llms.txt
Compare with other sites' llms.txt files →# OptionsPro Docs
> Options trading journal and analytics platform
https://www.optionspro.com/docs
## Documentation
- [Welcome to OptionsPro](https://www.optionspro.com/docs): OptionsPro is a complete toolkit for options traders - journal your trades, measure risk, and spot opportunities across your positions.
- [OptionsPro Academy](https://www.optionspro.com/docs/academy): The free options trading course at optionspro.com/learn - what it covers, how lessons are reviewed, and how it connects back to the app.
- [Brokerages](https://www.optionspro.com/docs/brokerages): Connect, manage, and reconnect the brokerage accounts that feed OptionsPro with trade data.
- [Connecting a Brokerage](https://www.optionspro.com/docs/brokerages/connecting): First-time setup of a brokerage connection via SnapTrade.
- [Data Quality Warnings](https://www.optionspro.com/docs/brokerages/data-quality): What the orange warning badge on a brokerage connection means, every reason it can report, and what to do about each one.
- [Disconnecting](https://www.optionspro.com/docs/brokerages/disconnecting): Permanently remove a brokerage connection and all data imported from it.
- [Multiple Accounts](https://www.optionspro.com/docs/brokerages/multiple-accounts): Handling brokers that expose several accounts - cash, margin, IRA - under one login.
- [Reconnecting](https://www.optionspro.com/docs/brokerages/reconnecting): What to do when a brokerage connection expires, is revoked, or stops syncing.
- [Bulk Actions](https://www.optionspro.com/docs/bulk-actions): Select many rows at once and act on all of them - assign trades to a portfolio, override fees, delete holdings, refresh brokerages, or group positions into a strategy.
- [Calendar](https://www.optionspro.com/docs/calendar): A monthly heatmap of your trading activity, realized P&L, and upcoming expirations.
- [Dashboard](https://www.optionspro.com/docs/dashboard): The dashboard is your trading command center - realized and unrealized P&L, win rate, equity curve, and the latest trades all on one page.
- [Email from OptionsPro](https://www.optionspro.com/docs/emails): The emails OptionsPro sends - what each sequence is, what starts and stops it, and how to turn them off.
- [Exporting Your Data](https://www.optionspro.com/docs/exports): The three ways to get your trades out of OptionsPro as a CSV - the whole journal, the trades you have filtered, and the positions on screen.
- [Getting Started](https://www.optionspro.com/docs/getting-started): Sign up, connect your first brokerage, and understand how OptionsPro syncs and enriches your trades.
- [Large Trade Histories](https://www.optionspro.com/docs/large-histories): Full-history reports for large accounts, loading during P&L rebuilds, and the limits behind partial-data notices.
- [Market Data](https://www.optionspro.com/docs/market-data): Where OptionsPro gets prices, Greeks, and implied volatility, how fresh those numbers are, and what to do when a price is missing.
- [Portfolios](https://www.optionspro.com/docs/portfolios): Group trades into named buckets so analytics can slice the way you think about your trading.
- [Positions](https://www.optionspro.com/docs/positions): Your currently held contracts, with unrealized and realized P&L, plus Greeks for any open leg.
- [Product Tours](https://www.optionspro.com/docs/product-tours): The guided walkthroughs that introduce each page the first time you open it, and how to turn them off or replay them.
- [Profit Calculator](https://www.optionspro.com/docs/profit-calculator): Model a hypothetical options position before you put real capital at risk.
- [Refunds](https://www.optionspro.com/docs/refunds): The 30-day money-back guarantee on your first payment - what it covers, what it doesn't, and how to request a refund.
- [Risk & Insights](https://www.optionspro.com/docs/risk-and-insights): Portfolio-level risk indicators, win/loss & streak analysis, Greeks, and the embedded AI assistant.
- [AI Insights](https://www.optionspro.com/docs/risk-and-insights/ai-insights): Ask natural-language questions about your trades and let the assistant read your portfolio - and update it with your approval.
- [Greeks](https://www.optionspro.com/docs/risk-and-insights/greeks): Portfolio-level option Greeks, where they come from, and how to read them.
- [Settings](https://www.optionspro.com/docs/settings): User preferences, public portfolio sharing, billing, your data export, data sources, and deleting your account.
- [Sharing](https://www.optionspro.com/docs/sharing): Share a position, strategy, or period of performance as an image card, or publish a read-only link to your aggregate results.
