Option Coach

Options income desk · Beta

Understand option income trades before you place one.

Pick a stock and a strike distance, and see one example setup worked through: what it involves, what it could earn, the most it could lose, and how it might play out. An education and analysis tool, not investment advice.

Example: SPY put spread, middle distance (hypothetical)
1. Tell it what you want

Income on shares you own, getting paid to buy cheaper, or income with a capped loss.

2. Get one clear trade

Exact strike and expiry, the cash you receive, the odds, and the worst case in dollars.

3. Watch it play out

Simulate calm weeks, crashes and rallies, and see exactly what to do in each.

Try the coach

Question 1

What do you want to do?

Question 2

Which stock or fund?

SymbolLastChgIV

☆ pins to your watchlist (this device). E = earnings before expiry. IV = implied volatility. 🔒 = Pro.

Question 3

How far from today's price?

Question 4

How long until expiry?

Adjust the numbers (price, volatility, days)

Model outcomes (hypothetical)

The probability engine

The curve shows how likely each price is at expiry: the higher the curve, the more likely. Red is where your trade would lose money.

In your broker: what you actually click

Call

The right to buy 100 shares at the strike

When you sell a call, you promise to sell your shares at the strike if the buyer asks. You get paid now. Use it on shares you own and would be happy to sell higher.

Below strike: you keep shares + cashAbove strike: shares sold at strike
Put

The right to sell 100 shares at the strike

When you sell a put, you promise to buy shares at the strike if the buyer asks. You get paid now. Use it on stocks you'd be happy to own at a lower price.

Below strike: you buy at strikeAbove strike: you keep the cash

The four buttons every platform has

Sell to OpenStart a trade by selling an option. You receive cash. Income trades start here.
Buy to CloseEnd that trade by buying the same option back. Used to take profit or stop a loss.
Buy to OpenStart a trade by buying an option. You pay cash. The safety-net leg of a spread.
Sell to CloseEnd an option you bought by selling it back.

This is how the option chain typically looks in brokerage platforms (for example NBDB, Questrade, Wealthsimple or Schwab; not affiliated). Prices here are model estimates for learning; your platform shows the live ones. You receive the bid when you sell and pay the ask when you buy; a limit at the mid usually fills.

In the moneyCoach: sell thisCoach: buy thisToday's price

Example order ticket: opening the setup

Example order ticket: closing at 50% of the credit

See it move

History
Day
Price
Your trade

Real closing prices8 in 10 range5 in 10 rangeScenario playing1-year high and lowYour strike

Your trade's profit or loss, day by day

Option value right now, at every price

On the day shownAt expiryWhere you are

Run this trade 500 times

Each run is a random market path with realistic jumps, moving at the stock's actual recent volatility. The coach's rules are applied every day: take profit at 50%, stop at 3× the credit, close the day before expiry.

How the example plan is managed

Words you'll see

StrikeThe price written into the option. It's where your promise to buy or sell kicks in.
PremiumThe cash you receive today for making the promise. It's yours to keep either way.
ExpiryThe date the promise ends. After it, nothing more can happen.
Assigned / called awayThe promise is used: you buy (put) or sell (call) 100 shares per contract at the strike.
SpreadSelling one option and buying a cheaper one further away. The bought one caps your loss.
Bid / Ask / MidBid is what buyers pay you if you sell now; ask is what you pay to buy. Mid is halfway: set your limit there.
DeltaRoughly the chance the option ends in the money. A 0.20 delta put has about a 20% chance of being assigned.
Open interestHow many of that option already exist. Above about 500 usually means fair prices and easy fills.
Buy to closeBuying the option back to end your promise early, usually to lock in profit or stop a loss.

Pricing

Free

$0
  • 10 popular stocks and ETFs, plus a free pick each week
  • Every coaching feature: strategies, scenario player, forecast, broker view
  • Practice-friendly names like F and SOFI
Use it now

Pro

$19/month
  • All 500+ US stocks and ETFs
  • Earnings and price alerts
  • 500-run simulator on any trade
  • Watchlists across devices
See founding-member offer

Pro yearly

$190/year
  • Everything in Pro
  • Two months free
  • Early access to portfolio view
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Beta: everything is free while we test. Prices shown are what we plan to charge.

Founding members

Limited to the first 100 people

Lock in Pro at $9/month for your first year

Pro unlocks all 500+ stocks and ETFs. Founding members pay $9 a month for their first year instead of $19, and can cancel any time.

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