Options selling strategy, tools & insights
Run the wheel start to finish with the Options School's interactive builders: price a cash-secured put, check a covered call against your basis, decide a roll honestly, and spin the full assignment cycle.
The variance risk premium, the 1987 smirk, return skew, and the Sharpe ratio's blind spot — the Options School's Volatility & Skew course, with its interactive simulators embedded.
Theta Desk turns your trading rules into a living SOP: per-sleeve entry gates, position sizers, and exit rules — every dollar figure pegged to your live NAV. Here's how the rulebook engine works.
Most options sellers size trades one at a time and let the portfolio happen by accident. The Portfolio Allocator sets VIX-scaled premium budgets, gates every trade against the whole book, and flags drift before it becomes a problem.
Why premium sellers blow up, and how sizing prevents it: the hidden tail, the over-aggression hump, Kelly criterion intuition, and drawdown arithmetic — with the Options School's interactive simulators embedded.
What an option actually is, before any strategy: calls vs puts, the payoff hockey stick, intrinsic vs extrinsic value, and what happens at expiry — with the interactive mini apps from the Options School's Foundations course.
Delta as share exposure and ITM odds, theta as the seller's paycheck, vega as the earnings ambush, gamma as the hidden accelerant — with the live mini apps from the Options School's Greeks course.
Track your wheel strategy with automatic cost basis, roll handling, IBKR import, and analytics that flag your trading mistakes. Stop losing money to spreadsheet errors.
Import your Interactive Brokers options trades into ThetaHarvester's Wheel Tracker using a Flex Query CSV export. Step-by-step setup guide with screenshots and troubleshooting.
Most options sellers guess at outcomes. A Monte Carlo simulation runs thousands of price paths to show your probability of assignment vs keeping premium — and projects 12 months of income. Here's how it works.
A cash-secured put is more than a limit order with premium. Here's how to evaluate CSP setups across delta, yield, spread, and earnings risk — and run the strategy mechanically.
The wheel strategy combines cash-secured puts and covered calls into a repeatable income loop. Here's how it actually works, when it breaks down, and how to run it mechanically.
Most covered call calculators only show profit and loss. Here's how to evaluate the full picture — delta, premium yield, liquidity, and assignment risk — before entering the trade.
ThetaHarvester grades your options setups before you enter the trade. Here's how it works and why mechanical execution beats gut feeling.