Welcome to the first official MyATMM platform video. This marks the launch of a purpose-built web application designed specifically for option sellers who trade covered calls and cash secured puts using the wheel strategy. After years of trading options and struggling with spreadsheets, calculations, and manual tracking, MyATMM was created to solve the unique challenges that income-focused traders face every week.
This weekly review demonstrates the complete workflow of an option seller managing multiple positions on a Sunday evening, preparing for the trading week ahead. You'll see firsthand how the platform handles assignments, expired positions, cost basis tracking, and new trade entries—all in one centralized location that eliminates the need for complex spreadsheets.
What is the Wheel Strategy?
The wheel strategy is a systematic approach to generating income by selling cash secured puts to acquire stock at a discount, then selling covered calls against those shares. When assignments occur, the process continues in a "wheel" pattern, creating ongoing premium income regardless of whether the stock goes up, down, or sideways.
Most option sellers start their journey using spreadsheets to track positions, premiums, and cost basis. While this works initially, several problems quickly emerge as your trading grows:
MyATMM eliminates these headaches by automating calculations, centralizing all transaction types, and providing instant visibility into your portfolio performance. The cost basis section becomes your command center for managing all positions in play.
Every Sunday, option sellers who trade weekly options need to perform a systematic review of their positions. This involves clearing out expired contracts, processing assignments, updating cost basis, and planning new trades for the upcoming week. Here's how this workflow happens in MyATMM:
When your cash secured puts get assigned, you need to record the stock purchase at the strike price and remove the collateral that was backing the position. The platform makes this straightforward:
Contracts Assigned: 3 contracts (300 shares)
Strike Price: $1.50 per share
Process:
Result: Your cost basis now shows 300 shares owned with accurate average cost including all premiums collected along the way.
This process repeats for each assignment. In this weekly review, five different cash secured put positions were assigned across various tickers—not uncommon despite early assignments being described as "rare." The platform handles each one systematically, maintaining accurate cost basis throughout.
Options that expired worthless represent successful premium collection trades. The platform allows you to quickly clear these positions and free up collateral for new trades:
The dashboard updates in real-time, showing which positions are profitable overall and which need continued work to reach breakeven or profit status.
After processing assignments and clearing expired contracts, your cost basis reflects the current state of your portfolio. The platform shows two critical numbers:
Cost Basis Without Premium: Your actual purchase price per share based on stock purchases and assignments
Cost Basis With Premium: Your effective cost after subtracting all option premiums collected on that ticker
This distinction is crucial for option sellers. A stock might show a loss on paper based on purchase price, but when you factor in the significant premiums collected, your true position could be profitable or much closer to breakeven.
Shares Owned: 2,000 shares
Cost Basis Without Premium: $32.99 per share
Cost Basis With Premium: $25.62 per share
Current Stock Price: ~$19.50
Analysis: While the stock has declined significantly from the original entry around $40, the aggressive premium collection strategy has lowered the effective cost by $7.37 per share. This demonstrates how consistent option selling can reduce losses and create a path to profitability even in challenging positions.
With assignments processed and the portfolio updated, the next step is planning new option sales for the upcoming week. This involves strategic decisions about strike selection, premium targets, and position sizing.
For every ticker where you own shares, the goal is to have those shares working for you by selling covered calls. The key decisions include:
Shares Owned: 200 shares
Cost Basis: Need $13 strike to take full profit
Strike Selected: $13 call
Premium: $0.05 per share (trading in $0.05 increments)
Rationale: Even though premium is modest, if the stock reaches $13 and gets called away, the position exits with nearly $1,000 total profit. Meanwhile, the $0.05 weekly premium continues to reduce cost basis if the stock stays below the strike.
One of the most powerful strategies demonstrated in this review is "playing both sides"—simultaneously selling covered calls on owned shares and selling cash secured puts below the current price. This approach works exceptionally well for lower-priced stocks where capital requirements allow multiple positions:
Why Both Sides Works:
The stock can only move in one direction each week. Either it goes up (covered call wins), goes down (cash secured put wins), or stays flat (both positions win). One side will always generate profit, and the other may or may not get assigned. This creates consistent weekly income regardless of directional movement.
