PremiumGuardHQ releases five free options calculators, each paired with a practice simulator
Covered call, cash secured put, wheel strategy, multi-leg and safe withdrawal calculators, free with no account, each
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Covered call, cash secured put, wheel strategy, multi-leg and safe withdrawal calculators, free with no account, each with a turn-based practice simulator
DOYLESTOWN, PA, UNITED STATES, September 3, 2026 /EINPresswire.com/ — PremiumGuardHQ has published five free options calculators at premiumguardhq.com/tools. All five are open to anyone, with no signup, no account and no email required.
The set covers the calculations self-directed options traders do by hand or in a spreadsheet. The covered call calculator returns premium yield, breakeven, annualized return and if-called profit. The cash secured put calculator returns premium yield on collateral, breakeven, and the effective cost basis that results if the shares are assigned. The wheel strategy calculator carries a full sequence through to total premium, effective basis, cycle yield and annualized return. The options profit calculator handles multi-leg positions, reporting maximum profit, maximum loss, every breakeven and a payoff diagram. The safe withdrawal calculator works on an options income account and shows which of two constraints binds first, drawing only closed-cycle profit or holding a hard floor at a target equity level.
What separates the set from a standard calculator is what sits underneath each one. Every page carries a turn-based simulator that runs the position forward step by step. On the wheel strategy page that means selling a put, settling it, taking assignment, writing calls against the shares, and being called away back to cash. The simulator uses no market data and no live quotes. Every price in it is a number the user enters, which keeps the exercise deterministic and repeatable.
“Most options calculators hand you a number and stop,” said Michael O’Donnell, founder of PremiumGuardHQ. “The number was never the hard part. What people get caught out by is the sequence, what happens after the position moves against them and they have to do something about it. That is why every calculator here has a simulator underneath it.”
The calculators are browser-based and work on mobile. There is no download, no trial, and no paid tier for any of them.
About PremiumGuardHQ
PremiumGuardHQ is a record-keeping and analytics platform for self-directed options traders. It connects read-only to major US brokerages, reconstructs completed trade cycles from a trader’s own fills, and reports what those closed positions returned. It reports on trades a user has already placed. It does not recommend securities, select trades, place orders, or provide investment advice. PremiumGuardHQ is based in Doylestown, Pennsylvania and is bootstrapped.
Disclaimer
Options trading involves risk. PremiumGuardHQ is for informational purposes only and does not constitute investment advice. PremiumGuardHQ is not a broker-dealer, investment adviser, or FINRA member. The calculators described here compute results from figures the user supplies and are not a projection or a recommendation to trade any security.
Michael ODonnell
PremiumGuardHQ
support@premiumguardhq.com
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Option Wheel Strategy Tracker: Every Cycle, Real Cost Basis – PremiumGuardHQ
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