Quick Scan
Scan one ticker with the current filters, or add it to your default watchlist.
Source Preview
Initializing...
Showing
0
Avg Premium
—
Avg IVR
—
Avg POP
—
Avg Theta/Day
—
Avg Liquidity
—
Configure your scan and click Scan Now.
Results appear live as each ticker is scanned.| Ticker | Strike | Exp | DTE | Mid | Delta | Theta | IV% | IVR | VRP | Spread | Liq | POP | P(touch) | EV/ct | EDGE ▼ | LEARNED EDGE | TIMING |
|---|
No results match your current filters.
No watched strikes yet.
Use Watch on a scanner result to keep an entry candidate here before entering.| Ticker | Strike | Exp | DTE | Mid | Delta | POP | IVR | Edge | Timing | Plan |
|---|
All · Positions
0
All · P&L
—
All · Captured %
—
Manual · Positions
0
Manual · P&L
—
Bot · Positions
0
Bot · P&L
—
No active positions.
Click + on any scanner result to track a trade.| Ticker | Strike | Exp | DTE | Action | Contracts | Entry | Current | P&L | Captured | Delta | IVR |
|---|
No closed trades yet.
Positions move here when you close them or they expire.Portfolio Growth
Cumulative P&L — closed trades
No closed trades in this period
📖 Lessons Learned
🎯 Setup Edge
Trade Journal
Win Rate by Entry Delta
Win Rate by IVR
Win Rate by DTE
Outcome Distribution
Strategy Version Comparison
P&L by Sector
Win / Loss by Entry Rating
Recommendations
Best Setup Tags
Bot Trade Log
| Ticker | Bot | Strike | Expiration | Entry Date | Close Date | Contracts | DTE | Entry $ | Close $ | P&L | P&L % | Delta | IVR | Reason |
|---|
Where the strategies differ
Management Notes
Your Trade History
No closed trades yet.
Close positions from the Short Puts tab to start building your performance history.By IVR Tier
By Delta Tier
By DTE Tier
By Sector
Trade Log
Historical Simulation
Uses Tradier daily price history + Black-Scholes to replay your strategy rules over the past yearTickers (space-separated)
Start Date
End Date
Target Delta
DTE (trading days)
Profit Target %
Stop Loss ×
Entry Every N Days
Assignments
0
Total Wheel P&L
—
Premiums Collected
—
Avg Ann. Yield
—
Avg Basis Gap
—
No assigned shares yet.
Use Assign on an open put when the short put becomes stock.| Ticker | Shares | Assign $ | Adj Basis | Current | Stock P&L | Put Prem | Call Prem | Total P&L | Open CCs | Next Move |
|---|
Quick Start — make money in 4 steps
The entire workflow in under a minute. Details are in the other tabs — start here.
1
Hit Scan Now
The scanner pulls weekly (4–7 day) put options across ~56 tickers and ranks them. Sort by Tradeability Score — highest first.
2
Look for these signals
IVR ≥ 50 (fat premium), Delta 0.15–0.22 (high win rate),
Prob ≥ 70% (odds of keeping the premium), Spread < $0.15 (liquid).
Skip anything with earnings in the window.
3
Click the row → Plan Mode
See the full trade: theta clock, stress test, setup tags. If you wouldn't mind owning the stock at that strike and the numbers look good, sell the put in your broker.
4
Set your exits — don't wing it
Take profit at 50% of the premium (close it, free the capital). Stop loss at 2× premium (if a $0.80 put becomes $1.60, close it). These two rules alone keep most put sellers profitable.
That's it. Really.
The edge comes from doing this consistently — high-probability trades, managed exits, never blowing up on one position. Each tab on the left goes deeper when you want it.
What to Look For
The specific numbers that separate a tradeable setup from a trap.
The 5 green-light filters
IVR ≥ 50
Implied volatility is elevated vs. the past year. That means the market is paying a premium — you're selling into rich conditions.
Delta 0.15 – 0.22
Roughly 78–85% odds the option expires worthless. Lower delta = safer but less premium. Higher delta = more premium but more assignment risk.
Prob Worthless ≥ 70%
The scanner's probability the option expires out of the money. Below 70%, you're giving up too much edge.
Spread < $0.15
Tight bid/ask = liquid. Wide spreads eat your edge on entry and exit. Skip illiquid strikes even if the premium looks juicy.
The instant deal-breakers
- Earnings in the window. Binary event risk. Skip unless you're specifically trading the IV crush.
- Stock you'd hate to own. If you get assigned, you own 100 shares. Only sell puts on names you'd be fine holding.
- IVR under 30. Premium too cheap for the risk. Wait for better conditions.
- Tradeability Score under 50. The scanner has already told you it's a weak setup.
Fast mental checklist
IVR high? ✓ Delta low? ✓ Spread tight? ✓ No earnings? ✓ Willing to own it? ✓ — trade it.
Any no? Skip.
Basics & Greeks
What you're actually doing when you sell a put, and the four numbers that matter.
The one-sentence version
You sell someone the right to force you to buy 100 shares at a specific price (the strike) by a specific date (expiration), and they pay you cash upfront (the premium) for that right.
If the stock stays above your strike, the option expires worthless and you keep the premium. If it drops below, you buy 100 shares at that price — at an effective discount equal to the premium you already collected.
Example: AAPL at $210
Sell 1 put at the $200 strike, 5 DTE, for $0.80 premium.→ Collect $80 up front (1 contract × 100 shares × $0.80).
→ AAPL closes above $200: option expires worthless, keep $80. Done.
→ AAPL closes below $200: assigned 100 shares, cost basis $199.20.
The four Greeks you need
Delta (Δ)
Rough probability the option finishes in-the-money. As a seller you want low delta — far from the stock price. Target 0.15–0.22.
