OptionIncome

OptionIncome is a Finance tool that automatically tracks options trades and journals every position. It helps users analyze performance and optimize option selling strategies for various approaches like covered calls and the wheel strategy.

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At a glance

Pricing

Paid · Freemium

Free tier

Yes

API

Skill level

Technical

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About

What is OptionIncome?

OptionIncome is a comprehensive finance tool designed for options traders, particularly those focused on income strategies. It automatically syncs with major brokers to track live positions and journal closed trades, eliminating the need for manual data entry or CSV uploads. The platform intelligently links related trades, such as those involved in the wheel strategy, covered calls, and spreads, to provide a true running P&L and adjusted cost basis. This allows traders to see the actual performance of their strategies, rather than just individual trades as reported by brokers. OptionIncome supports a wide range of option strategies and offers real-time market data updates, making it an essential tool for optimizing option selling strategies.

Best used for

Ideal for options traders who need to automatically track their positions, analyze the true profitability of complex strategies like the wheel, and maintain a detailed trading journal. Especially valuable for those looking to optimize their covered calls, cash-secured puts, and various spread strategies without manual data entry.

Common actions

track options trades

analyze options performance

optimize trading strategies

journal options positions

manage options portfolios

SaaSfintechanalytics

Capabilities

Key features

Automatic options trade tracking
Options trading journal
Live position tracking
Strategy classification
Rolling profitability tracking
True cost basis calculation
Real-time market data

Target Audience

options tradersincome strategy investorsfinancial analysts

Integrations

robinhoodcharles-schwabfidelitye-tradetastytradewebull

Pricing & Plans

Paid · Freemium · Starting at USD 19.00

$19/month billed annually. Check optionincome.io for current pricing.

FAQs

What is the difference between the options tracker and the options journal in OptionIncome?

The tracker displays your open positions with live Greeks, real-time P&L, and days to expiration. The journal records your closed trade history, allowing you to search and filter P&L by strategy or ticker to identify what's working. Both are integrated and kept in sync automatically.

Does OptionIncome support the wheel strategy and calculate true cost basis?

Yes, OptionIncome is specifically built to support the wheel strategy. It automatically detects wheel cycles, links related trades (cash-secured puts, assignments, covered calls), and calculates your true P&L and adjusted cost basis across the entire cycle, factoring in all collected premiums.

Which brokers does OptionIncome currently support for automatic syncing?

OptionIncome supports major brokers including Robinhood, Charles Schwab, Fidelity, E*Trade, Tastytrade, and Webull. Integrations for Interactive Brokers and Moomoo are also coming soon. All connections use secure OAuth authentication with read-only access.

What option strategies can OptionIncome automatically track?

OptionIncome automatically tracks major strategies such as Cash Secured Puts, Covered Calls, Call/Put Credit Spreads, Call/Put Debit Spreads, Long Calls/Puts, Iron Condors, and Strangles. The platform identifies and categorizes positions based on their leg structure and option types.

Is there a free trial available for OptionIncome?

Yes, every new account receives a 14-day free trial. This trial provides full access to broker sync, live position tracking, trade history, and analytics. After the trial, you can subscribe or your account will revert to view-only mode.

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