Options Trading Platform — Morning Brief

🧠 Morning read

**Morning Read** The single most important action today is reviewing the MSTR covered call for a potential roll — it's flagged on both delta (0.63) and a monitoring event, is showing negative captured premium, and carries earnings-before-expiry risk, making it the most time-sensitive position in the book. The income picture is significantly offside, with projected income of $27.12 against a $250 target, leaving a $222.88 gap, so the MSTR opportunity cluster (CSPs, covered calls, bull put spread) across multiple WATCH scores in the mid-to-high 70s deserves close attention as a potential way to close that gap. Primary risk to watch is the MSTR earnings event falling before expiry on the existing covered call — that binary event could move the position sharply and should weigh heavily on any roll timing or new position sizing decisions.

	Symbol	Strategy	Reason	Action
●	MSTR	covered_call	position ROLL	ROLL
○	MSTR	cash_secured_put	score 76.18 → WATCH	WATCH
○	MSTR	cash_secured_put	score 76.18 → WATCH	WATCH
○	MSTR	covered_call	score 76.18 → WATCH	WATCH
○	MSTR	covered_call	score 76.18 → WATCH	WATCH
○	MSTR	covered_call	score 75.73 → WATCH	WATCH
○	MSTR	bull_put_spread	score 73.29 → WATCH	WATCH

Capital at work 41%
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How much of your capital is working (securing short puts + stock) vs idle. The red line is your deployment target; the fill turns amber when you're below it. If under target, the list ranks new trades to deploy — sized to close the gap — with the extra daily theta they'd add. Goal: keep the bulk of capital at work for monthly income (a small reserve stays free for rolls/assignments).

Deployed $83,642Total $202,139$117,938 idleTarget 80% · $78,070 to deploy

Deploy ~$27,637 to reach your 80% target — adds ~$57/day theta:

MSTRcash secured put~$13,000 BP+$13/day MSTRcash secured put~$13,500 BP+$15/day MSTRbull put spread~$334 BP+$17/day AAPLbear call spread~$803 BP+$13/day

Action list — by ticker 3

Your daily action list, grouped by ticker and ordered most-urgent first. Each card shows the recommended action — CLOSE / ROLL / MONITOR for positions you hold, TRADE / WATCH for new opportunities — with the key numbers and plain-English reasons behind it. The system decides nothing for you: you review each item and execute manually in thinkorswim.

MSTRROLL · WATCH · NO_ACTIONPosition maintenance

MSTR $145 CALL · 20 Nov 26

ROLL

Δ +0.63 DTE 63 strike $145 spot $153.47 captured -106% extrinsic $13.73 ITM earnings before exp roll · delta breached watch · earnings/IV event

Shares you own: shares 200 you paid $300.00/sh cost basis $282.74/sh unrealized −$26,055

|short delta| 0.6341 ≥ roll 0.45 → ROLL (defend)
earnings before expiration → MONITOR

Order ticket mid $23.57 (live) · target 50% $5.40

BUY TO CLOSE [QTY] MSTR 20 Nov 26 $145 CALL  LMT $23.57  DAY   —then—  SELL TO OPEN [QTY] MSTR [new exp] [new strike] CALL

Set [QTY] to your contract count and review in thinkorswim. The system does not transmit orders (D-030 Phase 1 — manual execution).

Roll to:

credit · Sell $170 CALL · 2026-10-23 (35 DTE) · Δ+0.35 · buy back $22.20 → net −$15.12

protect · Sell $190 CALL · 2026-10-23 (35 DTE) · Δ+0.20 · buy back $22.20 → net −$18.60

MSTR cash secured put

WATCH

Sell $130 PUT · Oct 16 $2.89 credit 28 DTE · Δ -0.17

score 76 rating Watch BP ~$13,000 theta +$13/day

portfolio_fit 8/16: no portfolio
risk 6/14: IV-rank 24.957
liquidity 8/10: OI 3759/vol 2537
dte 4/5: dte 28 vs pref [30,45]
buying_power 2/5: no portfolio
diversification 2/5: no portfolio

MSTR cash secured put

WATCH

Sell $135 PUT · Oct 16 $4.10 credit 28 DTE · Δ -0.23

score 76 rating Watch BP ~$13,500 theta +$15/day

portfolio_fit 8/16: no portfolio
risk 6/14: IV-rank 24.957
liquidity 8/10: OI 3163/vol 1223
dte 4/5: dte 28 vs pref [30,45]
buying_power 2/5: no portfolio
diversification 2/5: no portfolio