Theta (Θ)
Daily time decay. Theta works for the seller — every day without a big move is money. Accelerates sharply in the last week.
IV Rank (IVR)
Current IV vs. the past year. IVR 70 = higher than 70% of last year's readings. High IVR = fat premium. Target above 50.
Prob Worthless
Probability the option expires worthless and you keep the full premium. Roughly 1 − delta. Filter for 70%+.
Why weeklies (4–7 DTE)?
- Theta accelerates near expiration — you collect a disproportionate amount of decay in the final week.
- Less time for things to go wrong — 5 days vs. 30 is a much narrower window for surprise drops.
- High annualized return — $80/week on $20,000 is 0.4%, but 40× a year is ~16% annualized.
- Capital turns over fast — positions resolve quickly, freeing buying power for the next setup.
EV & position sizing
Expected Value (EV) is the average outcome if you made the trade thousands of times. Raw EV per trade is often slightly negative because assignment is a large loss — the edge comes from frequency, high win rate, and exit discipline.
Position sizing: one contract requires buying power to own 100 shares at the strike. A $200 strike = $20,000 at risk. Never put more than 5% of your portfolio into a single position. Start with 1 contract per trade.
Reading the Scanner
What each column means and how to use them together.
Column guide
- Tradeability Score — composite 0–100 combining IVR, probability of profit, and premium quality. Sort by this first.
- IVR — IV Rank 0–100. Above 60 is great. Below 30, skip it.
- Premium — mid-price × 100 = dollars collected per contract.
- Delta — lower = safer. 0.15 conservative, 0.25 aggressive.
- Spread — ask − bid. Tight (<$0.15) = liquid, won't get slipped on entry.
- Prob% — probability the option expires worthless. You want 70%+.
- Theta — daily time decay in dollars per contract. Higher = better for you.
- Rating — Strong / Good / Fair / Weak — a quick label from the score.
Plan Mode (click any row)
- Theta clock — shows how much decay you capture per day. Back-loaded trades collect most theta in the last 1–2 days.
- Stress test — simulates P&L if the stock drops 5%, 10%, or 15% before expiration.
- Tags — setup quality signals (IVR Spike, Tight Spread, Near Support). Pattern labels, not buy signals.
Strike Finder
The toolbar's Strike Finder compares multiple strikes on the same ticker side by side — safer OTM vs. closer higher-premium. Use it to dial in exactly the strike that matches your risk tolerance.
Suggested first-trade filters
Max delta 0.20 · Min IVR 50 · Min premium $0.50 · Min prob 75% · Max spread $0.10.Conservative, liquid, high-probability. Loosen delta as you gain confidence.
Managing Trades
Entry is easy. Discipline on exits is what keeps you profitable.
Take profit at 50%
Close when the option loses 50% of its value. You've captured half the max profit and freed the capital. Don't chase the last $20 — the risk/reward flips after 50%.
Stop loss at 2×
If a $0.80 put doubles to $1.60, close it. A 2× loss is recoverable across 4 winning trades. No stop-loss rule is how accounts blow up.
DTE alert
Set an alert at 1 DTE when entering. At 1 DTE, decide: close early, let expire, or roll. Never let a position expire unintentionally.
Rolling
Buy back the current option and sell a new one at a lower strike or further expiration. Extends your timeline and collects more premium — but also extends your commitment.
Using your history to build edge
Every closed position lives in the History tab. Review it monthly:
- Win rate: 70–80% is normal at 0.20 delta. Below 60% means deltas too high or stocks too volatile.
- Avg win vs. avg loss: win small frequently, lose large rarely. If avg loss >3× avg win, stop-loss discipline needs work.
- Best tickers: some names are consistently good put-selling candidates. Others gap down and hurt. Let the data decide.
The Backtest tab replays your filter settings over the past year — calibrate filters before going live, not as a guarantee.
Good vs Bad Setups
Side-by-side. When in doubt, check your candidate against these.
Good Setup ✓
- IVR above 50 (elevated premium)
- Delta 0.15–0.22 (high probability)
- Spread under $0.12 (liquid)
- Premium ≥ $0.60 per contract
- Stock you'd be fine owning
- No earnings in the window
- Tradeability Score ≥ 65
Bad Setup ✗
- IVR under 30 (cheap premium)
- Earnings this week (binary risk)
- Wide spread >$0.20 (illiquid)
- Delta above 0.30 (too close)
- Stock you'd hate to own
- Chasing premium without checking IVR
- No support level below the strike
The single most common mistake
Chasing a big premium without looking at why it's big. Fat premium on low IVR usually means delta is too high or the stock is about to report earnings. Always check IVR and the calendar before you pull the trigger.
Cheatsheet
Everything you need, on one screen. Print it, bookmark it, tape it to your monitor.
IVR target> 50, ideally > 60
Delta target0.15 – 0.22
DTE target4 – 7 days
Min premium> $0.50 / contract
Max spread< $0.15
Prob worthless> 70%
Take profit50% of max gain
Stop loss2× premium collected
Position size< 5% per trade
The full workflow in 30 seconds
- Scan Now → sort by Tradeability Score.
- Filter: IVR ≥ 50, Delta 0.15–0.22, Prob ≥ 70%, Spread < $0.15.
- Skip earnings. Skip names you wouldn't own.
- Click row → review Plan Mode → sell put in broker.
- Set take-profit at 50%, stop-loss at 2×, DTE alert at 1.
- Log it in Positions. Review History monthly.
One rule that covers everything
Only trade high-probability setups in liquid names you'd be happy to own — and always know your exit before you enter.
Options Simulator
Learn to sell puts and covered calls by actually doing it — synthetic stocks, real math, no real money.
Bots Paper Mode
No bots yet. Create one to start automated trading.
Admin Dashboard
Loading stats…