Guide
Most journals were built for stock traders: buy here, sell there, done. Premium sellers live in a loop — sell a put, maybe take shares, sell calls, start over. If your journal can't follow that loop, your numbers are fiction.
A stock journal records one open and one close per trade. Selling premium doesn't work that way. A cash-secured put can expire worthless (win), be bought back early (win, smaller), or get assigned — and assignment isn't an ending, it's a hand-off: the trade becomes 100 shares and a new covered-call campaign. The P&L of the "trade" is still open.
The failure shows up in the numbers. Your journal says the put "lost $180" on assignment — but you also collected $240 in premium, then another $310 selling calls against the shares. Did you lose? Depends on basis, and basis depends on every premium dollar that came before. A journal that can't carry premium into basis will tell you a winning campaign is a loser.
Every put and call credit reduces what you really paid for the shares. ThetaIQ carries it automatically, per ticker.
Put assignment opens a share lot; call assignment closes it. The campaign stays one continuous story.
Bought back at 50% in 9 days? That's captured percentage and annualized yield — the metrics sellers actually manage by.
Verticals and PMCCs log as two-leg structures with max risk, not as two confused stock trades.
Log a trade in seconds — or paste a screenshot of your broker fill and let the app read the legs. From there, the journal does the arithmetic sellers usually do in spreadsheets:
A journal you never re-read is a diary. ThetaIQ's Scoreboard turns your history into a review habit: performance split by strategy and ticker, streaks, and an honest answer to "which setups actually pay me?" It even splits out leveraged-ETF trades, so you can see whether the extra decay risk has been worth the richer premium. Elite members get a daily AI portfolio review on top — the book graded fresh every morning, with concentration and correlation called out by name.
Free plan tracks up to 8 open trades — no card required.
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