Frozen page — EP 01 · Eight Months In. These are the numbers as of Nov 2, 2026 · 9:11 PM ET, the data used in that episode. They will never change. See the latest numbers →
A real, small options account running the wheel: sell cash-secured puts, take the shares if assigned, sell covered calls, repeat. These are the account's actual numbers, published with every episode.
Account value
$3,986.75
$3,492.86 contributed in total
Profit vs contributed
+14.1%
+$493.89
Realized premium
$872.15
since the first deposit
On this dateOpen positions
Instrument
Qty
Entry
Mark
Unreal. P&L
Captured
Status
NNE basis @ strike
100
$15.00
$11.08
−$392.24
—
NNE Nov13'26 14.5 CALL
-1
$0.21
$0.03
$17.83
85%
70%+ captured
SOFI Nov20'26 16 PUT
-1
$0.44
$0.53
−$8.45
-19%
Underwater
TSLL Nov20'26 9.5 PUT
-1
$0.27
$0.27
−$0.24
-1%
Underwater
"Captured" is how much of an open option's maximum profit has already been earned. Short options are closed early around 70%.
The income enginePremium realized per month
$27.52
Mar
$118.75
Apr
$58.93
May
$36.85
Jun
$138.24
Jul
$174.24
Aug
$76.25
Sep
$241.38
Octrecord
$0.00
Novso far
Booked in the month each position closed, expired or was assigned, not when it was sold.
Rebased to the latest deposit (Jun 23). Base = total contributed $3,492.86; projected 6 months forward. You're at $3,986.75.
Anchored to the Mar 12 deposit. Deposit-aware: both target lines and your actual NAV step up at each deposit — each deposit grows from when it landed, so goal and actual stay comparable.
The goal5% a month, and the road to $1,000
Baseline reset after the Jun 23 deposit — total contributed is now $3,492.86. You're at $3,986.75, a cumulative +14.1% ($493) profit — about 92% of the just-rebased 5%/mo pace. Forward 5%/mo targets: 1-mo $3,667.50, 3-mo $4,043.42, 6-mo $4,680.77.
$872.15 of $1,000
≈ 1.1 months to go · ETA early December 2026
$087% there — $127.85 to go$1,000
Trailing pace
$120.98/mo
Fast (+30%)
~late November 2026
Slow (−30%)
~mid December 2026
Pace = trailing 6 full month(s) realized premium ÷ 6. $127.85 to go at $120.98/mo. Milestone ladder: $1,000 → $1,500 → $2,000 → $3,000 → $5,000 (auto-advances to the next rung once reached). Not a return forecast — premium is lumpy and an assignment can pause the pace while capital is tied in shares.
The honest partWhere the profit comes from
Total profit since the first deposit: +$493.89 (+14.1% on contributed). Percentages are each source's share of that total.
Source
Amount
% of profit
Realized premium income
Option premium booked as income (incl. reclassified assigned-put & called-away-call premium), net of currency-conversion fees
$872.15
+177%
Open-option mark
Unrealized P&L on still-open short options
$9.15
+2%
Realized capital appreciation
Gains on shares sold or called away — assigned/called shares round-trip at strike, so the wheel premium is booked as income above rather than double-counted here
$0.00
+0%
Unrealized capital appreciation
Mark-to-market on shares still held (basis @ strike)
−$392.24
-79%
Cash interest & rounding
Reconciles buckets to total gain
$4.83
+1%
Income engine vs. market: option premium (realized + open marks) $889.29 vs. stock appreciation −$392.24 — about 69% of your gains are option income, 31% stock movement. For a wheel, income-dominated returns are the goal — they're more repeatable than stock direction.
Cash & marginWhat's available
Cash
$2,959.82
Cash buffer
74%
cash ÷ account value · target ≥ 15%
Available funds
$1,699.52
margin buying capacity, not cash
Free cash for a new trade
$409.82
cash − $2,550.00 held for open puts
WatchlistEntry range check
Ticker
Last
Day
Annual IV
IV percentile (13 wk)
Put entry
SOFI
$16.66
+0.4%
49%
59%ile
in range
BBAI
$2.60
+0.8%
76%
73%ile
in range
"In range" means 100 shares fit the available funds and annual implied volatility is at least 40%. A watchlist, not a recommendation.