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Getting Started with OptionLogic
Academy->Getting Started with OptionLogic
Welcome to OptionLogic.
OptionLogic was built from a simple idea: Transform option chains into meaningful trading information.
Rather than telling you what to trade, the software helps you understand your positions, evaluate possible outcomes, and make informed trading decisions.
Step 1 – Install OptionLogic
Download and install OptionLogic using the installer provided after subscribing. Once installed, launch the application. The first time you open OptionLogic, you'll be guided through a few simple setup steps.
Step 2 – Configure Your Settings
Before retrieving market data, open the Settings window.
Here you can:
- Enter your Alpha Vantage API key.
- Enter your OptionLogic key.
- Select your account currency.
- Configure trading fees. (If any)
- Enable or disable optional features like "Show ToolTips"
These settings only need to be configured once.
Step 3 – Download Market Data
Return to the Dashboard. Enter a stock ticker and refresh the option chain.
OptionLogic downloads live option data and automatically calculates additional information such as:
- Return on Investment (ROI)
- Annualized ROI
- Slippage
- Market Structure
- Earnings awareness
Within seconds, the option chain becomes more than a list of numbers it becomes meaningful trading information.
Step 4 – Explore the Dashboard
The Dashboard is where most traders spend their time.
Here you can:
- Compare cash-secured puts.
- Compare covered calls.
- Review market structure.
- Evaluate premiums.
- Compare ROI and annualized ROI.
- Analyze potential trading opportunities.
Every calculation is designed to help you better understand the possible outcomes before placing a trade.
Step 5 – Start Tracking Your Trades
Once you begin trading, OptionLogic allows you to record your positions in the STO Journal.
From there, the software tracks:
- Cash-secured puts.
- Assignments.
- Covered calls.
- Cost basis.
- Position performance.
- Recovery opportunities.
Instead of tracking individual transactions, OptionLogic follows the complete lifecycle of your position.
Learn As You Go
If you're unfamiliar with any options concepts, the OptionLogic Academy is available directly from the website. Each article explains one concept at a time using simple language, practical examples, and real trading scenarios. Whether you're learning about covered calls, assignment, market structure, or risk management, the Academy is designed to help you build confidence one step at a time. OptionLogic also has ToolTips available that describe each function of the software.
Welcome to OptionLogic
OptionLogic doesn't predict the future. It helps organize complex option data into meaningful information so you can better understand your positions and make informed trading decisions.
Take your time.
Explore the software.
Ask questions.
Every experienced trader started exactly where you are today.
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