Built for traders who take their craft seriously.
Theta Beta is a professional options trading journal and performance analytics platform built for serious wheel traders. Connect your brokerage, import your trade history, and get the honest analytics you need to understand exactly what your strategy is producing.
A note from the founder
I'll be honest: I'm new to trading. I built Theta Beta because I wanted something simple — for people who think like me.
What I care about is a weekly goal. I like to see how I'm doing clearly, without drowning in granular detail. That's why Theta Beta keeps two numbers front and center: a cash P&L and a trade P&L. Together they tell me whether I hit my goal for the week — and how the week stacks up across the month and the year.
I run the wheel, and I try to hit 1% a week. It's not easy. But having one clean place to see how I'm tracking — week, month, year — keeps it feeling achievable, and keeps me honest about how I'm actually doing.
Theta Beta started as a tool I built for myself, and grew into something I wanted to put in front of other people. I build it through my company, Hevel Group — and I'm in it for the long haul.
If that's how you think about trading, I built this for you too.
— Austin Norville · Founder, Hevel Group · LinkedIn
What Theta Beta does
Most traders track their performance in spreadsheets — or not at all. Theta Beta replaces that with a purpose-built journal that understands the wheel: covered calls, cash-secured puts, assignments, rolls, and the P&L that flows from all of it.
- Live brokerage sync — Tastytrade, Schwab, Fidelity, Robinhood, E*TRADE & Webull, with more brokers on the way
- CSV import — free for every supported broker, always
- Dual P&L modes: Cash P&L and Trade P&L
- Time-Weighted Return with deposit-adjusted CAGR
- Assignment risk monitoring scored by delta and DTE
- Campaign management and roll attribution across positions
- Expiration calendar and equity curve tracking
Who built this
Theta Beta is developed and operated by Hevel Group, a small software company building focused SaaS tools for traders and professionals. Every feature was built to solve a real problem encountered in day-to-day options trading — not to pad a feature list.
This is not a large company. Anyone can start free in seconds — no invite required — and we obsess over reliability and polish so every trader can trust the numbers.
Early access
Theta Beta is currently in private beta. We review every access request personally and approve users who are a good fit for the platform. Once accepted, you get full access to all features including brokerage sync, dual P&L modes, and analytics.
If you're an active wheel trader and want access, request early access here.
Financial disclaimer
Theta Beta is a journaling and analytics tool only. Nothing in this application constitutes financial advice, investment advice, or a recommendation to buy or sell any security. All trading involves risk. Past performance shown in your journal does not guarantee future results. Always consult a qualified financial professional before making investment decisions.
Contact
For support, access requests, or questions, visit thetabeta.app/contact or reach us at austin@thetabeta.app.