FAQ

Questions people ask before they connect an account.

Is optiontoolkit giving me trade recommendations?

No. It scores, ranks, advises against your own plan, and records. A high score means a contract screens well on the criteria you set, and next best action reflects the rules you configured, not a view on the market. Nothing is routed anywhere: you place your own orders wherever you already trade.

What goes into the scores?

Four scores out of ten per row. Fundamental covers company quality, growth covers the trajectory, technical covers trend and momentum with RSI shown alongside, and the option score rates the contract itself. The stock score combines the first three. Every one is filterable as a range, and the How every score works link in the app spells out the inputs.

What is the Best Practice Wheel Screen?

The default preset: stocks with strong fundamentals, nice growth and solid technical signals, paired with the best option for a cash-secured put entry to the wheel. Five other presets sit beside it - Best Options, Strong Growth, Strong Fundamentals, Strong Momentum and High Premium - and you can adjust any of them.

What does next best action actually check?

Distance to the strike, days to expiry, and how much of the premium has been captured against your GTC target. It resolves to plain sentences such as on plan, approaching the strike, or 19 DTE - check the 50% GTC, with the reasoning shown underneath.

How is true cost basis calculated?

Assignment freezes the entry cost basis, then every credit collected on that symbol inside the wheel is carried forward against it. Covered call strikes are measured against that number rather than the market price, which is usually the difference between a call that locks in a profit and one that locks in a loss.

What are rules?

Account-level limits you set once - minimum cash reserve as a share of trading capital, maximum concentration in any one symbol. Positions shows current values against them at all times, in amber when a limit is breached, so drift is visible rather than discovered.

Which brokers can I sync?

Interactive Brokers, with positions and fills pulled in automatically and each mark labelled with its age when a feed goes stale. Manual entry covers everything else, and manual legs thread into the same wheel timeline as synced ones.

How is annualized yield calculated?

Credit divided by the capital secured, scaled by 365 over days to expiry. For cash-secured puts that capital is the strike times 100; for covered calls it is your true cost basis, not the current market price. The method is shown in the app so you can check it against your own arithmetic.

How does the example account compare with SPY?

The real trading account shown on the homepage returned 24.72% year to date in 2026 against SPY at 13.64%, a difference of 11.08%, with a maximum drawdown of 0.25%. That is one account over one window and not a promise about yours. Return and drawdown are always shown together, against the same benchmark and period, so you can judge whether the strategy is working rather than read a flattering number on its own.

Can I get my data out?

Yes, on every plan. One-click CSV of every leg, credit, assignment and close, in a layout an accountant can read.

Still unsure?

Start free and walk the whole cycle from screener to performance - three wheels and the full screener cost nothing.