Built for covered calls and cash-secured puts

Compare roll scenarios before you decide.

Compare roll choices by credit, breakeven, and projected scenarios. See what happens if your position is assigned or not assigned before you make the move.

No credit card required
Built for covered calls and CSPs
Save time reviewing option scenarios

Roll comparison

Compare the outcome before you roll.

See the credit, profit, and return for both assignment outcomes.

ASTSCovered callLikely assignment

Jul 17 · $85 strike · 1 contract

Stock price
$87.42
Premium
+$186
Breakeven
$83.14
S&P outperformance
+2.33%
SOFICash-secured putExpiring soon

Jul 17 · $17 strike · 2 contracts

Stock price
$17.92
Premium
+$142
Breakeven
$16.29
S&P outperformance
+1.07%
AAPLCovered callOn track

Jul 24 · $315 strike · 1 contract

Stock price
$306.97
Premium
+$228
Breakeven
$298.72
S&P outperformance
+3.18%
ASTSCovered callLikely assignment

Jul 17 · $85 strike · 1 contract

Stock price
$87.42
Premium
+$186
+$18
Breakeven
$83.14
-$0.18
S&P outperformance
+2.33%
+0.41%
$87 Call
Jul 31
Selected
+$42 credit
Not assigned
$1,524
Profit
15.8%
return
Assigned
$1,087
Profit
11.3%
return
$90 Call
Jul 31
Selected
+$18 credit
Not assigned
$1,500
Profit
15.5%
return
Assigned
$1,378
Profit
14.2%
return
Do nothing
Current position
Selected
$0 credit
Not assigned
$1,482
Profit
15.3%
return
Assigned
$934
Profit
9.7%
return
Tradeoff made clear.
Less credit today, but a stronger outcome if assigned.

Illustrative examples only. Any figures shown are hypothetical, are not guaranteed, and do not represent expected or typical results. Actual outcomes vary and involve risk.

Compare option candidates before you enter.

Start with stocks you already follow, narrow down the available contracts, and review the possible assignment outcome before opening the trade.

Review stock and option liquidity
Compare a focused list of trade candidates
Review premium, return, delta, and breakeven

Find a trade

Start with stocks you already follow.

Narrow the list, compare candidates, and review assignment before entering.

AAPL
Apple
$306.97IV 48%Earnings 26dHighScore 80
ASTS
AST SpaceMobile
$87.42IV 78%Earnings 34dMediumScore 73
SOFI
SoFi Technologies
$17.92IV 69%Earnings 25dHighScore 76
AMD
Advanced Micro Devices
$186.14IV 61%Earnings 32dHighScore 68
KTOS
Kratos Defense
$55.51IV 83%Earnings 28dLowScore 54
AAPL
Ready
Price: $306.97 · IV rank: 48% · Earnings in 26 days
Sell putSell call
Expiration
Jul 10Jul 13Jul 17

Illustrative examples only. Any figures shown are hypothetical, are not guaranteed, and do not represent expected or typical results. Actual outcomes vary and involve risk.

Track the entire strategy, not just one contract.

Every premium, roll, assignment, and covered call remains connected to the same position so you can see how the strategy is actually performing.

Keep every roll in one position history
Track premium and return across each position
See how each leg affects total performance

Position tracking

Track the entire strategy, not just one contract.

Premiums, rolls, assignments, and covered calls stay connected.

Net premium
$2,130
+$38
Strategy return
5.0%
+0.2%
S&P outperformance
+2.33%
+0.31%
Expiring soon
1
-1
SOFIExpiring soon
Cash-secured put
PUT $16.50 · Jul 1
Leg return
1.33%
Total premium
$220
Breakeven
$16.28
Annualized
48.7%
CAVAReady for covered call
100 shares @ $88.00
Price: $76.88
Position return
19.76%
Total premium
$1,739
Breakeven
$71.61
S&P outperformance
+2.33%
ASTSLikely assignment
Covered call
CALL $85 · Jul 17
Leg return
2.18%
Total premium
$186
Breakeven
$83.14
Annualized
31.6%
SOFIExpiring soon
PUT $16.50 · Jul 1
Leg return
1.33%
+0.23%
Total premium
$220
+$38
Breakeven
$16.28
-$0.16
Annualized
48.7%
+2.5%
Position history
Jun 22
Opened SOFI $16.50 put
+$220
Jul 1
Rolled to Jul 15
+$38
Every leg stays connected.
Premium, breakeven, return, and benchmark performance update without breaking the position history.

Illustrative examples only. Any figures shown are hypothetical, are not guaranteed, and do not represent expected or typical results. Actual outcomes vary and involve risk.

Features

More clarity at every step of the strategy.

Find a trade, compare the possible outcomes, manage the position, and measure the full result in one workflow.

Compare options candidates.

Compare CSPs and covered calls side-by-side with the metrics that matter most.

CSP Example30 DTE
Premium Yield1.31%
Annualized Yield20.4%
Assignment RiskLow
Breakeven$143.21
Win Probability67%

Compare available position choices.

Review holding, assignment, rolling, and covered-call scenarios in one view.

Decision SummaryAAPL
Hold
Call expires worthless
+$156
Assigned
Shares called away
$875
Roll
Move $82C → $85C
+0.8%
Best next action Review Roll

Track position and strategy metrics.

Go beyond premium collected and review how your wheel strategy has performed over time.

Performance SummaryAll Time
Total Premium$15,550
Annualized Return18.76%
Win Rate68%
vs S&P 500 +3.27%

Analyze your strategy over time.

Detailed metrics help you review your approach and position history.

Equity CurveAll Time
— Your Portfolio— S&P 500

Illustrative examples only. Any figures shown are hypothetical, are not guaranteed, and do not represent expected or typical results. Actual outcomes vary and involve risk.

One workflow.
Every step connected.

ThetaRank brings screening, scenario comparison, and position tracking into one wheel-strategy workflow.

Review fewer, focused candidates
Review assignment scenarios
Streamline contract research
Track strategy performance

No credit card required

Pricing

Start free. Upgrade when you need more power.

Free users can track a few positions and explore the basics. Pro unlocks unlimited tracking, advanced metrics, and roll analysis.

Free

$0

Good for getting started.

Up to 5 approved underlyings
Basic screener
Track starter positions
Limited metrics
Recommended

Pro

$20/mo

For active wheel traders.

Unlimited approved underlyings
Full wheel candidate screener
Advanced performance metrics
Roll analysis