Options Trading Dashboard

AI approval queue

No trades awaiting approval.

Shared settings

Cross-engine controls consumed by both theta-engine (short premium) and momentum-engine (debit verticals).

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System runtime

Pauses screening crons and in-app ingestors during off-hours. The Cloud Run instance stays up (required for SSE and Pub/Sub). Status: —

Allow live trading

When OFF, approved trades from either engine are recorded as DRY_RUN in order-executor; no orders hit TastyTrade.

Cross-strategy guard

When ON, momentum and theta hard-veto each other on the same underlying (one position per symbol across families).

Per-position BP utilization cap (0–1)

Max Reg T margin for any single new position, as a fraction of NLV. Applies to both theta and momentum engines.

Risk-free rate (Scenario Grid)

Black-Scholes risk-free rate used by the scenario-grid pricer. Synced automatically each trading day from the current US Treasury short-term rate — no longer operator-editable.

Naked positions

Disallow naked calls

When ON, theta-engine opens no position carrying an unhedged short call — standalone naked calls and short strangles. Defined-risk bear-call verticals are unaffected. Momentum trades only defined-risk debit verticals, so this never changes its behaviour.

Max underlying value for a naked put ($)

Theta-engine drops naked-put candidates whose underlying spot price (USD/share) exceeds this cap. Leave blank for no cap.

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Alpha settings (momentum engine)

Debit-vertical / directional screener: short-DTE catalysts, low-IV-rank underlyings.

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DTE min

DTE max

Minimum reward-to-risk ratio

Deterministic pre-AI gate: a debit-vertical candidate whose reward-to-risk ratio (max gain ÷ net debit) is below this floor is rejected before the LLM advisory runs. Example: 1.5 requires the spread to be able to make at least $1.50 for every $1 risked. Leave blank for no floor.

Thesis envelope (scenario grid)

Records the forward target the directional thesis commits to at the close horizon, and the 2-D price×volatility grid (at the target DTE) used to measure drift against it on each open position. The grid also drives the optional profit/loss screening gate below.

Target DTE

Days-to-expiry at which the directional thesis is reassessed / the position is worked. This is the anchor for the recorded thesis target: at approval, target spot = entry ± 1σ for BULL/BEAR theses (entry for NEUTRAL / premium-decay) and the drift chip on the position card measures from this point. Blank uses the engine default (7). Only applied when no full grid JSON override is set.

Scenario-grid profit/loss gate

Screens new momentum candidates against the Black-Scholes profit grid (priced at the Target DTE above) — the same grid shown in the Live profit preview and on signal-tape approval cards. Leave a field blank to disable that check.

Max projected loss ($ per spread)

$

Reject the candidate when the grid's worst-case cell loses more than this.

Take-profit target ($ per spread)

$

Reject the candidate when the grid's best-case cell can't reach this gain.

Min probability of profit (%)

%

Reject the candidate when its POP heuristic (long-leg |Δ|) falls below this percentage.

Market regime preset

One choice sets the spot sampling and IV offsets together. NORMAL = engine defaults (no change).

Advanced: edit raw grid

Scenario grid

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Spot axis mode

Spot moves (σ of expected move)

σ

IV shocks (added to entry IV)

Live profit preview (SPY)

—

Cells show dollar P&L at the Target DTE for a one-contract representative trade on SPY (long ATM/+5% call vertical for Alpha). "Use default" on every axis falls back to per-strategy engine defaults.

These checkboxes turn individual screener gates on or off. They do not affect portfolio risk vetoes.

Momentum screener gates

Chain IV rank ceiling gate

Two-tier IVR pre-gate: Tier-1 uses the DB universe IV rank as a fast-path skip; Tier-2 backstops with the live chain IV rank. Momentum favors low IV rank underlyings — symbols above the IV rank ceiling are dropped.

IV rank ceiling (0–100)

Symbols with IV rank above this value are excluded. Blank uses the engine default.

DTE window

Equity volume minimum

Floor (shares)

Max symbols cap

When a gate is off, that constraint is ignored during candidate screening. Turning off a gate does not relax portfolio risk vetoes.

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Theta Settings

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IV rank floor

Per-symbol IV-rank gate consulted by the snapshot screener.

IV rank floor (%)

Underlyings whose IV rank is below this floor are excluded from screener output.

Stage 3: Option Chain Screener (The Hunt)

Filters applied to each option chain during the discovery-orchestrator screening cascade.

These checkboxes only turn screener filters on or off (per strike vs market snapshot). They do not affect Stage 4 portfolio risk vetoes (concentration, net delta vs regime, BP reserve, position size).

Leave blank to use server defaults (placeholders). Clearing a saved override sends null so config defaults apply.

Option chain screener gates

Chain IV rank vs floor

Drops option chains whose IV rank is below the Stage 2 “IV rank floor (%)” value above. There is a single IV rank floor — the universe builder and this screener gate share it; edit it once in Stage 2.

DTE window Strike |delta| band (min/max below) Option volume minimum Bid–ask spread maximum Probability of profit minimum

Equity volume minimum

Floor (shares)

When a gate is off, that constraint is ignored during candidate screening (discovery / screener). Turning off "Strike |delta| band" does not relax portfolio net-delta risk (Stage 4 → Delta tolerance).

