Option Coach
Learn four income strategiesCovered callsCash-secured putsPut spreadsIron condors

Why Option Coach

Most option tools are built for traders. This one is built for learners.

Screeners show hundreds of numbers and assume you already know what delta and implied volatility mean. Option Coach shows one trade at a time and explains every part of it.

One clear trade

Answer three questions and get a single worked example with the strike, the expiry, the cash you'd receive and the worst case in dollars.

500 screener rows → 1 explained setup

See it play out

Press play and watch the trade through a calm week, a sharp drop or a rally, with the coach telling you what each moment means.

A static payoff chart → a day-by-day replay

Know what to click

The option chain and order ticket are shown the way your broker displays them, with the exact cells and buttons highlighted.

Guessing at Sell to Open → a filled-in example ticket

How it works

Three questions, one worked example.

Tell it what you want

Income on shares you already own, getting paid while you wait to buy a stock cheaper, or income with a fixed maximum loss.

Pick a stock and a distance

Choose from 500+ US stocks and ETFs, then how far from today's price the strike should be. Farther means safer odds and a smaller premium.

Study the example

See the odds, the worst case, a replay through different markets, a year of history and the exact order to place, all in plain English.

Options in 60 seconds

What an option is, the four income setups, and where your money goes.

1What is an option?

CALL

The right to buy 100 shares at the strike. If you sell a call, you may have to sell your shares at the strike.

PUT

The right to sell 100 shares at the strike. If you sell a put, you may have to buy shares at the strike.

Income strategies are on the seller side: you are paid up front for taking on an obligation that only matters if the price crosses your strike before expiry.

2The four income setups

Each chart shows profit or loss at expiry (up) against the stock price at expiry (across). profit loss

Covered callIncome on shares you already own strike
You hold
100 shares
You sell
1 call above today's price
Best case
Keep the premium (and the shares)
Trade-off
Gains above the strike go to the buyer
Cash-secured putGet paid while waiting to buy cheaper strike
You hold
Cash = strike × 100
You sell
1 put below today's price
Best case
Keep the premium
Trade-off
You may have to buy the shares at the strike
Put credit spreadIncome without owning or buying anything sellbuy
You hold
Margin = width × 100 − premium
You sell / buy
Sell 1 put, buy 1 lower put
Best case
Keep the premium
Worst case
Capped: the width minus the premium
Iron condorIncome if the market stays calm profit zone
You hold
Margin = width × 100 − premium
You sell / buy
A put spread and a call spread
Best case
Price stays between the strikes
Worst case
Capped on either side

3How the money moves when you place a trade

  1. Youplace a “sell to open” order in your broker
  2. Brokersets aside your collateral, sends the order
  3. Exchangematches you with a buyer, often a market maker
  4. Clearing house (OCC)guarantees both sides of the contract
  5. Premium in your accountcredited right away, settles the next business day
What your broker holds while the trade is open: your 100 shares (covered call) · cash equal to strike × 100 (cash-secured put) · the spread width × 100 minus the premium (spreads and iron condors).

Then, by expiry, one of three things happens:

Expires worthless

The price never crosses your strike. You keep the whole premium, and the collateral is released.

Assigned

The price crosses the strike. Through the clearing house, shares and cash change hands at the strike. You still keep the premium.

Closed early

You “buy to close” the same option. You pay its current price; your result is the premium in minus the cost out.

4How Option Coach estimates the odds: four models

Market

Reads the range traders are pricing in from today's option prices.

Volatility

Uses how much the stock has really moved lately, with room for rare big days.

History

Replays this stock's own daily moves from the past year, thousands of times.

Blended forecast

Combines all three into the odds, the worst 1-in-20 case and the replay you see.

Earnings reports are built in. When a report could fall before expiry, the models add an overnight jump sized from that stock's biggest moves this year, as often as a report is likely. Big tech names can gap 5% to 10% or more after earnings.

