OptionIncome is a comprehensive, SEO-friendly SaaS platform designed to revolutionize how options traders track and analyze their strategies. It automatically syncs with major brokers, transforming raw trade data into actionable insights for covered calls, spreads, and the popular wheel strategy. This powerful tool is ideal for individual options traders, income investors, and anyone looking to manage their options portfolio like a professional business.

Key Features

• Automatic Options Trade Tracking: Connect your broker once for seamless syncing of full history and live positions, automatically classifying strategies from simple Covered Calls to complex Iron Condors.
• True Cost Basis for Wheel Strategy: Factors in every premium collected (CSP, Covered Calls) to provide an accurate adjusted cost basis, ensuring profitable strike selection.
• Track Rolling Profitability: Links rolled positions to reveal the true running P&L of a strategy from its inception to final close, unlike brokers that show "realized losses."
• Comprehensive Options Journal: A searchable record of all closed trades, allowing users to analyze cumulative P&L curves, identify winning strategies, and track premium consistency.
• Live Position Monitoring: Offers real-time Greeks, IV, and TradingView charts for open contracts, enabling instant identification of risky positions, profit targets, and roll candidates.
• Broker Auto-Sync: Supports major brokers like Robinhood, Schwab, Tastytrade, E-Trade, Fidelity, and Webull, with IBKR and Moomoo coming soon, using secure read-only OAuth authentication.

Use Cases

OptionIncome is invaluable for options traders who find their broker statements inadequate for strategic analysis. If you're running complex strategies like the wheel or various spreads, your broker often presents individual legs as separate trades, obscuring the overall profitability. OptionIncome solves this by intelligently linking these trades, providing a clear, consolidated view of your strategy's performance. For income investors utilizing covered calls or cash-secured puts, OptionIncome ensures you always know your true cost basis, factoring in all collected premiums. This is crucial for making informed decisions on strike prices and managing assignments. Furthermore, the platform helps traders identify which strategies are genuinely profitable and which might be underperforming, allowing for data-driven adjustments to their trading approach.

Pricing Information

OptionIncome offers a 14-day free trial with full access to all features. After the trial, users can subscribe to the Standard Plan for $19/month (billed annually) or the upcoming Pro Plan for $39/month (billed annually), which includes advanced insights and a portfolio-aware screener. A Lifetime Plan is also available for a one-time payment of $399, granting access to all current and future Pro features.

User Experience and Support

The platform prioritizes ease of use with its automatic broker synchronization, eliminating the need for manual data entry or CSV uploads. The interface is designed to provide clear, actionable insights, allowing traders to quickly assess their portfolio's health and identify opportunities. Support resources include comprehensive documentation and a changelog to assist users with common questions and updates.

Technical Details

OptionIncome leverages the secure SnapTrade API, a SOC 2-compliant broker connector, to ensure safe and read-only access to users' historical option trades and current positions. The platform is specifically built for equity options, supporting a wide range of strategies including Cash Secured Puts, Covered Calls, various Spreads, Iron Condors, and Strangles.

Pros and Cons

• Pros:
  • Automated broker synchronization for effortless tracking.
  • Accurate P&L tracking for complex multi-leg strategies and rolls.
  • Calculates true adjusted cost basis for the Wheel Strategy.
  • Identifies profitable strategies and areas for improvement.
  • Real-time market data (Greeks, IV) and position monitoring.
  • User-friendly interface with no manual data entry.
• Cons:
  • Does not currently support options on futures or crypto.
  • Some advanced features (Pro Plan) are "coming soon."
  • Requires manual "Sync Broker" click for new trades (auto-sync is coming soon).
  • Limited broker support, though actively expanding.

Conclusion

OptionIncome empowers options traders to move beyond basic broker statements and gain a true understanding of their trading performance. By providing automated tracking, strategic P&L analysis, and real-time insights, it helps users treat their options trading as a serious business. Explore OptionIncome today to optimize your strategies and achieve consistent profitability.