Trading Options for CashFlow

Options enthusiast to financial freedom | Transparently documenting every trade | Sharing everything I learn along my options trading journey

[Trading Options for CashFlow @L2TradeOptions]

Question for option sellers:

What do you track after closing a trade?

Most traders track profit or loss.
But I think that is only the beginning.

I also want to know:

✅ days held
✅ ROC
✅ annualised ROC
✅ buying power used
✅ strategy type
✅ win/loss rate
✅ roll history
✅ open portfolio exposure

That is what helped me move from “I think this works” to “the data shows what is working.”

I built my own options trading journal spreadsheet for exactly that reason.

Comment with the metric you track most, and if you want it, I’ll send you the spreadsheet link + a 25% discount code.

#OptionsTrading
#TradingJournal

[Trading Options for CashFlow @L2TradeOptions]

@TommiPedruzzi Asset

[Trading Options for CashFlow @L2TradeOptions]

@AiandTechHub Send

[Trading Options for CashFlow @L2TradeOptions]

Closed my SOFI puts after 5 days: 23% ROC (1671% annualized).

Sold 4x $14 puts for $288 credit right as SOFI gapped down ~9% on earnings (yes, they beat on revenue, market didn't care 👀).

Bought back today for $0.23, banked $188.

Didn't wait for expiration. Once the market gives you most of the premium, take it and move your capital to the next setup.

This is the wheel: get paid to name your price, let vol (and rebounce) work for you, don't get greedy on the last dimes.

#OptionsTrading #TheWheel #CashSecuredPuts #SOFI #PremiumSelling

[Trading Options for CashFlow @L2TradeOptions]

Unpopular opinion:
🍒 the best options trades are boring 🍒
No adrenaline, no YOLO calls: just picking strikes you're happy to own, collecting premium, and repeating.
🤨 Consistency > excitement.

#OptionsTrading #CoveredCalls #TheWheelStrategy

[Trading Options for CashFlow @L2TradeOptions]

@joshelizetxe checklist

[Trading Options for CashFlow @L2TradeOptions]

@TommiPedruzzi asset

[Trading Options for CashFlow @L2TradeOptions]

@ZaydenTech Kids

[Trading Options for CashFlow @L2TradeOptions]

@AndrewBolis Canva

[Trading Options for CashFlow @L2TradeOptions]

@vulturetrades Guide

[Trading Options for CashFlow @L2TradeOptions]

@Adam_DelDuca June 20

[Trading Options for CashFlow @L2TradeOptions]

Most people run the Wheel and never actually know their adjusted cost basis.
In this demo you watch mine drop from $10.50 at assignment to $8.38 : every premium, the roll, and the dividend coming off it, automatically.
https://t.co/7diDeLoeMM

[Trading Options for CashFlow @L2TradeOptions]

The most valuable hour in my trading month isn't placing a trade.

It's sitting down with my journal, filtering by stock and by period, and reading the story the numbers tell.

That review is where the actual improvement happens. How I do it:

https://t.co/DlGAQZEOyy

[Trading Options for CashFlow @L2TradeOptions]

A number in my own journal embarrassed me.

My rolling rate was way higher than I'd have guessed — which meant I was picking strikes too aggressively at entry, then rolling my way out of trouble for months.

My account balance never told me. The journal did.

https://t.co/v7oqvWpHpp

[Trading Options for CashFlow @L2TradeOptions]

Most options traders track their P&L and stop there.

But P&L only tells you what happened, never why. A good month can hide sloppy risk. A bad one can hide good decisions.

Track your parameters, not just your balance. Here's exactly what I record on every trade:

https://t.co/v7oqvWqfeX

[Trading Options for CashFlow @L2TradeOptions]

Sold a $PLTR put yesterday into the weakness.
$110 strike, 17 July, collected $1.58 ($158).
PLTR's been crushed, near its 1-year lows, 35% off its recent highs.
I sold around share price of $130, so my strike sits at 15% below an already beaten-down price, at 0.15 delta (85% chance it expires worthless).
I'm not calling a bottom. I'm saying I'd be OK owning PLTR at $110 and I'm paid $158 to wait.
No earnings before expiry.

If it keeps falling and I'm assigned, I planned for it and start selling calls. That's the wheel.
Educational, not advice. I'll post how I manage it.

#options

[Trading Options for CashFlow @L2TradeOptions]

The Real Question Before Selling a Cash-Secured Put https://t.co/rzv8ujDKMD

[Trading Options for CashFlow @L2TradeOptions]

Most Wheel strategy traders collect premium every week.

But ask them their real return on capital, after all the rolls, fees,
dividends, and assignments, and they can't answer.

That's a tracking problem. Not a trading problem.

I built a spreadsheet for myself for exactly this.
Updated for 2026:
https://t.co/coDnxIIwIw

[Trading Options for CashFlow @L2TradeOptions]

I just opened a new cash-secured put on $APLD and entered it into my updated Wheel Strategy Tracker.

This is where the Wheel starts for me: not with “premium collected”, but with proper tracking from day one.

Ticker, Strike, Expiry Date, Premium

The trade itself is only one part of the process.
The tracking is what shows whether the process is actually working.
I’ll use this position as a live example while I keep testing and using my updated wheel strategy dashboard.

[Trading Options for CashFlow @L2TradeOptions]

This is why my Options Wheel Strategy Spreadsheet includes separate sections for:

✅ open puts
✅ assigned shares
✅ covered calls
✅ cost basis
✅ closed trades
✅ dashboard results

The goal is to track the full cycle, not just the premium.
https://t.co/qGPJt0qg1N

[Trading Options for CashFlow @L2TradeOptions]

Assignment should not be a surprise in the Options Wheel strategy.

If you sell a cash-secured put, you need to know before entry:

🔹 Am I willing to own the stock?
🔹 At what effective cost basis?
🔹 How much premium am I receiving?
🔹 What happens if price drops further?
🔹 Will I sell covered calls after assignment?
🔹 How will I track the full position?

The Wheel only makes sense if assignment is part of the plan.