Tracking your options premium income is essential for any serious income-focused trader. Whether you're running the wheel strategy, selling covered calls, or collecting premiums from cash-secured puts, understanding exactly how much you're earning—and when—can make the difference between casual trading and building a reliable income stream.
The MyATMM Dashboard Premiums Tab has received significant updates that give you unprecedented control over how you view and analyze your premium income. In this tutorial, we'll walk through the new month breakdown feature, the daily average calculation, and the type filter that lets you separate your options income from dividend income.
When you first navigate to the Premiums Tab on your MyATMM dashboard, you'll see a summary of your premium income for the entire year. This gives you the big picture view of how your options selling strategy is performing. However, the real power of this feature comes when you start drilling down into the details.
The default yearly view aggregates all your closed positions, including both options premiums and any dividends you've collected on your underlying positions. This comprehensive view is perfect for year-end tax planning or getting a quick sense of your total passive income from your trading activities.
One of the most requested features from MyATMM users was the ability to see premium income broken down by month. This feature is now available through a simple dropdown menu on the Premiums Tab.
By clicking the month dropdown, you can filter your premium income to any specific month of the year. This is incredibly useful for several reasons:
Once you've selected a specific month, you unlock an even more granular view: the daily breakdown. This shows you exactly how much premium you collected on each day of the month where you had closed positions.
The daily detail view is particularly valuable for traders who close multiple positions per week. You can see your most productive days, identify any gaps in your trading activity, and understand the rhythm of your income generation.
Perhaps the most powerful new addition to the Premiums Tab is the daily average calculation. When you're viewing a specific month, MyATMM automatically calculates your average daily premium income.
This metric answers a crucial question: "How much am I actually making per day from my options trading?" While individual trades might vary significantly, the daily average smooths out the noise and gives you a realistic picture of your income generation rate.
If your daily average is $50 but you have a goal of $100 per day, you now have a concrete target to work toward. You might need to increase position sizes, sell more contracts, or adjust your strike prices to capture more premium. The daily average gives you the data you need to make these decisions.
Many income-focused traders think in terms of monthly or yearly income goals. But daily averages provide a more actionable metric. Consider these examples:
By comparing your actual daily average to these targets, you can quickly assess whether your current trading approach is meeting your financial goals.
The Type filter is another powerful addition that addresses a common need: separating your options premium income from your dividend income. By default, the Premiums Tab shows a combined total of both income types, giving you the full picture of your passive income.
However, there are many reasons you might want to view these separately:
When you select "Options" from the Type dropdown, the Premiums Tab recalculates all values to show only your options premium income. This includes premiums from:
The monthly breakdown and daily average features work the same way with this filter applied, so you can drill down into your pure options trading performance.
Similarly, selecting "Dividends" from the Type dropdown isolates just your dividend income. This is particularly useful for traders who hold dividend-paying stocks as part of their wheel strategy.
Many wheel traders specifically choose high-dividend stocks for their strategies. By tracking dividend income separately, you can see how much of your return comes from dividends versus options premiums, helping you understand the true yield of your positions.
The real power of the Premiums Tab comes when you combine the month filter with the type filter. For example, you might want to see:
This level of filtering gives you the analytical power to really understand your trading business and make data-driven decisions about your strategy.
Let's look at some real-world scenarios where these new features prove invaluable:
At the end of each month, you want to review your performance. Navigate to the Premiums Tab, select the completed month, and immediately see your total premium income, the daily breakdown, and your daily average. Compare this to previous months to spot trends.
When it's time to calculate quarterly estimated taxes, use the Type filter to separate options income from dividend income. View each of the three months in the quarter separately, noting the totals for each income type. This makes tax preparation straightforward and accurate.
You're wondering if your covered call strategy is generating enough premium. Filter by Type to show Options only, then review several months of data. Look at your daily averages—are they consistent? Are there months with significantly higher averages? Analyze what you did differently during high-performing periods.
If you're new to MyATMM or haven't been tracking your positions, here's how to get the most out of the Premiums Tab:
The Premiums Tab is just one of many features being enhanced in MyATMM. The platform is continuously evolving based on user feedback, with more improvements on the way to help you track, analyze, and optimize your options income strategy.
Stay tuned for future videos and tutorials covering additional features and functionality. Whether you're running a simple covered call strategy or managing a complex wheel portfolio across multiple tickers, MyATMM is designed to give you the insights you need to succeed.
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