How to Track SPX Credit Spreads and Iron Condors in MyATMM

Tracking Multi-Leg Options Strategies Just Got Easier

If you've ever tried to track credit spreads or iron condors in a spreadsheet, you know the pain. Each strategy involves multiple legs, each with its own strike, premium, and transaction record. Keeping all of that organized while also tracking collateral, net credits, and P&L across your portfolio can turn into a mess fast.

MyATMM's Cost Basis V2 page was built to solve exactly this problem. The Strategies tab lets you enter put spreads, call spreads, and iron condors as complete multi-leg strategies, with automatic transaction creation, collateral tracking, and grouped P&L calculations. In this walkthrough, we'll demonstrate the entire process using SPX as our ticker.

Getting Started: Adding SPX to Cost Basis V2

Before entering any strategies, you need to add SPX as a ticker on the Cost Basis V2 page. If you've already added SPX to your watchlist (the Tickers page), the platform will automatically pull in the latest price for you.

Navigate to the Cost Basis V2 page and click Add. Type in "SPX" and the ticker will be added to your portfolio. You'll see the latest price populate immediately in the header, which is pulled from your watchlist data. This price feeds into your collateral and P&L calculations as you build out your positions.

Once the ticker is added, you'll notice the page is clean and empty, with tabs for different entry methods. The one we're focused on today is the Strategies tab.

The Quick Tab: Ad Hoc Position Tracking

Before jumping into the Strategies tab, it's worth briefly covering the Quick tab. This is designed for traders who want a fast, no-frills way to log a multi-leg position without entering each leg individually.

Many brokers like thinkorswim package credit spreads and iron condors into a single transaction line. The Quick tab mirrors that approach. You enter the number of contracts, the collateral amount, the net premium received, and a description (which you can copy and paste directly from your broker's order confirmation).

The Quick tab is great for speed, but if you want full leg-by-leg tracking with automatic transaction creation, the Strategies tab is where you want to be.

Entering a Put Credit Spread

Head over to the Strategies tab and select New Put Spread. This form supports both credit and debit spreads depending on how you configure the strikes and premiums.

For our demo, we're setting up a put credit spread on SPX with the following parameters:

As you fill in each field, the summary section at the bottom of the form calculates automatically. You can see the net credit per contract, the total credit received, and the collateral required.

Click Save and the put spread appears in the strategies list. You'll see both strikes, the expiration date, days to expiration, the net credit received (after commissions), and a delete button to remove it. Both legs also show up in the Transactions tab with their individual details.

Adding a Call Credit Spread

Next, we'll add the other side. Select New Call Spread from the Strategies tab. The form works identically to the put spread, just oriented for call-side positioning.

After saving, you now have both a put spread and a call spread displayed in the strategies list. The header at the top of the SPX section updates automatically to show the total collateral across all strategies ($5,000 in this case, since each $25-wide spread requires $2,500 in collateral) and the total realized gain/loss from the credits received.

Over in the Transactions tab, you'll see four transactions now, two for the put spread and two for the call spread, each with their own commissions and group identifiers.

Understanding Strategy Group Identifiers

You may notice a group name column in the Transactions tab. This is a unique identifier assigned to each strategy when it's created. It's how MyATMM groups the individual leg transactions together for net P&L calculations.

This grouping mechanism also powers the Strategy Summary feature. If you have standalone transactions that you want to group together (for example, legs of a spread you entered manually), you can assign them the same group identifier to take advantage of the same grouped P&L tracking.

Entering a Full Iron Condor

The iron condor combines both a put spread and a call spread into a single four-leg strategy. Select New Iron Condor from the Strategies tab, and you'll see all four legs in a single form.

With the same May 15 expiration (~33 DTE) and $25-wide wings on both sides, the iron condor generates a net credit of $3.75 ($375 total). All four proposed transactions appear below the form with commissions and fees pre-populated.

After saving, the iron condor shows up in the strategies list alongside the individual put and call spreads. The display includes all four leg strikes, the expiration, days to expiration, total collateral, and the net P&L. You can expand the details to see each leg individually.

Automatic Transaction Tracking

One of the biggest advantages of using the Strategies tab is that it handles transaction creation for you. After entering the three strategies in this demo, the Transactions tab contains eight individual transactions:

• 2 transactions for the put credit spread (buy put + sell put)
• 2 transactions for the call credit spread (buy call + sell call)
• 4 transactions for the iron condor (buy put + sell put + sell call + buy call)

Each transaction includes the strike, expiration, premium, commissions, and fees. They're automatically grouped by their strategy identifier, so the net P&L for each strategy is calculated correctly even though the legs are stored as individual transactions.

This means your transaction history stays clean and accurate. When it's time to close or roll a position, each leg is already recorded and ready for the closing transaction.

Dashboard and Performance Integration

Everything you enter through the Strategies tab flows into the broader MyATMM dashboard. Navigate to the Performance section and you'll see SPX listed with the total premiums collected across all strategies.

The dashboard provides a portfolio-level view of your premium income, making it easy to see how your credit spreads and iron condors contribute to your overall option selling performance. Whether you're running spreads on SPX, selling covered calls on dividend stocks, or writing cash-secured puts, it all rolls up into the same performance dashboard.

Quick Tab vs. Strategies Tab: Which Should You Use?

Both the Quick tab and the Strategies tab handle multi-leg positions, but they serve different purposes:

If you just need to log a position quickly and track collateral, the Quick tab is perfect. If you want full leg-by-leg tracking with automatic transaction creation and grouped P&L calculations, use the Strategies tab.

Supported Multi-Leg Strategies

The Cost Basis V2 Strategies tab currently supports the following multi-leg option strategies:

• Put Spreads - Credit or debit, two-leg put strategies
• Call Spreads - Credit or debit, two-leg call strategies
• Iron Condors - Four-leg strategies combining a put spread and a call spread
• Calendar Spreads - Same strike, different expirations (not covered in this demo)

Each strategy type automatically sets up the correct number of legs, calculates the net credit or debit, and creates the appropriate transactions when saved.