I can’t recommend the Youtube video linked above enough. It’s very helpful in explaining the strategy. I also have begun using the spreadsheet that he demonstrates. You can make a copy of it for yourself from here: The Wheel: Adjusted Cost Basis (OG) - Google Sheets. It’s very helpful. Every time I open a position on a new symbol, I make a copy of this template, rename it to the symbol, and keep track of how much premiums I’ve collected from it so far. I find it really helpful because once you get assigned, it can get a little tricky to keep track of your adjusted cost basis. This keeps everything nice and organized.
I also run a weekly script that shows what may be the most profitable picks to begin the CSP part of the wheel at different risk tolerances. See the updates every Monday around 10am here: Wheel Strategy Weekly Thread - Best returns of CSP, by delta, for stocks between $5 and $25 - #67 by dibbles