u/BossMan764

Hey Everyone,

Been running the wheel since early August 2025 where initially I got off to a bumpy start. However after spending some time researching and watching some YouTube series, felt like I was able to get a hand of things pretty quick. However, I wanted to ask about the items in the title to get a sanity check on myself, my performance, and how everyone else tracks their work.

Currently, I track all my work in excel. Listing out every trade, transaction date, strikes, premiums, net cash (premium minus a $1 fee per contract on Vanguard), yada, yada. I’ve leveraged Gemini a lot to help me reason through some calculations within my tracker to make sure I am tracking my performance correctly and been recording all the right statistics.

However, across any LLM always make it seem like “You are exactly right” & “Yeah! That’s the right mindset”. So knowing that I am 276 days into running the wheel, I wanted to get a pulse check on myself to see if how I am calculating annualized RoR makes sense. Further, I wanted to see if anyone has a good tracking solution or program.

First, Annualized RoR. The formula I have been using is:
{[Total Profit/Allocated Capital]*[365/Trading Days]}

For terminology:

1. Total Profit: Been tracking the net proceeds of all premiums collected (premiums minus fees, rolled option debits/credits) added with realized gains/losses on exercised contracts
2. Allocated Capital: The cost basis, not break even point, for the tickers I run my CCs/CSPs on.
3. Trading Days: Pure calendar days since my first transaction in August

Note: When calculating my realized gains and losses, I determine what my BEP is by taking my cost basis and subtracting out the premium I get per contract sold on each ticker. Figured that knowing a BEP for tickers I have cost basis above current price gives me more insight into picking better strikes as I can then pick higher premium strikes at below my cost basis if still above my calculated BEP. Hopefully that makes sense. This is also how I determine gains/losses on exercised contracts as well as it lets me see my “opportunity” losses on stocks that rip or nose dive over the life of a contract.

With those factors in mind, first question, is that even the right approach to calculating annualized RoR? Leveraged both Gemini along with other googling/LLM to come to that formula, but looking for other confirmation.

Further, and without going into a ton of financial details here, I am currently calculating a 55.97% Annualized RoR as of today. I mainly trade weekly contracts so it’s a high number and have been focusing on more high IV tickers (biggest winners have consistently been RKLB, ASTS, IONQ, NBIS, MP). According to Gemini, that RoR is insane. Maybe it’s beginners luck still 3/4ths of a year into this process, but it really doesn’t feel like I am doing anything that ground breaking weekly to find strikes I like at lower deltas with high IVs to get a solid premium yield / annualized yield per contract sold.

In summary, wanted to pulse check my RoR calculation as well as ask everyone else to see how realistic that number truly is. It sounds crazy high and feels crazy high, but without anyone to actually talk to about this other than LLMs, I do not feel like I have a good reasoning board to discuss this with.

Lastly, trade trackers. Does anyone have a good recommendation? Ideally, I can find one where historical upload of my trades is possible along with ease of entry for new trades going in weekly (I average about 5-7 trades on Mondays with about 10-14 contracts open at once).

Thanks in advance and apologizes for some bad formatting. Might have a few edits to make once it posts as I’m firing this all off from my phone.