Your daily action list, grouped by ticker and ordered most-urgent first. Each card shows the recommended action โ CLOSE / ROLL / MONITOR for positions you hold, TRADE / WATCH for new opportunities โ 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.
Income target = your daily theta goal. Projected = theta you'd collect from kept + new positions. Gap = shortfall to target. Buying power = cash available to deploy; Freed by closes = capital that closing flagged positions returns.
ฮ = option delta (assignment-risk proxy). DTE = days to expiration. captured = % of max profit already earned. extrinsic = time value left. A red CLOSE/amber ROLL card also shows a copy-ready order ticket.
Realized = booked results (options premium + stock sold via FIFO + dividends). Unrealized = your open holdings marked to the latest price. Total = realized + unrealized. Tap a symbol to drill in.
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.
The PASS/FAIL gates every candidate must clear (delta, DTE, liquidity, earnings, staleness) with each threshold and the share of today's candidates that passed, plus the scoring weights (which always sum to 100). Everything is config-driven, deterministic, and explainable.
How each morning's list is produced, end to end: data sources โ feature/vol store โ rules gate โ scoring + position review โ decision engine โ brief. Deterministic; the last step is always you.
Longer-term performance: win rate across symbols, where P&L comes from (options vs stock vs dividends vs unrealized), top contributors and biggest drags, and month-by-month realized results.
| Term | Meaning |
|---|---|
| IV rank | Where today's implied volatility sits in its ~1-year range (0โ100). Higher = richer premium. |
| Delta (ฮ) | Rough probability the option expires in-the-money; also an assignment-risk proxy. Short puts are negative. |
| DTE | Days to expiration. |
| Theta | Daily time-decay you collect as the option seller โ the income engine. |
| Extrinsic | Time value left in the option (premium above intrinsic). |
| Captured | % of maximum profit already earned on a short option โ close winners near your target. |
| CSP | Cash-secured put: sell a put, reserve cash to buy shares if assigned. |
| Covered call | Sell a call against 100+ shares you own. |
| Vertical / spread | Two options (sell one, buy a cheaper wing) to cap risk โ e.g. a bull put spread. |
| CLOSE / ROLL / MONITOR | Position actions: buy back; buy back + reopen further out; watch closely. |
| Rating bands | Excellent 95 / Strong 90 / Good 85 / Watch 72 โ how a 0โ100 score maps to a call. |