Options Trading Journal
Know your edge. Cut what does not pay.
Built for options traders. Log multi-leg trades fast, track results by strategy, and see what is actually working.
No credit card required · Multi-leg ready · Start in 30 seconds
Example Insight
Three strategies. One clear winner.
Next Action
Stop selling covered calls in low IVR. Double down on CSP.
Realized from 3 months of journal data.
What your dashboard looks like
Expiring Soon
Call $250
Put $800
Strategy Breakdown
Journal
NVDA
IV crush play ahead of earnings — entered near 80th pct IVR
TSLA
Covered call on existing shares, target exit at 50% max profit
Position Logging
Log the whole trade in one entry.
Brokers split one iron condor into four fills. OptionTrail keeps the position together from entry to exit.
- ✓Covered calls, cash-secured puts, vertical spreads, iron condors, strangles, straddles, and custom trades
- ✓Stock, call, and put legs, long or short
- ✓DTE calculated automatically
- ✓Net credit tracked per position
| Type | Side | Strike | Expiry | Premium | P&L |
|---|---|---|---|---|---|
| Call | Short | $250 | Apr 2510d | $1.40 | +$28 |
| Call | Long | $260 | Apr 2510d | $0.60 | -$12 |
| Put | Short | $220 | Apr 2510d | $1.20 | +$24 |
| Put | Long | $210 | Apr 2510d | $0.50 | -$10 |
Strategy Breakdown
| Trades | Win Rate | Total P&L | Avg Days | Ann. ROC | |
|---|---|---|---|---|---|
CSP | 8 | 83% | +$3,240 | 14d | 38% |
CC | 6 | 27% | -$890 | 21d | -12% |
IC | 4 | 60% | +$420 | 18d | 22% |
CSPs are the only profitable strategy. Covered calls are dragging the account — Win rate 27%.
Strategy Intelligence
Fund what works. Cut what does not.
Every closed trade updates Strategy Breakdown with win rate, total P&L, hold time, and annualized return on capital.
One view shows which strategies deserve more size.
Expiry Tracking
See expiration risk early.
Anything inside 21 DTE rises to the top automatically, sorted by urgency and color-coded by proximity.
- ✓All open legs sorted by DTE ascending
- ✓Red ≤ 5 DTE · Amber ≤ 14 DTE · Neutral beyond
- ✓Record expiration or assignment from the position view
Expiring Soon
Short Call $250 · Apr 17
Short Put $800 · Apr 22
Short Put $170 · Apr 28
Short Call $520 · May 2
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
Log the thesis. Review the trade.
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.
Analytics
Four views built from real trades.
Log it. Close it. The analytics update automatically.
Cumulative P&L Trend
Is your account growing consistently, or is one good month hiding three bad ones?
Monthly P&L
Which months do you consistently trade well? Where does variance spike?
P&L Distribution
Are your wins and losses the size you expect? Where is your edge actually coming from?
Strategy Stats Table
Win rate, average hold time, and annualized ROC — grouped by strategy type.
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 that matter.
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?
Proof
Less noise. Better decisions.
Sarah traded the Wheel for six months. She thought both sides of the strategy were working. The journal showed otherwise.
Example Trader
Sarah · Wheel trader · 6 months
She believed
"I thought both CSPs and covered calls were profitable. Overall, I figured I was doing fine."
Strategy Breakdown showed
CSPs generated the gains. Covered calls were the drag.
"For the first time, I knew what was actually making me money."
Why Not Excel?
Excel stores trades. It does not reveal the edge.
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
Annualized ROC 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.
Start Now
Trade with evidence.
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.