials, energy, and consumer discretionary names. If six of your ten positions are tech companies, a sector rotation or a macro event affecting tech will impact all six simultaneously. The portfolio tracker's sector heatmap makes concentration visible before it becomes a liability.
Expiration clustering. Having three or four positions expiring in the same week compresses all your management decisions into a two-day window — roll analysis, assignment decisions, new covered call placement, and capital reallocation all at once. Spreading expirations across the calendar smooths the workload and reduces the risk of making rushed decisions under time pressure. The expiration timeline view makes it easy to see clustering and stagger future trades accordingly.
Assignment probability. Each open short put displays an estimated assignment probability based on delta. Summing assignment probabilities across all open positions gives you an expected number of assignments in the current expiration cycle — useful for planning how much capital to keep available for potential share purchases. If five positions are expiring this week with a combined expected 2.1 assignments, you know to have capital ready for approximately two assignment events.
Frequently Asked Questions
Common questions about the options portfolio tracker.
The options portfolio tracker gives you a unified view of all open positions — short puts, covered calls, and assigned shares — with portfolio-level metrics including net delta, total theta income, total premium collected, sector concentration, and upcoming expirations. It aggregates everything across all your wheel cycles so you always know your total exposure and income at a glance.
The wheel strategy tracker focuses on individual trade cycles — logging each CSP and CC leg, tracking cost basis, and calculating full-cycle P&L from open to close. The options portfolio tracker zooms out to the portfolio level, showing aggregate risk, concentration, and income metrics across all open positions simultaneously. They work together: the trade log feeds the portfolio tracker automatically.
Net delta is the aggregate directional exposure of your entire portfolio. A portfolio of ten cash-secured puts has positive delta — it gains when stocks rise and loses when they fall. If your net delta is very high and the market drops 5%, your unrealized losses across all positions could be larger than your total premium buffer. Monitoring net delta lets you see concentration risk before it becomes a problem, and adjust position sizing or sector allocation accordingly.
The expiration timeline shows all upcoming option expirations across every open position, sorted by date. This lets you see at a glance whether three positions are expiring in the same week — which means simultaneous roll or close decisions, potential assignment events, and new covered call openings all competing for your attention. Staggering expirations across weeks and months is one of the most underrated wheel strategy management techniques, and the timeline makes it easy to plan.
Concentrating too many wheel positions in a single sector creates correlated risk. If five of your ten positions are tech stocks and the sector rotates, you could face simultaneous assignment across all five — tying up large amounts of capital in shares that are all declining together. The sector heatmap shows your exposure distribution across tech, financials, energy, consumer staples, and other sectors so you can diversify before concentration becomes a risk.
Option Wheel Logic uses manual trade logging rather than direct broker integration, which keeps your account credentials private and works with any brokerage — Schwab, Fidelity, Robinhood, IBKR, and others. Logging a trade takes under 30 seconds, and all positions flow through to the portfolio tracker automatically. This approach also ensures your trade records are always accurate, since automated imports can misclassify complex multi-leg events like rolls and assignments.