Premium Income Trade Grader
The entry on a premium trade is the easy part. Paste your iron condor, iron butterfly, and strangle closes below and this scores the exit against two rules options-income traders live by: bank the win around 50% of the credit collected, and close or roll before 21 days to expiration, where gamma starts cutting against a defined-risk position. Both figures are conventions from premium-selling practice, not laws, and every number in the grade comes from your own trade log.
One trade per line. Credit and debit are dollars for the whole position. Debit 0 means it closed for nothing or expired worthless. DTE left 0 means it ran all the way to expiration. Structure is optional, one word: condor, butterfly, or strangle. A leading date (YYYY-MM-DD) is fine and only used to order the chart.
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Paste your closed trades, one per line, or load an example. The grade needs at least 3 trades to mean anything.
Every trade
How it scores. 100 points across 3 checks, each scaled to how much of your log clears the bar. Closed before expiration, 40 points, scaled by the share of trades with DTE left above 0. Closed with 21 or more days still on the clock, 30 points, scaled by the share of those early closes that beat the 21-day mark. Winners banked at 50% of the credit collected or more, before expiration, 30 points, scaled by the share of winning trades that hit it. 75 or higher is tight management. 45 to 74 has room to tighten up. Under 45 means too much of the book is riding into the last 3 weeks or straight through expiration, where a fine range trade turns into a pin or an assignment problem. Percent of max credit captured is (credit − debit) ÷ credit, the same math whether the position is defined risk or not, since max profit on a credit trade is always the credit itself. The chart plots cumulative dollars, in date order when every row has a date, otherwise in the order pasted. Keyboard: Ctrl+Enter grades the log, 1 to 3 load the examples, C copies the read, Esc clears the input.
Educational tool only, not financial advice. The 50% and 21-day figures are conventions popularized by options-income traders, not statistical laws, and a short log will swing a win rate hard on one trade. This grades exit discipline from the numbers you give it. It has no view on whether the trade should have been placed at all.
Built by Jason Parker, founder of Trading Ranges.
Built by Jason Parker, founder of Trading Ranges.