- [Stocks](https://www.optionspro.com/docs/stocks): Your stock holdings across brokerages and manual entries, with average cost, market value, and unrealized P&L.
- [Wheel Cost Basis](https://www.optionspro.com/docs/stocks/wheel-cost-basis): Adjusted cost basis for shares acquired by assignment, netting the option premium you have already collected against what the shares cost.
- [Strategies](https://www.optionspro.com/docs/strategies): Automatic detection of multi-leg structures across your trades and positions.
- [Custom Strategy Grouping](https://www.optionspro.com/docs/strategies/custom-grouping): Group legs into a strategy yourself, break a strategy up, add a leg to an existing group, and see what auto-detection will and won't touch afterward.
- [Subscription](https://www.optionspro.com/docs/subscription): Free and Pro tiers - what each includes, how to upgrade, and how billing works.
- [Support](https://www.optionspro.com/docs/support): How to get help and connect with the OptionsPro community.
- [Free Tools](https://www.optionspro.com/docs/tools): The no-login options calculators at optionspro.com/tools - what each one does, what it does not do, and when to use the in-app version instead.
- [Trade Import](https://www.optionspro.com/docs/trade-import): Bulk-import historical trades from CSV, Excel, PDF, broker exports, images, or plain text using the AI-powered import wizard.
- [Trades](https://www.optionspro.com/docs/trades): Every options execution - opens, closes, and expirations - from your connected brokerages and manual entries. Sortable, filterable, and the entry point for fee overrides, manual entry, and trade-by-trade analysis.
- [Closing Trades](https://www.optionspro.com/docs/trades/closing): How OptionsPro pairs closing executions with their openers, and how to record a close on a manual position.
- [Expiration & Assignment](https://www.optionspro.com/docs/trades/expiration-and-assignment): How OptionsPro settles a contract that reaches expiration - worthless, in the money, assigned into shares, or cash-settled.
- [Fee Overrides](https://www.optionspro.com/docs/trades/fee-overrides): Replace broker-reported fees with your own values when the broker's math is missing, wrong, or inconvenient.
- [Manual Trade Entry](https://www.optionspro.com/docs/trades/manual-entry): Add trades that aren't in your brokerage - historical fills, off-platform trades, or paper-trading scenarios.
- [Rolling Repair Assistant](https://www.optionspro.com/docs/trades/rolling): Scored roll candidates for an open position - target strike and expiration, net credit or debit, breakeven change, and delta/theta before and after.
- [Trade Details](https://www.optionspro.com/docs/trades/trade-details): A full breakdown of one trade - contract, execution, financials, and notes.
- [Trends](https://www.optionspro.com/docs/trends): Granular breakdowns of P&L and win rate by day of week, hour of day, and days to expiration.
## OptionsPro Academy (free options trading course)
- [OptionsPro Academy](https://www.optionspro.com/learn): Free options trading course in plain English, with a worked example in every lesson.
- [Options Foundations](https://www.optionspro.com/learn/options-foundations): Options Foundations is a free options trading course for beginners. It covers what an option is, how a contract is built, how to read an options chain, the Greeks, pricing, and how to place and manage a first trade responsibly.
- [What Is an Option? The Plain-English Definition](https://www.optionspro.com/learn/options-foundations/what-is-an-option): An option is a contract that gives you the right, but not the obligation, to buy or sell 100 shares at a set price before a set date. Here is what that really means.
- [Call Options Explained - The Right to Buy](https://www.optionspro.com/learn/options-foundations/call-options-explained): A call option gives you the right to buy 100 shares at a set price. Learn how a long call makes and loses money, and how to find its break-even price.
- [Put Options Explained - The Right to Sell](https://www.optionspro.com/learn/options-foundations/put-options-explained): A put option gives you the right to sell 100 shares at a set price. Learn how a long put profits when a stock falls, and how puts are used as insurance.
- [Buyers and Sellers - The Two Sides of Every Option](https://www.optionspro.com/learn/options-foundations/buyers-and-sellers): Every option has a buyer who pays for a right and a seller who is paid to take on an obligation. Learn how each side makes money and where the real risk sits.
- [Why Traders Use Options - Leverage, Income and Protection](https://www.optionspro.com/learn/options-foundations/why-traders-use-options): Traders use options for three main reasons - to speculate with defined risk, to generate income, and to protect positions. Here is how each works and what it costs.
- [What Is a Strike Price? How Option Strikes Work](https://www.optionspro.com/learn/options-foundations/strike-price-explained): The strike price is the fixed price at which an option lets you buy or sell the underlying shares. Learn how strikes are listed and how the strike you pick changes a trade.
