Use Cases Overview

This section covers common use cases and shows how to use OptionIncome to manage them in practice.

• Wheel Strategy Reduced Cost Basis: track wheel strategies end-to-end and see how collected option premium reduces your effective stock cost basis across rolls and assignments.
• Identify Early Assignment Risk: spot positions with elevated early assignment risk by monitoring extrinsic value decay, delta, and in-the-money exposure.
• Identify Early Closing Opportunity: identify when positions are good candidates for early close based on remaining premium, annualized ROI, and time to expiration.
• Option Rolling PnL: understand the true profit and loss of rolling options by aggregating current positions and past rolled positions.