Educational illustration, not investment advice. Options involve risk and are not suitable for every investor.

What you get

Everything a beginner needs to understand a trade.

A scenario player that shows, day by day, what happens

Watch the price move, the trade's value change and the coach's status update as each day passes. When a rule would close the trade, you see why.

  • Calm, sharp-drop, rally and random scenarios
  • Take-profit and stop rules applied for you
  • A 500-run simulator to see the full range of outcomes
Day4 of 8
Price$745.10
Your trade−$68
take profit stop Getting close

Within 0.7% of your strike. No action yet: the rules decide, not nerves.

Honest odds, from three independent models

Like an ensemble weather forecast, Option Coach blends what option prices imply, how the stock has actually been moving, and a replay of its real history. Then it tells you plainly whether there's an edge, or not.

  • PASS / FAIL checks a beginner can read at a glance
  • The worst 1-in-20 outcome, in dollars
  • A history check against a full year of real prices
strike today
History check: over the past year, this stock fell past the strike within 8 trading days in 8% of periods. Option prices imply about 17%.

The exact order to place, the way your broker shows it

See the option chain with the cells to use marked SELL and BUY, plus filled-in tickets for opening the trade and closing it later. It works with any broker; Option Coach never places trades itself.

  • Bid, ask and mid explained, so you set the right limit
  • Sell to Open, Buy to Close and the rest, in plain words
  • What your account needs: shares, cash or margin
SymbolSPY
StrategyVertical spread (credit)
ActionQtyStrikeType
Sell to Open1740Put
Buy to Open1735Put
Order typeLimit · 0.48 credit
Time in forceDay

Who it's for

People who want steady income and want to understand the risk first.

Curious beginnersYou've heard about covered calls and want to understand them before trying one.
Income investorsYou hold dividend stocks or covered-call ETFs and want to know what's happening inside them.
Occasional option sellersYou've sold a few puts and want a clearer view of the odds and the worst case.
Canadian investorsBuilt in Toronto, with US stocks today and Canadian options on the roadmap.

Pricing

Start free. Upgrade when you want every stock.

Free covers 10 popular names plus a weekly pick. Pro opens every ticker.

Free

$0
  • 10 popular stocks and ETFs, plus a free pick each week
  • Every coaching feature
  • All four strategies
Try it free

Pro

$19 /month
  • All 500+ US stocks and ETFs
  • Forecast, replay and broker steps on every ticker
  • Earnings moves built into the odds
  • Refreshed every trading day
Join the waitlist
Founding members · first 100

Pro, founding price

$19$9 /month for year one
  • Everything in Pro
  • Locked-in price for your first year
  • Early access and a say in what we build
Reserve a spot

Questions

Frequently asked

Is Option Coach investment advice?

No. Option Coach is an education and analysis tool. It shows the same analysis to everyone who picks the same settings, and it doesn't know your finances or goals. It isn't registered as an adviser, and it never tells you what to buy or sell.

Does it place trades for me?

No. It never connects to your brokerage account. It shows you what a trade involves and what the order would look like, so you can decide for yourself and place it with your own broker if you choose.

Which stocks can I use?

500+ US stocks and ETFs, including the S&P 500 and the most-traded funds. During the beta, 10 popular names plus a weekly free pick are fully open, with the rest in Pro.

Where does the data come from, and is it live?

The beta uses delayed end-of-day prices and option volatility, refreshed regularly. Always check live quotes in your broker before trading.

Do I need to know options already?

No. Every number comes with a plain-English explanation, and a glossary covers terms like strike, premium, delta and assignment.

Is it available in Canada?

Yes. Option Coach is built in Toronto. It covers US-listed stocks and ETFs today, which most Canadian brokers can trade, and Canadian-listed options are on the roadmap.

How does the founding-member price work?

The first 100 founding members lock in Pro at $9 a month for their first year once the full version launches. Join the waitlist and we'll email you when it opens. You can cancel any time before launch.