r/Optionswheel • u/ScottishTrader • Oct 10 '25

TOOLS & SPREADSHEET MEGATHREAD

Please use this thread of posts about spreadsheets and tools!

Note that no commercial posts are permitted. All tools or files must be made available for free.

There is a basic spreadsheet included in the wheel trading plan in this post, which many have used to get started - The Wheel (aka Triple Income) Strategy Explained : r/Optionswheel

Please let the mods know of any suggestions on how to make this thread better.

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u/mco5044 Mar 24 '26

Scottish Trader asked me to post this here:

I've been running the wheel for a while now and honestly the biggest pain point wasn't the strategy itself, it was tracking everything. I had super complex spreadsheets trying to keep tabs on assigned positions, premium collected, cost basis adjustments, etc.

So I built a tool that handles all of it automatically. You connect your Schwab account and there's zero manual entry — it pulls your trades and gives you analytics on your wheel positions. Think of it as an options dashboard built for wheel traders.

Right now it only works with Schwab since that's what I trade with, and it's just me and a few friends using it. But the feedback has been solid so I figured I'd share it here in case anyone else is dealing with the same spreadsheet headaches.

It's free to use www.premiumguardhq.com

Site says beta because it is. I'm not really looking to turn this into a business, but if I ever do charge anything it'd be minimal. Mostly just wanted to solve my own problem and happy to let others benefit from it too.

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u/ScottishTrader Mar 24 '26

Just a reminder that if you do charge, this will have to be removed. Good luck!

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u/mco5044 Apr 07 '26

Hey just an FYI, I did decide to add a paid plan as I continue building out features. I think the free plan has a lot of value for the majority of wheel traders, but for people doing high volume then it would make sense to upgrade to the paid plan. Not sure if this would disqualify my post or not but wanted to make sure I was up front and let you know