This task can be performed using Strike Price
Help people making a side income trading options
Best product for this task
Strike Price
web3
Strike Price is a mobile and web app that calculates the probability your covered calls or cash-secured puts expire worthless. By blending weighted historical returns, GARCH volatility, intraday noise, and live implied volatility, it runs Monte Carlo simulations to deliver a single assignment-risk score. Track positions across brokers, set smart alerts, and optimize strike combinations to meet custom income targets—trade options with data-driven confidence. Join the community to share insights.!
What to expect from an ideal product
- Run Monte Carlo simulations with your target income amount to find strike prices that balance risk and reward for your specific dollar goals
- Compare different strike combinations across multiple expiration dates to see which setups consistently hit your monthly or quarterly income targets
- Use the assignment-risk scores to avoid strikes that look profitable but carry too much downside risk for your income strategy
- Set up alerts when new strike opportunities emerge that match your income requirements as market conditions change
- Track your actual results against projected income targets to refine your strike selection process over time
