Options Calculator Pro

Portfolio Dashboard

Real-time overview of your options portfolio

🏆 Open Positions

📊 Allocation Status

📈 Portfolio Growth (From Inception)

Prices auto-refresh at 9:30 AM ET (open) and 4:00 PM ET (close) — page must be open

📡 Recent Signals (Last 30 Days)

No signals logged yet. Fetch signals in the Signal Engine tab.

Score Guide (×1000) 80+ Excellent 50–80 Strong 25–50 Moderate < 25 Weak

📉 CSP Entry Opportunities (RSI < 40 or pullback ≥ 5%)

📈 CC Entry Opportunities (RSI ≥ 65 and rally ≥ 5% from lows)

📋 Wheel Strategy Quick Reference

CSP Entry

DTE: 30–45 days
Delta: 0.20–0.30
IVR/IVP: > 50
Strike OTM: 5–15%
RSI: < 40 (strong < 30)
Pullback: ≥ 5% (strong ≥ 10%)

Covered Call Entry

DTE: 7–21 days
Delta: 0.25–0.40
Strike: At/Above cost basis
Close at: 50% of premium
RSI: ≥ 65 (strong ≥ 75)
Rally: ≥ 5% (strong ≥ 10%)

Position Limits

Max per position: 5% of portfolio
Positions: 8–12 simultaneous
Sector max: 25%
Target ROI: 10–25% annualized

📖 Entry Zone Signal Guide

📉 CSP Entry Opportunities

Identifies stocks that have pulled back to attractive cash-secured put entry levels. An oversold RSI confirms momentum exhaustion — buyers are likely to step in. A decline from recent highs signals elevated put premiums and a potential support zone forming below price.

The strongest setups confirm both signals at once. A single trigger is noted in gold as a moderate signal — it's on your radar, but wait for the second confirmation before sizing a full position. When RSI fires without a price drop, the stock may stabilise before falling further. When a large pullback fires without RSI confirmation, selling pressure may not be exhausted yet.

📈 CC Entry Opportunities

Identifies stocks that have rallied to attractive covered call entry levels. Unlike CSP, both signals must confirm simultaneously — an overbought RSI reading AND a meaningful price extension from recent lows. This dual requirement filters out stocks that are merely elevated rather than genuinely overextended.

When RSI is strongly overbought but the price rally is modest, premiums may improve further if the stock extends — consider waiting. When price has run hard but RSI hasn't peaked, upside momentum may continue and selling a call now risks capping a move that isn't finished.

Portfolio Setup

Configure your total portfolio size and stock positions. Allocation percentages update in real time.

Prices auto-refresh at 9:30 AM & 4:00 PM ET · Manual refresh available anytime

⚙️ Portfolio Configuration

Target Deployment (%) ⓘ

Max Per Position (%) ⓘ

Cash Reserve % — Dip Buying Fund ⓘ

Margin (%)

TFSA (%)

Total Portfolio

$0

Max Per Trade

$7,500

Based on Wheel Strategy rules

Target Deployed

$105,000

Target: 60–75%

Max Positions

14

Dip Reserve

$0

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🧮 Sector Allocation (Max 25% per Sector)

Recommended sectors: Consumer Staples, Blue-chip Tech, Financials, Utilities, Index ETFs

⚡ Stock Positions

Earnings

Ticker	Account	Shares	Avg Cost	Current Price	Sector	Mkt Value	P&L	% Portfolio	Wheel-able?	Earnings	Action

Total Equity Value

$0

Strategy Lab

Calculate required collateral, expected profit, annualized ROI, and position sizing for CSPs

Strategy:

Account: (CSPs require cash-secured collateral)

📥 Trade Inputs

Ticker Symbol

Underlying Price ($)

Strike Price ($)

Premium (per share)

DTE

Delta

IV (%)

IVP (%)

Number of Contracts

Commissions ($)

✅ Playbook Rules Check — engine pre-filters active criteria

📊 Calculation Results

Enter trade details to see calculations

📐 Position Sizing

Configure portfolio value first

🛡️ Safer Alternative: Bear Call Spread

Enter inputs to see spread comparison

➕ Add to P&L Log

Margin Account only — CSPs require cash collateral (no registered accounts)

P&L Log & Trade Journal

Track open and closed trades, monthly income, and annualized performance

Total Realized P&L

$0

All closed trades

Avg Annualized ROI

0%

Closed trades only

Win Rate

0%

0 wins / 0 trades

📅 Monthly P&L Summary

Margin

TFSA

📋 Open Trades

Date Open	Ticker	Account	Strategy	Strike	Net Credit	Contracts	P&L	Trade ROI%	PES	Expiry	Rolls	Actions	Notes
No trades logged yet

Trade History & Analytics

Every logged trade with full entry parameters — IV%, DTE, %OTM, delta, rules checklist. Download as CSV for external analysis.

