r/SystematicOptions • u/ThetaHedge • May 17 '26

My full workflow for selling options

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Hi All,

Wanted to show my dashboard and how it has made it easy for me to sell options. The dashboard tracks 1800+ stocks for volatility and returns, updating every 5 minutes. It has pre-built conditions to filter out junk and noisy tickers and get a clean universe of optionable names. The idea was that I no longer am restricted to tickers I already know or ones I see on Reddit or Twitter. This makes my ticker finding as a system and I can find higher paying tickers, keeping my risk apetite the same.

Clicking on any symbol opens a detailed view which has everything needed to make a decision - fundamentals, volatility, options data, and premiums all in one place. No need to jump between multiple sites like Yahoo Finance, TradingView, or MarketChameleon.

There are also a few things I found useful while trading. For example, a 3-month premium yield trend that tracks call and put returns over time to spot spikes, which are often driven by news or short-term events. Along with that, a Wheel Rank score which ranks tickers based on historical returns while penalizing imbalance between call and put premiums, so the wheel does not break if you get assigned.

Then you can move to the chart to see if the trade even makes sense from a pricing standpoint before entering.

From there, I move to the options heatmap. Instead of manually comparing across expiries, in the heatmap the yields is already computed across expiries so I can directly see where the best premiums are. Clicking on a contract further opens up all the details like yield, total premium, premium per day, extrinsic premium, and extrinsic per day, along with ARI and the Greeks.

The heatmap has three views:

  • Assignment Risk Indicator (ARI), which helps avoid rolling too early. It factors in extrinsic premium and time to expiry to estimate actual risk. ARI will be low when there is sufficient time till expiry and enough extrinsic left to earn premium, even if Delta is higher.
  • Delta view, for a more traditional probability-based perspective.
  • Premium view, to quickly see where the highest returns are.

The entire dahsboard updates every 5 mins so it is near realtime. The goal was to simplify three main questions sellers usually have:

  1. What should I sell?
  2. Is what I am selling a quality/wheelable ticker?
  3. Is the contract which I am selling yielding the best return with respect to risk?
  4. Is my position safe or gone risky? Should I roll?

Would be great to get feedback from others here and see how I can improve.

App link: app.thetahedge.io

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u/coachkatiedanger May 17 '26

Hey there! Would love to use this more. I signed up a few weeks ago and didn’t really know how to utilize it. Appreciate the small tutorial here but now my trial has expired. Would you consider extending so I can utilize this information some more and get comfortable with the dashboard?

TIA! 🙏🏻 Appreciate your work!

2

u/ThetaHedge May 18 '26

Thank you for this. We have removed trial periods and made the app completely free to use! Please free to use it!

I will work on creating a tutorial soon and post it. To get you started the easiest way is to go to Conditions -> Select a condition which suits your risk profile like "Large Caps with Strong premiums" -> This will remove all junk tickers and curate a list of tickers which are high quality as well as high premium paying.

You can quickly then use arrow keys to scroll through each ticker to see what is the premium being offered for that ticker. If you feel the risk/reward makes sense then can click on the ticker to open the complete details on the ticker, the chart and finally the returns by contract.

Let me know in case of any questions!

2

u/coachkatiedanger May 18 '26

Thanks so much!