Options Trade Planner & Trade Log V1

Option Trade Planner

Geared for people who understand what options are, but may not fully understand the mechanics involved in trading them.

Packaged in a lightweight Google Sheet to open at home or any mobile device on the go.

Fill out simple information about an option and this will quickly populate a trade plan tailored to your pre-set trade goals.

Define account size & risk tolerance for single trades.

Will populate the number of contract you can purchase within this tolerance (Can also be over-ridden)

Pre-define a stop-loss (%) based on your personal risk tolerance

Will calculate stop loss exit price (in option premium)

Pre-define custom ROI % goals (up to 3), default 10%, 15%, 20%

Will automatically calculate the sell price (in option premium) & the required underlying share movement to reach this goal.

Breaks down the intrinsic value vs the time-value ("fluff") in your trade "Money-ness"

Defines the Theta burn rate of trade and the estimated cost (and loss %) of keeping all options overnight. Also calculates the required share movement needed overnight to cover the Theta loss.

Imports the VIX to reference IV prices built in the time-value of your trade.

Trade Log

Simple trade log that calculates the capital gains tax for each trade. Gross vs Net ROI

Also, while position is open, will track the gain/loss of position from googlefinance.