Realized and unrealized, across the range you pick

The dashboard answers “where am I right now”. Insights answers “how has it been going”: realized results from closed trades and wheel events, unrealized P/L on what is still open, plotted over the date range you choose.

What the numbers are

• Realized — closed strategies at the price you closed them, plus cycle events (premium banked, shares called away) booked against their real basis.
• Unrealized — the open book marked from the 15-minute-delayed chain, by the same pipeline the dashboard uses. One deliberate difference: on a wheel, the premium you have already banked sits in Realized, so here your shares are measured against what you paid for them — not against the premium-adjusted basis the wheel and portfolio pages show. The dashboard’s open P/L uses the adjusted basis, so on a wheel with banked premium it reads higher than this figure by exactly that premium. Tests hold both relationships, so the two screens can never quietly disagree.
• Total — Realized plus Unrealized, with every premium dollar counted once. Adding the dashboard’s open P/L to realized would count banked wheel premium twice: once as income, and again as a lower basis on the shares.
• The range — a month of wheeling, the quarter, year to date. Realized events fall inside the range by their event date; unrealized is as-of now.

Prefer this in your inbox? The daily digest sends the day’s P/L and what moved it after every close.