MSTR covered call

WATCH

Sell $180 CALL · Oct 16 $3.91 credit 28 DTE · Δ 0.24

score 76 rating Watch theta +$17/day

Shares you own: shares 200 you paid $300.00/sh cost basis $282.74/sh unrealized −$26,055

portfolio_fit 8/16: no portfolio
risk 6/14: IV-rank 24.957
liquidity 8/10: OI 10948/vol 2207
dte 4/5: dte 28 vs pref [30,45]
buying_power 2/5: no portfolio
diversification 2/5: no portfolio

MSTR covered call

WATCH

Sell $190 CALL · Oct 16 $2.74 credit 28 DTE · Δ 0.17

score 76 rating Watch theta +$15/day

Shares you own: shares 200 you paid $300.00/sh cost basis $282.74/sh unrealized −$26,055

portfolio_fit 8/16: no portfolio
risk 6/14: IV-rank 24.957
liquidity 8/10: OI 1830/vol 994
dte 4/5: dte 28 vs pref [30,45]
buying_power 2/5: no portfolio
diversification 2/5: no portfolio

MSTR covered call

WATCH

Sell $185 CALL · Oct 16 $3.25 credit 28 DTE · Δ 0.20

score 76 rating Watch theta +$16/day

Shares you own: shares 200 you paid $300.00/sh cost basis $282.74/sh unrealized −$26,055

portfolio_fit 8/16: no portfolio
risk 6/14: IV-rank 24.957
liquidity 8/10: OI 948/vol 487
dte 4/5: dte 28 vs pref [30,45]
buying_power 2/5: no portfolio
diversification 2/5: no portfolio

MSTR bull put spread

WATCH

Sell $140P / buy $135 · Oct 16 $1.66 credit 28 DTE · Δ -0.29 · $3.34 max risk

score 73 rating Watch BP ~$334 theta +$17/day

portfolio_fit 8/16: no portfolio
premium 10/15: income 0.3320 vs target 0.25
risk 7/14: IV-rank 24.957
liquidity 8/10: OI 2431/vol 3104
buying_power 2/5: no portfolio
diversification 2/5: no portfolio

MSTR long equity

NO_ACTION

spot $153.47

data gate: cannot evaluate this cycle

AAPLPASSNo action

AAPL bear call spread

PASS

Sell $350C / buy $360 · Oct 16 $1.97 credit 28 DTE · Δ 0.27 · $8.03 max risk

score 71 rating Pass BP ~$803 theta +$13/day

portfolio_fit 8/16: no portfolio
premium 6/15: income 0.1970 vs target 0.25
risk 9/14: IV-rank 31.043
liquidity 8/10: OI 21182/vol 4141
buying_power 2/5: no portfolio
diversification 2/5: no portfolio

PLTRNO_ACTIONNo action

PLTR long equity

NO_ACTION

spot $176.59

data gate: cannot evaluate this cycle

Open orders 0

Your live working orders at Schwab (refreshed intraday) and, for each short, whether a resting GTC buy-to-close is already in place (protected ✓) or not (exposed ⚠ — you could miss the window). Place standing closes from the section below.

As of 2026-10-03 00:00 · 0/1 shorts have a resting GTC close. ⚠ Exposed (no standing close): MSTR — place them in Standing closes below.

Standing closes — GTC 1

A resting GTC (good-till-canceled) buy-to-close order at 50% of the credit you received. It sits at Schwab and fills automatically when the option decays to target, so you capture the win without watching — no missed window. Rolls/assignment still need attention (a static order can't handle those).

Place a resting GTC buy-to-close at 50% of the credit on each short so profits capture automatically — no missed window. Set [QTY] to your contract count.

Volatility — IV rank 12
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IV rank = where today's implied volatility sits within its ~1-year range (0 = cheapest, 100 = richest). Higher rank = richer option premium = better conditions to sell puts. Rows are sorted richest first; the sparkline is ~180 days of reference IV with today marked.

Sorted richest → cheapest. Higher rank = richer premium (better to sell puts). Sparkline = ~180-day reference-IV history; dot = today.

