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: research tools + monthly Athena tokens · Pro 7-day trial via 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 so the decision is data-driven.
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Free
Forever free after signup
- Athena AI — monthly token allowance (same agent)
- Max Pain & Key Levels
- Options Chain (near-term expirations)
- Options Value Calc
- Company Fundamentals
- REST quotes (no streaming)
Pro Monthly
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- Full platform includes:
- Everything in Free
- Higher Athena monthly tokens + 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 Optimizer
- Full expiration depth & history
Pro Annual
Best value
$41.58/mo
- Full platform includes:
- Everything in Free
- Higher Athena monthly tokens + 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 Optimizer
- Full expiration depth & history
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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.