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A Better Wheel

YieldGen is not a new options trading strategy. YieldGen is a fresh take on a long-time favorite.

Sometimes called “wheel trading”, it all starts with the “sold put option”: you promise to buy a stock if it goes down, you collect a fee for the promise, and you do this over and over again.

Occasionally, you're made to buy the stock, just as you promised. Now you can sell it, or you can sell promises to sell it (aka "covered calls") — maybe over and over again.

Eventually it's sold, and you again have cash to deploy for yield. So you promise to buy stock with the cash, you collect a fee for the promise, and on and on.

Diagram of wheel trading: sell put, put assigned, sell covered call, call assigned, then back to sell put.

What's Difficult?

Wheel trading is a high overhead business: lots of little trades, each bringing in just a few dollars, each requiring analysis and attention throughout.

YieldGen organizes the data, streamlines the steps, and gives you tools to do the steps right.

YieldGen sits on top of your regular brokerage platform — trades you execute in one are immediately visible in the other. But YieldGen is tailor-made for this strategy, and nothing else.

The Yield View of the World

YieldGen presents the entire options market, and your portfolio, in terms of fully collateral-aware returns on capital (your capital).

This can be far easier to work with than familiar dollar quotes from the brokerage screen — easier to find the right trades across strikes and expirations, easier to manage trades for high yields.

This also exposes risks you may not have noticed before: if you're offered astronomical returns to make a promise, it's usually for a good reason.

Volatility in View

Stocks are subject to heightened volatility at different times, and for countless reasons. When you promise to buy a stock if it drops, you care about volatility.

YieldGen marks each option chain with volatility spike events directly inferred from the option quotes themselves. It could be an earnings announcement, an expected legal ruling, a product launch or anything else.

Options income traders may choose an expiration before the event (because it avoids the risk), or may choose an expiration after the event (because the market pays extra for the risk).

Many Ways to Go Deep

Yields, exercise probabilities, capital optimization tools. Simple to use. Visual.

Calendar view shows exposures lined up by expiration dates, super helpful for many of the decisions you need to make.

Cluster view shows groups of positions that tend to move together. This reveals hidden concentrations, and helps you stay truly diversified across names.

Safety Net

The ordinary sold put has unlimited downside: if the stock crashes to zero, you lose everything. You can buy protection on this, which has the effect of reducing your yield.

This is a "put spread", and YieldGen treats it as a logical whole, reporting profit & loss and all other measures for the combination of the two. This makes it easier to manage your risks, easier to manage your returns.

True Recovery Picture

When making a steady stream of promises to buy stock, sometimes you’ll be asked to do exactly that. Now you move into recovery mode.

YieldGen tracks potentially multiple rounds of sold calls, as well as dividends received and other income events, to give you a true picture of what it means to make this a profit rather than a loss.