DALIV rank 61IV 49%

AAPLIV rank 49IV 25%

JPMIV rank 29IV 27%

PLTRIV rank 26IV 49%

SOFIIV rank 24IV 54%

MSTRIV rank 23IV 66%

TSLAIV rank 22IV 44%

AMDIV rank 18IV 51%

IBITIV rank 15IV 36%

SPYIV rank 15IV 12%

AVGOIV rank 4IV 36%

NVDAIV rank 0IV 30%

Held back by earnings 6
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Names blocked by the earnings rule (R-E1). Selling premium across a scheduled earnings report is the biggest overnight-gap risk for an option seller — the stock can jump 10–20% and blow through your strike. Any candidate whose expiration is after the company's next earnings date is dropped (config: block_earnings). It comes back automatically once earnings has passed.

These names had eligible options today, but a company earnings report lands before expiration — blocked by rule R-E1 (an earnings gap can blow through the strike). They return automatically once earnings has passed.

AAPLreports ~Oct 28cash secured put, bull put spread, bear call spread

DALreports ~Oct 8cash secured put, bull put spread, bear call spread

JPMreports ~Oct 13cash secured put, bull put spread, bear call spread

MSTRreports ~Oct 28cash secured put, bull put spread, covered call, bear call spread

SOFIreports ~Oct 26cash secured put, bull put spread, bear call spread

TSLAreports ~Oct 20cash secured put, bull put spread, bear call spread

Flow — put activity 1
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A free, Polygon-derived proxy for options flow: per symbol, put trading volume vs open interest. A high ratio = unusual/fresh put activity (often hedging or bearish positioning) — a risk warning when you're about to sell puts on that name. Not paid institutional flow (Unusual Whales); a sensible first-pass filter from data you already have.

⚑ Elevated put flow: MSTR — a risk warning (possible hedging/bearish positioning); the system flags it, you decide. Derived from option volume vs open interest — no paid feed.

MSTRput vol/OI 0.311vol 41,351⚑ heavy put flow

IBITput vol/OI 0.173vol 68,023

TSLAput vol/OI 0.152vol 35,530

AMDput vol/OI 0.139vol 17,283

AAPLput vol/OI 0.134vol 30,989

DALput vol/OI 0.128vol 1,272

AVGOput vol/OI 0.123vol 14,414

SOFIput vol/OI 0.104vol 11,467

SPYput vol/OI 0.072vol 171,375

JPMput vol/OI 0.071vol 2,457

PLTRput vol/OI 0.07vol 11,161

NVDAput vol/OI 0.068vol 39,866

Morning Brief 2026-09-18

🧠 Morning read

Action queue 7

Open orders 0
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Your live working orders at Schwab (refreshed intraday) and, for each short, whether a resting GTC buy-to-close is already in place (protected ✓) or not (exposed ⚠ — you could miss the window). Place standing closes from the section below.

Volatility — IV rank 12
?
IV rank = where today's implied volatility sits within its ~1-year range (0 = cheapest, 100 = richest). Higher rank = richer option premium = better conditions to sell puts. Rows are sorted richest first; the sparkline is ~180 days of reference IV with today marked.

Recent runs
?
How each morning's list is produced, end to end: data sources → feature/vol store → rules gate → scoring + position review → decision engine → brief. Deterministic; the last step is always you.

🧠 Morning read

Action queue 7

Open orders 0?Your live working orders at Schwab (refreshed intraday) and, for each short, whether a resting GTC buy-to-close is already in place (protected ✓) or not (exposed ⚠ — you could miss the window). Place standing closes from the section below.

Volatility — IV rank 12?IV rank = where today's implied volatility sits within its ~1-year range (0 = cheapest, 100 = richest). Higher rank = richer option premium = better conditions to sell puts. Rows are sorted richest first; the sparkline is ~180 days of reference IV with today marked.

Recent runs?How each morning's list is produced, end to end: data sources → feature/vol store → rules gate → scoring + position review → decision engine → brief. Deterministic; the last step is always you.

Open orders 0
?
Your live working orders at Schwab (refreshed intraday) and, for each short, whether a resting GTC buy-to-close is already in place (protected ✓) or not (exposed ⚠ — you could miss the window). Place standing closes from the section below.

Volatility — IV rank 12
?
IV rank = where today's implied volatility sits within its ~1-year range (0 = cheapest, 100 = richest). Higher rank = richer option premium = better conditions to sell puts. Rows are sorted richest first; the sparkline is ~180 days of reference IV with today marked.

Recent runs
?
How each morning's list is produced, end to end: data sources → feature/vol store → rules gate → scoring + position review → decision engine → brief. Deterministic; the last step is always you.