- [When Do Options Expire? Expiration Dates Explained](https://www.optionspro.com/learn/options-foundations/options-expiration-dates): Every option has an expiration date, the last day its right exists. Learn when monthly, weekly and daily options expire, and what happens on the last trading day.
- [What Is an Option Premium? How Option Prices Are Quoted](https://www.optionspro.com/learn/options-foundations/option-premium-explained): The premium is the price of an option. Learn how premiums are quoted per share, which side of the quote you pay, and how to turn a quote into the real cost of a trade.
- [The Contract Multiplier and Adjusted Options](https://www.optionspro.com/learn/options-foundations/contract-multiplier-adjusted-options): One standard option covers 100 shares, but stock splits, mergers and special dividends can change that. Learn how the multiplier works and how adjusted contracts differ.
- [In the Money vs Out of the Money - Option Moneyness Explained](https://www.optionspro.com/learn/options-foundations/in-the-money-vs-out-of-the-money): Moneyness describes where the stock price sits against an option's strike. Learn what in the money, at the money and out of the money mean for calls and puts.
- [How to Read an Options Chain](https://www.optionspro.com/learn/options-foundations/how-to-read-an-options-chain): An options chain lists every call and put on a stock for one expiration, with strikes down the middle. Learn how it is laid out and how to find one contract.
- [Bid, Ask and the Spread - What Trading an Option Costs](https://www.optionspro.com/learn/options-foundations/bid-ask-spread): The bid is what buyers will pay, the ask is what sellers want, and the gap between them is a real cost. Learn to read bid, ask, last and mark on any option quote.
- [Volume and Open Interest - How to Judge an Option's Liquidity](https://www.optionspro.com/learn/options-foundations/volume-and-open-interest): Volume counts contracts traded today; open interest counts contracts still open. Learn what each measures, how they change, and how to use both to judge liquidity.
- [How to Choose a Strike Price and Expiration from the Chain](https://www.optionspro.com/learn/options-foundations/choosing-strike-and-expiration): Your strike and expiration should come from your view of the stock - how far and by when. Learn to compare strikes and expirations on the chain using cost and break-even.
- [From Options Chain to Payoff - Charting a Long Call](https://www.optionspro.com/learn/options-foundations/chain-to-payoff): Copy a bought call from the options chain into the free profit calculator and read its expiration payoff, maximum loss and break-even before you trade.
- [The Option Greeks Explained - Delta, Gamma, Theta and Vega](https://www.optionspro.com/learn/options-foundations/option-greeks): The option Greeks measure how an option's price responds to the stock, to time and to volatility. See what delta, gamma, theta and vega mean, with worked numbers.
- [What Is Delta in Options? How Option Prices Follow the Stock](https://www.optionspro.com/learn/options-foundations/option-delta): Delta tells you how much an option's price moves for each $1 move in the stock. Learn to read call and put delta, and why delta is only a rough probability.
- [What Is Gamma in Options? How Delta Changes, and Why It Matters Near Expiration](https://www.optionspro.com/learn/options-foundations/option-gamma): Gamma measures how fast an option's delta changes as the stock moves. See why gamma helps option buyers, hurts sellers, and jumps as expiration approaches.
- [What Is Theta in Options? Time Decay in Dollars per Day](https://www.optionspro.com/learn/options-foundations/option-theta): Theta measures how much value an option loses each day as expiration approaches. See theta decay in dollars, why it speeds up, and why sellers like it.
- [What Is Vega in Options? How Implied Volatility Moves Option Prices](https://www.optionspro.com/learn/options-foundations/option-vega): Vega measures how much an option's price changes when implied volatility moves one point. See vega in dollars, what a drop in implied volatility costs, and which options it hits hardest.
- [Intrinsic and Extrinsic Value - What an Option's Price Is Made Of](https://www.optionspro.com/learn/options-foundations/intrinsic-and-extrinsic-value): Every option premium splits into intrinsic value, what it would be worth if exercised now, and extrinsic (time) value, the rest. Learn to calculate both.
- [How Options Are Priced - The Six Inputs That Move a Premium](https://www.optionspro.com/learn/options-foundations/how-options-are-priced): An option's price depends on six inputs - stock price, strike, time, implied volatility, interest rates and dividends. See how each one moves calls and puts.
