Sample data

Track your edge between θ and Δ

Your options edge,
finally visible.

Theta Beta is named for the two forces that define the wheel. Theta — the premium time decay earns you. Delta — the directional exposure you carry when the market moves against you. Most traders feel one and ignore the other. Theta Beta shows you both.

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2-Mode

P&L Views

Pro

Brokerage Sync

Δ Risk

Assignment Monitor

Cash P&L · This Week

+$1,426

STO credits net of BTC costs

Trade P&L · YTD

+$18,340

closed positions realized

thetabeta.app/goals

Cash P&L

Trade P&L

JUN 2025

Net Income

+$4,608

this month

Goal Pace

112%

of target

Win Rate

84%

closed trades

Income Breakdown — Wheel Mode

STO Premium+$5,840

Roll Net Credit+$380

BTC Costs-$1,612

Net Cash P&L+$4,608

Deposits & withdrawals tracked separately — excluded from all P&L figures

Wheel Tracking

Dual P&L Modes

Cash Flow Isolation

Assignment Risk

Campaign Management

Roll Attribution

Tastytrade · Schwab

CSV Import Free

Mobile Ready

Platform Features

Everything the wheel demands.
Nothing it doesn't.

Built from the ground up for traders running covered calls and cash-secured puts. Every screen, every metric, every insight is purpose-built for your strategy.

⚙️

Wheel Position Tracker

Follow each position through its full cycle — CSP → assignment → CC → call-away — with automatic phase detection and exit tracking.

wheel.tracker

📊

P&L Journal

Daily, weekly, and monthly P&L across both modes — Cash P&L and Trade P&L. Know exactly where your alpha is actually coming from.

pnl.journal

⚠️

Assignment Risk Monitor

Every open short position scored by delta and DTE with a clear action recommendation — hold, monitor, roll, or close. Before the broker surprises you.

risk.monitor

🔗

Brokerage SyncPRO

Connect Tastytrade or Schwab and your trades sync automatically. Every supported broker is verified for options — not just connected — with more brokers on the way.

snaptrade

📤

CSV Import — Always Free

Upload a transaction CSV export from any broker and Theta Beta maps it to your journal automatically. No brokerage connection required, ever.

csv.import

🎯

Campaign Management

Group related positions into campaigns and track performance across an entire underlying thesis — from first CSP to final CC exit.

campaigns

📈

Yield & Equity Tracking

Annualized premium yield ranked by ticker, equity curve over time, buying power utilization, and goal pacing against your weekly income target.

yield.analytics

📋

Trade Blotter

Full audit trail of every fill, roll, and assignment. Your trading record — organized, searchable, and always accurate.

blotter

📆

Expiration Calendar

Every open position's expiration date laid out on a calendar view. See your whole book in time — never get caught by a pin risk Friday again.

calendar

⚖️

Dual P&L Intelligence — Cash P&L vs. Trade P&L

Two views, one truth. Cash P&L mode shows the actual cash the strategy generated: STO premium collected, roll net credits, and BTC costs as separate line items. Trade P&L modeshows what closed positions realized. Deposits and withdrawals live in their own lane, completely excluded from every P&L calculation. Add capital to your account and your numbers stay honest. Most journals get this wrong — and never tell you.

pnl.dual-modecash.isolated

Time-Weighted Return

TWRSimple

All-Time TWR

+34.7%

deposits excluded

Annualized CAGR

+22.1%

calendar-weighted

Trailing 1 month+3.2%

Trailing 3 months+8.9%

Trailing 12 months+19.4%

🔒Each week's return is computed on the balance before any deposit that week — so adding capital never inflates your percentage.

Honest Performance Measurement

Your real return.
Not a flattering one.

Most tools show you a simple P&L percentage that gets inflated every time you add capital. Theta Beta computes Time-Weighted Return — the same methodology used by professional fund managers — so your percentage is always a true measure of trading skill, not account size.

⚖️

Time-Weighted Return (TWR)

Each week's return is computed on your balance before any deposit that week. Add $10k mid-month and it doesn't inflate your percentage — your return reflects trading, not capital additions. All-time, trailing 12m, 3m, 1m, and annualized CAGR all use the same methodology.

🔒

Cash Flow Isolation

Deposits and withdrawals live in a completely separate view, excluded from all P&L calculations. Add $50k to your Roth and your dollar P&L stays honest too — no phantom gains from capital movement.

⚪️

Dual P&L Modes

Switch between Cash P&L (how much cash the strategy generated) and Trade P&L (what closed positions realized). These tell different stories — and you need both to understand what's actually happening.

How It Works

Set up in minutes.
Trade with clarity.

Import your trades, track every position, and start seeing your real edge in the numbers.

Import Your Trades

Upload a CSV export from any broker — free forever. On Pro, connect directly via SnapTrade and your history populates automatically.

Track Your Wheel

Log trades, rolls, and assignments. Theta Beta understands the wheel lifecycle and handles all the P&L accounting — in both modes.

Analyze & Refine

Switch between Cash P&L and Trade P&L. Drill into yield by ticker, monitor assignment risk, and know exactly what's working.

Pricing

Simple. Transparent. Worth it.

Free is a fully capable journal — CSV import, full analytics, everything. Pro adds the live brokerage connection.

Currently in private beta — pricing applies at public launch · Early access by invitation only

Starter

^$0

free forever · no credit card

Unlimited positions & trade history
Dual P&L modes (Cash P&L + Trade P&L)
Time-Weighted Return & cash flow isolation
Assignment risk monitor
Campaign management
CSV import from any broker
Expiration calendar · dark mode

Request early access

Stop guessing at your
options performance.

Theta Beta gives wheel traders the one thing every platform is missing: a clear, honest view of what the strategy is actually producing — separated from what just moved through the account.

Request early access

Private beta · Invite-only · Early access by application

Your options edge,finally visible.

Everything the wheel demands.Nothing it doesn't.

Your real return.Not a flattering one.

Time-Weighted Return (TWR)

Cash Flow Isolation

Dual P&L Modes

Set up in minutes.Trade with clarity.

Simple. Transparent. Worth it.

Stop guessing at youroptions performance.

Your options edge,
finally visible.

Everything the wheel demands.
Nothing it doesn't.

Your real return.
Not a flattering one.

Set up in minutes.
Trade with clarity.

Stop guessing at your
options performance.