Total Trades

0

Win Rate

0%

Rules-Compliant Trades

0%

Avg Trade ROI

0%

📋 Full Trade Record

Date	Ticker	Strategy	Underlying	Strike	%OTM	Expiry	Delta	IVP%	Premium	Contracts	Net P&L	Trade ROI%	Rolls	DTE✓	Δ✓	IV✓	OTM✓	Prem✓	All Rules	Outcome	Notes
No trades logged yet. Log trades in the P&L tab.

Strategy Suggestions & Tips

Personalized guidance based on the Wheel Strategy playbook and your portfolio configuration

🎯 High-Priority Enhancements

📅 The 50% Rule — Always Use GTC Orders

Immediately after entering a CSP, place a GTC buy-to-close order at 50% of your premium received. This automates profit-taking and frees capital for the next trade — effectively doubling your annualized ROI per dollar deployed versus holding to expiry.

📊 IV Rank Timing — Only Enter When IVR > 50

Premiums are richest when implied volatility is elevated. Waiting for IVR > 50 ensures you're selling expensive options, not cheap ones. If IVR is below 30, the premium reward rarely justifies the risk taken.

📅 Earnings Avoidance — 5-Day Rule

Never hold options through earnings announcements. Close or roll any position at least 5 days before the earnings date. Post-earnings IV crush can tank premium, while an adverse move can blow up a position that was otherwise healthy.

📉 RSI Entry Filter — Wait for Pullbacks

Open new CSPs only when RSI < 40 or after a 5–10% pullback from recent highs. This gives you a better strike buffer and higher premiums simultaneously — the double advantage of patience.

⚠️ Risk Management Rules

🔄 Two-Roll Maximum Rule

If a CSP is challenged, you may roll it out in time for a net credit — but maximum 2 rolls. After 2 rolls, accept assignment rather than rolling into a "forever position." The trap of endless rolling is one of the most common wheel strategy mistakes.

📉 15% Drop Rule — Exit at Loss

If the stock drops more than 15% below your CSP strike, reassess the fundamental thesis. If the reason you'd own the stock has changed, close the position at a loss rather than getting assigned on a broken stock.

🏦 No Margin Rule

All puts must be 100% cash-secured. Using margin amplifies both gains and losses — during a market correction, margin calls can force you to close positions at the worst time, turning a manageable loss into a catastrophic one.

💡 Added Features You Might Consider

📈 Dividend Capture Integration

The Wheel strategy's full power includes dividends as the third income stream. For stocks like KO, PG, JPM, ENB — track ex-dividend dates and factor dividend income into your total return calculation. A $100k portfolio in dividend-paying wheeler stocks can add 2–4% annually on top of options premiums.

📊 Credit Spread Alternative to Naked Calls

Instead of naked calls (unlimited risk), consider bear call spreads: sell a call + buy a higher call. You cap your maximum loss, reduce margin requirements significantly, and still collect a premium. E.g., sell $210C / buy $220C — collect premium, risk defined to $10/share spread.

📅 Market Regime Adjustment Table

Adapt your strategy dynamically: Bull market → 0.25–0.35 delta, 10–12 positions, 20% cash. Neutral → 0.20–0.25 delta, 8–10 positions, 30% cash. Bear market → 0.15–0.20 delta, 4–6 positions, 40–50% cash. The VIX level is your regime indicator.

🇨🇦 TFSA Optimization (Canadian-Specific)

Options premiums in a TFSA are tax-free in Canada — but only for strategies CRA considers investing (not trading). Stick to covered calls on stocks you own long-term, and cash-secured puts on stocks you intend to own. Avoid high-frequency short-term option flipping in TFSA accounts to protect your tax-free status.

⚙️ Watchlist Pre-Qualification

Build a pre-approved watchlist of 20–30 stocks meeting all criteria: $20–$80 price, beta 0.5–1.2, bid-ask <$0.10, open interest >500, profitable fundamentals, preferred dividends. Only wheel stocks on this list. Suggested: AAPL, MSFT, KO, PG, JPM, NEE, SPY, QQQ, TD.TO, ENB.TO, BNS.TO.

📊 Expected Returns by Account Size

Portfolio	Max Per Trade	Max Contracts	Target Monthly	Target Annual

🤖 Signal Engine

⚙️ Engine Configuration

Engine URL

🔗 Account Sync

Account Mapping

Connect the engine to detect IBKR accounts.

Positions
Never

Balances
Never

Fills
Never

📌 Tracked Tickers (max 5)

📡 Engine Status

Status
Not Connected

Last Poll
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Signals
—

Tickers
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Strategies
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⚙️ Screening Criteria

Cash-Secured Put

DTE Min

DTE Max

Delta Min

Delta Max

RSI Trigger ≤

Pullback ≥ (% ×β)

Covered Call

DTE Min

DTE Max

Delta Min

Delta Max

RSI Trigger ≥

Rally ≥ (% ×β)

Changes apply on next engine poll cycle (every 15-30 min during market hours).

🎯 Latest Signals

Ticker	Strategy	Expiry	Strike	DTE	Delta	Mid	Yield%	IVP	RSI	Score
No signals loaded. Enter engine URL and click Refresh Signals.

📋 Signal Log (90-day rolling · up to 3/day)

No signals logged yet.