thetatool v0.5.0

thetatool gives you a clear view of the performance of your option positions. It tracks the accumulated cost of each of your strategies as you adjust them over time, and uses this information to calculate accurate profit values and other metrics.

features

• Gain an overview of all strategies (e.g. strangle, vertical spread) that you currently have active.
• Track the accumulated credit of each strategy across rolls in strike price and expiration date.
• Track the premium collected from legging out of strategies.
• Use metrics to help you time your exits and adjustments, including breakevens and profit bounds.
• Integrates with tastyworks® accounts.
• Very low CPU usage.

download

• Windows 64-bit
• macOS 64-bit
• Linux 64-bit

usage

1. Ensure that tastyworks® desktop is installed and logged in.
2. Extract the zip and run the contained executable.
   • MacOS users may need to follow the instructions at the bottom of this page.
   • Windows 7 users should run the thetatool-win7.bat script to automatically launch the tool in a PowerShell window.
3. Your positions will appear in a command prompt (Windows) or terminal (macOS) window, which you can resize to your preference.
4. Use the keyboard shortcuts listed at the bottom of the window to scroll through positions, quit or reload the application. Reloading is only required after making a new trade, in order for the trade to be recognized.

limitations

• Functionality is currently limited to equities (shares and options), with support for futures and futures options coming soon.
• Tracking across stock splits and reverse stock splits produces unreliable results.