Owned Shares: 400 shares at $1.81 average
Covered Calls: Sell 3 contracts at $2.00 strike for $0.01 each
Cash Secured Puts: Sell 2 contracts at $1.00 strike for $0.02 each
Total Position Size: ~$1,000 (staying within position sizing limits)
Outcome Scenarios:
Throughout the review, careful attention is paid to position sizing. The general guideline followed is approximately $1,000 per ticker position, which allows for:
The dashboard shows total buying power and updates in real-time as you queue trades for execution. By the end of this review, buying power was reduced from $4,600 to just $459, indicating nearly full deployment of capital into premium-generating positions.
This weekly review showcases several critical features that make MyATMM invaluable for option sellers:
The dashboard displays all tickers sorted by portfolio allocation percentage. This helps you see at a glance which positions represent the largest portions of your capital and which ones are smaller tactical plays. The color coding (red for negative, green for positive) provides instant visual feedback on which positions need attention.
Every ticker page shows your cost basis both with and without option premiums included. This dual view is essential because:
The platform automatically tracks collateral backing cash secured puts. When assignments occur, the stock purchase replaces the collateral. When positions expire worthless, collateral is freed up for new trades. This prevents double-counting and keeps your available capital calculations accurate.
Every action is recorded with timestamps, allowing you to review exactly what happened and when. This creates an audit trail for tax purposes and helps you analyze which strategies are working best across different tickers and market conditions.
Stock prices update twice daily, so your dashboard reflects current market values. This shows unrealized gains/losses and helps you make informed decisions about rolling positions or taking assignments.
Free Account Available
MyATMM offers a free account tier that lets you track up to 3 tickers forever—perfect for trying the platform and seeing if it fits your trading workflow. The free account includes access to the covered call analyzer screen with 10 ticker searches, giving you a solid feel for the platform's capabilities.
Contrary to the common wisdom that early assignments are "rare and random," this trader experiences regular early assignments. Five different positions were assigned in this single week. For option sellers, early assignment isn't something to fear—it's simply part of the process. The platform makes handling these assignments straightforward, turning what could be a spreadsheet nightmare into a few simple clicks.
Many of the positions demonstrated involve lower-priced stocks trading between $1 and $10 per share. While the absolute dollar amounts of premium might seem small (pennies per share), the percentage returns are remarkable:
Premium: $0.01 per share
Collateral: $2.00 per share (100 shares = $200)
Weekly Return: $1 / $200 = 0.5%
Annualized (52 weeks): 0.5% × 52 = 26% annual return
This demonstrates how even small premiums on lower-priced stocks can generate impressive annualized returns when trading weekly options consistently.
The review takes place during Thanksgiving week, which presents unique challenges. With one less trading day and reduced market activity, premiums often decrease significantly. The solution is to extend expiration to the following Friday (December 2nd in this case), where premium levels return to more attractive levels. This flexibility is part of successful weekly options trading.
Not every position is immediately profitable. Some stocks (like NVAX in this review) represent significant challenges due to price declines. However, the platform helps you systematically work these positions by:
The approach is to make "lemonade out of lemons"—using premium collection to gradually improve the position even when the underlying stock isn't cooperating.
The systematic weekly review process demonstrated here is replicable for any option seller trading covered calls and cash secured puts. The keys to success are:
MyATMM streamlines this entire process, turning what would be hours of spreadsheet work into a efficient Sunday evening routine. You'll always know where you stand, what you need to do, and how each position is contributing to your overall income goals.
Platform Philosophy: MyATMM is built by an option seller for option sellers. Every feature exists to solve a real problem encountered during actual trading. The platform continues to evolve based on trader feedback and real-world use cases.
Options trading involves substantial risk and is not suitable for all investors. Selling covered calls and cash secured puts can result in significant losses, especially if the underlying stock price moves dramatically against your positions. Past performance does not guarantee future results.
Key risks include:
This content is for educational purposes only and should not be considered financial advice. The examples shown represent actual trades but do not constitute recommendations to buy or sell any specific securities. Always conduct your own research and consult with a qualified financial advisor before making investment decisions. Only trade with capital you can afford to lose.
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