Your best trades leave a trail.Options Trading Journal & Strategy Tracker for Active Traders.
Log every Covered Call, CSP, and Iron Condor in one place. Track P&L by strategy, monitor win rate and annualized ROC — then find your real edge with real data.
What your dashboard looks like
Multi-Leg & Journal
Log complex strategies and trade notes together.
Stop wrestling with spreadsheets that split your Iron Condor into four separate rows. OptionTrail groups all your legs into a single cohesive position.
- ✓Track Iron Condors, Straddles, and custom multi-leg setups as one trade
- ✓Add contextual trade journal notes for setups, IV rank, and profit targets
- ✓Automatically track net credit and real-time DTE per position
- ✓Easily close or roll individual legs without losing the big picture
Thesis
IV rank at 78th pct following earnings selloff. Selling the $800 put with 14 DTE — targeting IV crush in first 3 days. Exit at 50% max profit.
Thesis
Neutral to slightly bearish. Selling OTM call on existing shares, 21 DTE, targeting 50% max profit.
Exit Note
Closed at 50% in 8 days. Stock stayed range-bound, no IV spike. Thesis played out cleanly. Would repeat.
Trade Journal
Data-driven Options Trading Journal & Notes
Capture the setup, target, and adjustment plan at entry. At exit, record whether the trade did what you expected.
A few months of notes is enough to expose what you read well and what you keep forcing.
How It Works
Log it. Review it. Improve it.
Step 1
Log the trade
Enter the ticker, strategy, strikes, expiry, and premium for each leg. OptionTrail calculates net credit and DTE for you.
Step 2
Capture the setup
Write the thesis, target, and exit plan at entry. At close, record what happened and whether the trade followed the plan.
Step 3
Find the edge
See strategy-level P&L, win rate, expiry risk, monthly performance, and trade distribution update automatically.
Features
Built to answer the questions every options trader should be asking.
Capability
The question it answers
What did this trade actually make or lose?
Which strategy is actually paying you?
What needs attention before expiration?
Is the equity curve improving, or are you just remembering the winners?
Was this month better than last month?
Are your results repeatable, or driven by outliers?
Why did you take it, and would you take it again?
How much premium is still working?
What habits keep showing up in your losing trades?
What if you had followed your rules?
Why Not Excel?
Why OptionTrail Beats Excel for Options Trading
Capability
Broker
Excel
OptionTrail
Multi-leg trade tracking
No
Manual
Built in
Strategy P&L & win rate
No
Pivot tables
Built in
Days-to-expiry alerts
Basic alerts
No
Built in
Performance by strategy
No
Manual formulas
Built in
Trade journal (thesis + exit notes)
No
Manual
Built in
P&L distribution chart
No
Needs formulas
Built in
AI trade review
No
No
Coming soon
Who It Is For
For traders who want proof, not guesswork.
The active Wheel trader
You sell cash-secured puts and covered calls every week but still do not know which setups consistently pay you.
The multi-strategy explorer
You run multiple strategies but cannot tell which ones deserve more capital.
The disciplined trader who wants proof
You care about process and want a record that shows what works and what does not.
Pricing
Flexible Plans for Every Options Trader.
Start free with up to 5 positions. Upgrade when you're ready for unlimited tracking and advanced analytics.
Free
Get started with basic position tracking.
- Up to 5 open positions
- 3 strategy types
- Position journal
- Basic P&L tracking
Pro
Unlimited tracking for active traders.
Billed $79.99/year
- Unlimited open positions
- All strategy types
- Position journal
- Full P&L tracking
- Advanced analytics
- Unlimited tags
FAQ
Common questions before you start your options trading journal.
What is an options trading journal?
An options trading journal is a specialized tracker that logs multi-leg trades, tracks P&L per strategy, and gives you clear analytics on win rates and capital efficiency. Unlike a generic spreadsheet, OptionTrail keeps every leg of an Iron Condor, Covered Call, or CSP together as one position so your real P&L is always accurate.
How do you track options strategies in one place?
With OptionTrail, you can group stock, call, and put legs into one position, monitor days to expiry automatically, and review performance by strategy instead of stitching trades together manually. Every close updates your strategy-level win rate and P&L instantly.
Is OptionTrail free to use?
Yes. OptionTrail has a free plan that supports up to 5 open positions, 3 strategy types, and basic P&L tracking — no credit card required. The Pro plan ($6.67/mo billed annually) unlocks unlimited positions, all strategy types, and advanced analytics.
Does OptionTrail work with my broker?
OptionTrail is broker-agnostic. You enter your own trades manually, which means it works with any broker — tastytrade, Schwab, TD Ameritrade, Robinhood, IBKR, or any other platform. Manual entry also ensures your data stays private and is never shared with third parties.
Can I track adjustments and partial closes?
Yes. You can add legs to an existing position to record roll-outs or adjustments, and log partial closes separately. Each adjustment is tracked with its own P&L contribution so you see the full picture from entry to final exit.
How is OptionTrail different from using Excel?
Excel requires manual pivot tables and formulas to compute strategy P&L and win rates — and breaks every time you add a new trade. OptionTrail calculates net credit, DTE, strategy totals, and analytics automatically the moment you log a trade. No formulas, no maintenance.
What options strategies does OptionTrail support?
OptionTrail supports Cash-Secured Puts (CSP), Covered Calls (CC), Iron Condors (IC), Bull/Bear Call and Put Spreads, Strangles, Straddles, and custom strategy labels. Any combination of stock, call, and put legs — long or short — can be logged as a single multi-leg position.
Is my trading data private and secure?
Your data is encrypted at rest and in transit. OptionTrail does not sell your data, show ads, or share your trade history with any third party. You own your data and can export it at any time.
Start Now
Build Your Professional Options Trading Journal Today.
Your next trade takes a minute to log. A few months from now, you will know which setups work, when they work, and how consistently.