DTE min

DTE max

Delta |x| min

Delta |x| max

Volume min

Spread max ($)

POP min — verticals & single legs (%)

Strikes/packages with estimated POP below this percentage are dropped before discovery / AI. Applies to single-leg shorts and put/call credit verticals.

POP min — iron condors (%)

Separate, normally lower floor for iron condors: an IC profits only when price finishes between two short strikes, so its probability of profit is structurally below a one-sided vertical's. Using the verticals floor here would reject every condor. Leave blank to use the engine default.

Discovery packaging (theta-engine)

When a screened short is paired with an opposite-type short at the same expiry, the engine generates strangles, iron condors (for each wing width), and a vertical on the screened leg only, then scores each package on normalized net credit, inverse buying-power impact, and POP, and selects the highest composite. Leave blank to use deployment defaults.

IC / vertical wing widths ($)

Comma-separated strike distances between each short and its long hedge (same grid for iron condors and for the screened put or call vertical). Example: 5,10 tries both $5-wide and $10-wide structures when those strikes exist in the chain.

Merit weight: credit

Relative emphasis on higher net credit within the candidate set (min–max normalized per evaluation).

Merit weight: BP

Relative emphasis on lower incremental buying power (defined-risk spreads vs naked strangles).

Merit weight: POP

Relative emphasis on higher estimated probability of profit for the packaged legs.

Stage 4: Portfolio Risk Vetoes (Account Protection)

Hard safety stops on every candidate (discovery, rolls, closes). Leave blank to use deployment defaults (placeholders). Clearing a field sends null to revert.

Max positions per underlying

Gate 1: count of portfolio strategy packages per underlying (same underlying + expiration, e.g. iron condor = 1). Raise for multiple expiries on one symbol.

Delta tolerance (regime window)

Gate 2: portfolio net delta after the trade vs the current market regime (bull / neutral / bear). Wider value = more room. Separate from Stage 3 “Strike |delta| band”, which only filters individual strikes before risk runs.

Gate 3: Portfolio BP utilization cap

The buying-power ceiling (fraction of NLV) is a single cross-engine control — set it once as Portfolio BP utilization cap on the tab. Theta's Gate 3 and momentum's risk veto both enforce that same value against each candidate's full-position buying power (defined-risk spread width or naked Reg-T estimate).

Small-account position size

Gate 4: when on, large single-leg BP vs NLV becomes a warning instead of a hard veto.

Max fee % of credit

Gate 5: friction threshold (warnings only).

Stage 5: Pre-AI premium floor

Deterministic gate before the LLM advisory runs.

Minimum net premium per trade ($)

$

A screened short-premium candidate whose net credit (mid × 100 × contracts, USD) is below this floor is rejected before the LLM advisory runs — it stops the engine spending an AI call on near-worthless premium. Leave blank for no floor.

Credit % of Wing Width

% of width

Spread candidates whose credit divided by wing width is below this floor are rejected before the LLM advisory runs (e.g. 33 = must receive at least 33¢ per $1 of wing width). Naked positions are unaffected. Leave blank to disable.

Thesis envelope & max-loss gate (scenario grid)

The 2-D price × volatility grid (evaluated at the target DTE) records the forward thesis target and measures drift on each open position. The max-loss gate hard-vetoes when the strategy's defined structural ceiling (vertical width − credit, max wing − credit for a condor, strike − credit for a cash-secured put) exceeds the configured % of NLV. Naked short calls / strangles veto unconditionally — no defined ceiling exists.

Max-loss gate enabled

When on, a candidate is hard-rejected if its defined structural max loss divided by NLV exceeds the ceiling below. Sourced from the legs, not from a stress cell of the grid.

Max-loss ceiling (% of NLV)

%

Percent of NLV. A candidate is vetoed when its defined structural max loss exceeds this share of account value. Default 7%.

Risk-free rate —

Synced automatically each trading day from the current US Treasury short-term rate; also shown on the tab.

Target DTE

Days-to-expiry at which the short-premium thesis is reassessed — the classic 45→21 management band lower bound. Anchor for the persisted thesis target grid: drift cells on the Risk Book measure each open position against the 2-D price × volatility matrix evaluated at this DTE. Blank uses the engine default (21). Only applied when no full grid JSON override is set.

Scenario-grid profit/loss gate

Screens new candidates against the Black-Scholes profit grid (priced at the Target DTE above) — the same grid shown in the Live profit preview and on signal-tape approval cards. Leave a field blank to disable that check.

Max projected loss ($ per contract)

$

Reject the candidate when the grid's worst-case cell loses more than this.

Take-profit target ($ per contract)

$

Reject the candidate when the grid's best-case cell can't reach this gain.

Market regime preset

One choice sets the spot sampling, IV offsets and max-loss ceiling together. NORMAL = engine defaults (no change).

Advanced: edit raw grid

Scenario grid

—

Spot axis mode

Spot moves (% of spot price)

%

IV offsets (from entry IV)

Live profit preview (SPY)

—

Cells show dollar P&L at the Target DTE for a one-contract representative trade on SPY (~0.20-Δ short put for Theta). "Use default" on every axis falls back to per-strategy engine defaults.

System health

Live status of external dependencies. Each card shows the worst observed status across all services, plus the per-service breakdown that fed it. Updates push automatically when anything changes.

Waiting for the first health snapshot…