Help centre

The Iron Wheel is a record-keeping and analytics tool for options traders: you record your trades, it works out where you stand. These pages explain what the app is made of, what every number on screen means, and how to run two of the strategies it was built around.

New here? Start with Getting started — the rest reads in order from there.

Start here

What the app is made of, and how to get your trades into it.

Getting started What The Iron Wheel does, the four building blocks it is made of, and your first campaign end to end. Campaigns and portfolios One strategy on one underlying is a campaign. Portfolios group campaigns the way your brokerage accounts do. Recording trades Manual entry, pasting from your broker, expiry and assignment in one click, dividends and commissions.

Reading the numbers

Every screen, column and figure — and where each one comes from.

The dashboard Every column explained, the active and closed views, and why a row turns pink. The campaign page Open positions, break-evens, the price chart and the P/L profile, plus the full trade history. P/L, capital and break-even How realized and unrealized P/L, the capital requirement and the break-even prices are calculated. Reports A cross-campaign ledger with time frames, filters, grouping and an equity curve. Market Vibe VIX against five lookbacks and two fear & greed gauges — context for whether premium is rich or thin. Settings and your data Dividend tax, commission defaults, the capital model, row highlighting, and exporting or deleting everything.

Strategy guides

Two strategies the app is built around, and how to track each one.

The Wheel Sell a put, take assignment, sell calls against the shares, get called away, repeat — tracked as one campaign. PMCC: the capital-efficient covered call Replace 100 shares with a deep in-the-money LEAPS call and sell the same short calls against a fraction of the capital.

Still stuck?

The support page takes bug reports, ticker requests and ideas, and you will get a reply there. The risk disclaimer is worth a read before you act on anything you see in the app — nothing here is investment advice, and your broker's statements are the authoritative record.