The HIPPS Tracker — Options Wheel Spreadsheet with Engineered Guardrails
I spent 15+ years designing safety systems that keep oil & gas plants from blowing up. This is the exact spreadsheet I built to apply that same discipline to selling covered calls and cash-secured puts.Most wheel traders don't fail because of bad strikes. They fail because of bad discipline — selling calls below cost basis in a panic, buying back winners too early, doubling down after a good week. This tracker is engineered to stop you before you hurt yourself.WHAT'S INSIDE (7 tabs):— START HERE: plain-English owner's manual— Settings: your ticker, currency, accounts — set once— Trade Log: one row per fill, auto-calculating (comes loaded with a full demo wheel cycle so you learn by example)— Cost Basis: your REAL break-even after premium collected, plus a Monday decision helper that tells you when a covered call is safe — and when to wait— HIPPS Guardrails: a 4-layer pre-trade checklist with automatic PASS/FAIL trip logic. One layer fails, the system says DO NOT DEPLOY.— Dashboard: premium totals per account at a glance— Assignments: called-away and put-to-you events tracked honestly, separate from premiumHIPPS = High Integrity Portfolio Protection System. In a pipeline, a HIPPS slams valves shut before a pressure spike destroys everything downstream. This is the portfolio version.No macros. No plugins. Works in Excel, LibreOffice, and Google Sheets. Delete the demo rows, enter your trades, run the checklist every Monday.Educational tool only — not financial advice. Options involve substantial risk of loss. I'm an engineer, not a licensed advisor. Perform your own hazard analysis before deploying capital.Questions: sil3trader@gmail.com | More at sil3trader.com
Get it → sil3trader.gumroad.com