- [What Is Implied Volatility? IV vs Historical Volatility](https://www.optionspro.com/learn/options-foundations/what-is-implied-volatility): Implied volatility is the market's estimate of how much a stock will move, read from option prices. Learn what it means and how it differs from historical volatility.
- [IV Crush After Earnings - Why Options Can Lose Value](https://www.optionspro.com/learn/options-foundations/iv-crush): IV crush is the sharp drop in implied volatility after an event such as earnings. See why it can make an option lose value even when the stock moves your way.
- [IV Rank and IV Percentile - Is Implied Volatility High or Low?](https://www.optionspro.com/learn/options-foundations/iv-rank-and-iv-percentile): IV rank and IV percentile compare a stock's implied volatility today with its own past year. Learn how each is calculated and why the two can disagree.
- [Options Trading Levels - Broker Approval and Permissions](https://www.optionspro.com/learn/options-foundations/options-trading-levels): Before you can place an options trade, your broker must approve your account. Learn what firms ask and how to check which strategies your approval permits.
- [Buy to Open vs Buy to Close - The Four Options Order Actions](https://www.optionspro.com/learn/options-foundations/buy-to-open-vs-buy-to-close): Buy to open, sell to close, sell to open and buy to close tell your broker whether an options order starts a position or ends one. Here is how each works on a real order ticket.
- [Limit Order vs Market Order for Options - How to Get a Good Fill](https://www.optionspro.com/learn/options-foundations/limit-vs-market-orders-for-options): A market order fills fast at whatever price is available; a limit order protects your price but may not fill. Learn why the bid-ask spread makes that choice matter more for options.
- [Rolling Options Explained - Close, Roll or Let a Trade Expire](https://www.optionspro.com/learn/options-foundations/rolling-options): Rolling an option closes your current contract and opens a new one with a later expiration, a different strike, or both. Learn when traders close, roll or hold, and what each choice costs.
- [What Happens When Options Expire? Exercise, Assignment and Pin Risk](https://www.optionspro.com/learn/options-foundations/what-happens-when-options-expire): Standard stock options usually expire worthless out of the money or are exercised in the money, but instructions can change that. Learn about exercise, assignment and pin risk.
- [Position Sizing - How Much to Risk on Each Options Trade](https://www.optionspro.com/learn/options-foundations/position-sizing): Position sizing decides how many contracts to trade so that a trade's worst case costs only a small, preset share of your account. Here is the math, with worked numbers.
- [How to Write an Options Trading Plan, With a Template](https://www.optionspro.com/learn/options-foundations/options-trading-plan): A trading plan writes down, before you trade, what you trade, how much you risk and exactly when you enter and exit. Here is what goes in one, with a filled-in example.
- [Trading Psychology: FOMO, Revenge Trading and Overconfidence](https://www.optionspro.com/learn/options-foundations/trading-psychology): Trading psychology is how fear, greed, regret and pride can push traders to break their own rules. Here are three recurring traps, what they cost in numbers, and how to guard against them.
- [Cash vs Margin Accounts for Options Trading](https://www.optionspro.com/learn/options-foundations/cash-vs-margin-account): A cash account requires full payment without borrowing; a margin account lets you borrow from your broker. Here is how each works for options and the rules that apply to both.
- [How to Keep an Options Trading Journal You Will Actually Use](https://www.optionspro.com/learn/options-foundations/options-trading-journal): An options trading journal records every trade's numbers and the reasons behind it, so you can learn from your own results. Here is what to record, a template, and a review routine.
- [Building a Strategy](https://www.optionspro.com/learn/building-a-strategy): Building a Strategy is a free intermediate options course. It covers covered calls, cash-secured puts, protective strategies and vertical spreads, plus the risk math, position sizing and trade management behind them.
- [What Is a Covered Call? Income, Capped Upside and the Full Downside](https://www.optionspro.com/learn/building-a-strategy/what-is-a-covered-call): A covered call is owning 100 shares and selling one call option against them. Learn how it works, what it pays, what it gives up, and why the shares can still lose almost everything.
- [How to Choose a Covered Call Strike Price and Expiration](https://www.optionspro.com/learn/building-a-strategy/covered-call-strike-and-expiration): The strike decides how much a covered call pays and where your shares are capped; the expiration decides how long you are committed. Compare four strikes and three expirations on the same 100 shares.
- [What Happens When a Covered Call Is Assigned?](https://www.optionspro.com/learn/building-a-strategy/covered-call-assignment): When a covered call is assigned, your 100 shares are sold at the strike price and you keep the premium. Learn when it happens, w
