Options Income

Pick covered call or cash-secured put, enter the stock price, strike, premium and days to expiration, and the calculator shows what the trade earns per cycle and what that is worth over a year. Everything runs in your browser; nothing is sent anywhere. How to use it Choose the strategy. The defaults update to a typical example for each. Enter the stock price today, the strike you are selling, the premium per share you collect, and the days to expiration. Fees are optional but matter on small trades. Read the cards: the return for one cycle, the annualized figures, your breakeven, and the premium you would need to reach the target return you typed in. If the number looks too good, check the warning under the cards. A high annualized yield almost always means a short expiration, a strike close to the stock price, or both, and those are the trades most likely to end in assignment. ...

The wheel is simple to describe and surprisingly easy to lose track of: a few weeks of puts, an assignment, a few months of calls, a call-away, and then it starts over. After two or three turns most people cannot say what their real cost basis is. This tracker keeps a running ledger and does that arithmetic for you. Click Load example to see a finished wheel and a wheel in progress, then clear it and log your own trades. Your entries are stored in this browser only; nothing is uploaded, and you can export them as a CSV at any time. ...