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.

Start free — no card Sign in to your account

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

6 Brokers Synced

CSV Import Free

Mobile Ready

Your accounts stay yours

Read-only — always

We can never place trades, withdraw, or move your money. Connections are view-only.

We never see your broker login

SnapTrade handles the brokerage connection — your password never touches our servers.

Encrypted & isolated

Bank-level encryption, and row-level security walls your data off from every other user.

Yours to keep — never sold

We don't sell or share your data. Export it or delete your account anytime.

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, Schwab, Fidelity, Robinhood, E*TRADE & Webull and your trades sync automatically via SnapTrade — read-only, your login never touches our servers. 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

💼

Portfolio & Holdings

Not just options. Buy-and-hold or managed accounts get a clean Holdings view — positions, market value, allocation, dividend income, and weekly mark-to-market P&L. One place for your whole portfolio.

holdings

📈

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

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.

Start free in seconds — no credit card. Upgrade to Pro anytime for live brokerage sync.

Starter

^$0

free forever · no credit card

Unlimited positions & trade history
Dual P&L modes (Cash P&L + Trade P&L)
Cash flow isolation (deposits/withdrawals excluded from P&L)
Assignment risk monitor
Campaign management
CSV import from any broker
Expiration calendar · dark mode

Start free

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.

Start free — no card

Free forever plan — no card · 14-day Pro trial

Your options edge,finally visible.

Everything the wheel demands.Nothing it doesn't.

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.

Set up in minutes.
Trade with clarity.

Stop guessing at your
options performance.