Why Strike Price Is the Smartest Tool for Options Traders
Explore how Strike Price helps you trade covered calls and puts with real probabilities, smarter tracking, and data-driven income strategies.
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John ClarkeRelated reading
Get Started with Covered Calls, Secured Puts & Strike Price
New to options income strategies? Learn the basics of covered calls and secured puts, and see how Strike Price helps you trade smarter — with real assignment probabilities, visual tools, and intuitive workflows.
Using Strike Price with Robinhood & E*TRADE
Follow a real-world example using Strike Price alongside Robinhood and E*TRADE. Learn how to sell covered calls and secured puts with smart, data-backed decisions.
🔍 What You’ll Learn in This Demo
In this quick walkthrough, you’ll see how Strike Price helps options traders make smarter, safer decisions with:
- 📈 Real-time probabilities for covered calls and secured puts — helping you understand your risk before selling any contract.
- 🗂️ A powerful contracts dashboard to track all your active and past trades, with alerts when assignment risk changes.
- 🎯 Target Mode, which builds a custom, low-risk strategy to hit your income goal by a specific date — no spreadsheets required.
Whether you’re just starting out or refining your options income strategy, this demo shows how Strike Price gives you clarity, control, and confidence.
Hey there — John here from Strike Price! In this quick tutorial, we’re going to walk through the key benefits of the app and how it helps you trade smarter.
When you open the app, you’ll land right on your watchlist — a list of stocks you’re tracking. Prices update automatically every few seconds during market hours.
Tap on any stock, and you’ll see daily, weekly, and monthly trends — plus real-time probabilities for both calls and puts.
This is the heart of Strike Price. As an options trader, your goal is to earn premium without getting assigned — most of the time.
That’s where our probabilities come in. They show you the chance — as a percentage — that your option will expire worthless.
In other words, it’s your edge: Sell calls without losing your shares. Sell puts without buying the stock — unless you want to. Now, how aggressive or conservative you want to be? That’s up to you. Higher probabilities mean safer trades, smaller premiums Lower probabilities bring bigger premiums — but more risk of assignment. We give you the data. You make the call.
You can add a contract to your list by tapping on the premium price. Once added, it’ll show up in the Contracts tab — your central hub for all trades.
Let’s take a look at your contracts.
Here, you’ll find both active and past positions, neatly organized.
For active trades, Strike Price gives you real-time probabilities of assignment. This is super helpful — because if the stock price starts creeping toward your strike, and the probability drops, you’ll know it's time to either risk it... or roll it.
For past trades, get a full snapshot of what happened: Assigned or expired worthless. How much you made. A week-by-week breakdown of your earnings. It’s all there — clear, visual, and easy to understand.
Finally — Target Mode.
Target Mode is for you if you want peace of mind.
Just set a target earning amount, pick your date, and — if you want — choose a minimum safety percentage.
Strike Price will analyze your available positions and build the safest combination to hit your goal.
No more guesswork. Just a clear, data-driven plan to help you get there.