Option Tracker
Trading
4 min read

Stock Positions

Track and manage stock positions from option assignments and direct purchases.

When options get assigned or you purchase stock directly, Option Tracker helps you manage those positions and track their performance.

Viewing Stock Positions

Navigate to the Stocks page to see all your stock holdings.

Stock Positions

Position Card Information

Each position displays:

  • Ticker & Company - Stock symbol and company name
  • Source - How you acquired it (Assigned or Direct Purchase)
  • Status - OPEN or CLOSED
  • Shares - Number of shares owned
  • Acquisition Date - When you received the shares
  • Cost Basis - Your average cost per share
  • Total Cost - Total investment amount
  • Current Price - Real-time stock price
  • Current Value - Total market value
  • Unrealized P&L - Paper profit/loss with percentage

How Stock Positions Are Created

From Option Assignment

When a sold option (put or call) is assigned:

  1. Sold Put Assignment - You're obligated to buy shares at the strike price

    • Position created with strike price as cost basis
    • Premium received reduces your effective cost basis

  2. Sold Call Assignment - Your shares are called away

    • Stock position is closed
    • Realized P&L calculated from sale

Direct Purchase

You can also manually add stock positions:

  1. Click "+ New Position"
  2. Fill in the purchase details
  3. Track it alongside your assigned positions

Adding a New Stock Position

Click the "+ New Position" button to record a direct stock purchase.

New Stock Position Form

Step-by-Step: Creating a Position

  1. Ticker Symbol - Search and select the stock

  2. Shares - Number of shares purchased

  3. Purchase Price Per Share - Your cost per share

  4. Purchase Date - When you bought the stock

  5. Fees (Optional) - Any broker fees or commissions

  6. Notes (Optional) - Add context about the purchase

  7. Review the Position Summary showing:

    • Total shares
    • Cost per share
    • Total cost basis

  8. Click "Create Position" to save

Managing Stock Positions

Position Actions Menu

Click the three-dot menu on any position to access actions:

Stock Position Menu

Available actions:

  • Update Price - Refresh the current market price
  • Sell Covered Call - Write a call against your shares
  • Sell Stock - Close the position by selling
  • Delete Position - Remove the record

Updating Prices

Stock prices update automatically, but you can manually refresh:

  1. Click "Refresh Prices" at the top to update all positions
  2. Or use the menu on individual positions

Selling Stock (Closing Position)

When you sell your shares:

  1. Click the position menu
  2. Select "Sell Stock"
  3. Enter:
    • Selling Price per Share
    • Closing Fees
  4. Click "Sell Stock"

Your realized P&L is calculated:

P&L = (Selling Price - Cost Basis) × Shares - Fees

Understanding Cost Basis

For Assigned Positions

When assigned from a sold put, your cost basis is:

Cost Basis = Strike Price - Premium Received per Share

Example:

  • Sold 1 AAPL $150 Put for $3.00 premium
  • Assigned 100 shares at $150
  • Effective cost basis: $150 - $3.00 = $147.00/share

For Direct Purchases

Cost basis equals your purchase price plus any fees divided by shares.

With Covered Calls

Premium from covered calls further reduces your cost basis:

Adjusted Basis = Original Basis - (Total CC Premium / Shares)

AI Assistant for Stocks

The stocks page has AI suggestions tailored to position management:

  • "Write covered calls" - Get help selecting strike prices
  • "Analyze assignments" - Review your assignment history
  • "Strike selection" - Optimize covered call strikes
  • "Cost basis" - Understand your position costs

Filtering and Searching

Use the filter bar to find specific positions:

  • Search - Filter by ticker symbol
  • Status - Show Open, Closed, or All positions
  • Type - Filter by Assigned or Direct Purchase
  • Date - Sort by acquisition date

Best Practices

  1. Track all positions - Include both assigned and direct purchases
  2. Monitor cost basis - Understand your break-even points
  3. Consider covered calls - Generate income on holdings
  4. Review regularly - Check unrealized P&L for exit decisions
  5. Document strategy - Use notes to track your plan for each position

Position Workflow

Here's a typical workflow for a wheel strategy position:

  1. Sell Put - Collect premium, willing to own at strike
  2. Get Assigned - Stock position created automatically
  3. Sell Covered Calls - Generate income while holding
  4. Get Called Away or Sell Stock - Exit the position
  5. Repeat - Start the cycle again

Next Steps