Options Income Calculator — Covered Calls & CSPs at Scale
The Income Calculator runs your covered-call and cash-secured-put assumptions across an entire watchlist in one batch. Set a delta target or manual strike range, choose your expiration window, and the calculator returns expected premium, annualized yield, capital required, and downside breakeven for every candidate.
Free tier: max pain, key levels, chain, profit calculator, monthly Athena tokens · Pro: 7-day trial at checkout
Sort by yield, total premium, or assignment probability to find the highest-quality income setups across the names you actually want to own. Export results to CSV for trade journaling or weekly screening routines.
Frequently asked questions
What is annualized yield?
Premium received divided by capital at risk, scaled to a 365-day basis. It lets you compare a 7-day weekly with a 45-day monthly on equal footing.
How do I size a cash-secured put?
Capital required equals strike × 100 × number of contracts. The calculator surfaces this directly so you can confirm you have the cash to cover assignment before placing the order.
Should I sell weekly or monthly options?
Weeklies typically deliver higher annualized yield but more management overhead and gamma risk near expiration. Monthlies trade lower yield for less frequent rolling. The calculator shows both side by side.
Pairs well with
New to this? Start with the basics
Pricing
Free stays free. Pro adds streaming, order flow, Greek heatmaps, and the Trading Brief.
Free
No card required
- Athena AI agent, monthly token allowance
- Max Pain & Key Levels
- Options Chain (near-term expirations)
- Options Value Calc
- Company Fundamentals & Earnings Calendar
- REST quotes (no streaming)
Pro Monthly
Cancel anytime
- Everything in Free
- Larger Athena allowance + top-up packs
- AI Trading Brief (daily plan)
- Streaming Quotes
- Real-Time Order Flow
- Intraday Greek Heatmaps (GEX / VEX / DEX)
- Theta Vantage MCP for Cursor, Claude, Codex, Grok, and other remote MCP clients
- Net Premium Drift
- IV Smile & Skew Analysis
- Wheel Strategy Screener, Strike Selector, Income Calculator
- All expirations, full heatmap history
Pro Annual
Best value
$12.42/mo
- Everything in Free
- Larger Athena allowance + top-up packs
- AI Trading Brief (daily plan)
- Streaming Quotes
- Real-Time Order Flow
- Intraday Greek Heatmaps (GEX / VEX / DEX)
- Theta Vantage MCP for Cursor, Claude, Codex, Grok, and other remote MCP clients
- Net Premium Drift
- IV Smile & Skew Analysis
- Wheel Strategy Screener, Strike Selector, Income Calculator
- All expirations, full heatmap history
Start with the free tools
Max pain, key levels, the options chain, the profit calculator, and monthly Athena tokens. Upgrade when you want flow, heatmaps, and the Brief.
Start freeDisclaimer: All content is for educational and informational purposes only. This is not financial advice. Options trading involves significant risk. Please consult with a financial advisor before making trading decisions.