Discover the Options Tab in Options360 by TradeSmith

The Options tab is your gateway to the full suite of powerful tools offered by Options360. It houses the majority of the platform’s functionality, designed to help you analyze, strategize, and act with confidence in the options market.

In this article, we’ll take a deep dive into each sub-tab, providing detailed insights to help you understand how to make the most of every feature.

• Watchlist - Your Options360 Watchlist is a basket you create with the underlying securities you want to follow for your options trades. The Options360 Watchlist tab will show the top options trade matches for the stocks within your watchlist.   
• Opportunities - The Opportunities tab displays our TradeSmith options strategies: buy calls, buy puts, buy/write covered calls, sell calls, and sell puts. You can select your desired strategy and filter your results based on your preferences.  
• Options Screener - The Options Screener tool allows you to search for options trades based on several underlying asset and options-related filters. You can start your search by using one of our pre-defined TradeSmith screeners or build your own search from scratch.
• Covered Call Builder - A Covered Call (aka Overwrite) is a widely used income strategy constructed of a long equity position and selling call options. When neutral to slightly bullish, you would use this strategy on a stock you currently own at least 100 shares of. With this strategy, you will sell a call option covered by your long equity. You can customize the frequency to achieve many outcomes. With the Covered Call Builder, we will help you find the best trade setup in 2 easy steps!
• Top Trades - On the Top Trades tab, you can find the trades sent as part of Infinite Income Loop and Constant Cash Flow.  You can also view the Options360 Weekly Income Trades and Buy/Write Covered Calls. The Top Trades window allows you to view Open or Closed positions.  
• POP Calculator - The Options360 Probability of Profit (POP) calculator is currently based on theoretical values (Black-Scholes model) and is similar to a POP calculator you would find at your broker. This tool helps you analyze how future price movements in an underlying position will impact options strategies.