WealthWatch turns every open cash-secured put and covered call you hold into a single tile — premium collected, live P&L, days to expiry, delta, and assignment odds. Green means take profit, amber means gains are capped, red means it needs attention. Scan the whole wheel in seconds and go straight to the position that matters.
Built from positions you already hold. For your own research — not financial advice.
Every position scored green (at/above the 50% profit target), amber (gains capped or near expiry), or red (ITM, high assignment odds, or underwater). The board sorts attention-first.
Entry credit collected against current mark-to-market value per position, plus aggregate premium, open P&L, and daily theta across the whole wheel.
Estimated assignment probability from delta, with moneyness (ITM / ATM / OTM) and percent OTM so you can see which puts and calls are at real risk of being exercised.
Days to expiry on every tile and the dollar-per-day theta working in your favour, so the near-expiry pin-risk positions surface before they bite.
Spot a position that needs managing and jump straight into Quick Roll to compare extend-and-collect scenarios — out in time, up or down in strike.
See whether your short puts are actually cash-secured: notional vs available cash, worst-case and probability-weighted exposure, grouped by expiry.
The wheel is one part of a full options workflow. Explore the rest.
The wheel is a premium-selling cycle: sell a cash-secured put on a stock you would be happy to own, collect the premium, and if assigned you take the shares and sell covered calls against them until they are called away — then repeat. WealthWatch tracks every leg of that cycle automatically from your linked broker.
Each open short position is scored on its own data. Green means it is at or above the common 50% profit target. Amber means gains are largely captured or it is close to expiry. Red means it is in or at the money, has high assignment odds, or is currently underwater.
Every open short put and short call across your linked accounts, each with strike, premium collected, mark-to-market P&L, days to expiry, daily theta, and estimated assignment probability from delta.
Any broker WealthWatch connects to: Wealthsimple, Questrade, Interactive Brokers, TD, Fidelity, Schwab, E*TRADE, Robinhood, Webull, and thousands more via OAuth, plus CSV import for the rest.
No. The Wheel Dashboard is an analytics tool you operate over positions you already hold. It surfaces status and risk metrics for your own research and does not recommend trades.