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Wheel cost basis.

What you paid, minus every premium you've collected on the name.

Premiums collected (per share)
Effective basis$91.45
Breakeven$91.45
Premium per share$3.55
Basis cut3.7%

How it works

Effective basis is the assignment price less every premium collected on the name, puts before assignment and calls after. It's the number that tells you whether the wheel is working: above it, the shares are in profit; below it, they aren't yet.

Score it with your own rules.

Score it with your own rules