An options journal that counts a strategy as one trade

A strategy is one trade

Legs opened in one order become one strategy: one card with one sentence, its legs folded under it, one trade in your reports.

Sold SPXW iron condor 6,750/6,800 · 6,950/7,000 for 26.00 · closed for 30.10 · -$420.00.

Verticals, condors, covered calls, Christmas trees and many more are named from their legs. Legs you opened in separate orders are proposed as one strategy, and you confirm, change or say no.

Rolls and the wheel are one campaign

A roll made in one order, and an assigned put followed by a covered call, count as one trade with the sum of its strategies. Each card says how it follows the one before ("Rolled from 480P · campaign +$220.00 so far"), and shares from an assigned put show their adjusted basis beside the broker's.

Nothing is estimated

• Capital at risk and return on capital ("RoC +26.5%"), or "unknown" with the reason: a naked short call, a calendar, a missing price.
• An option past its last trading moment shows as settling until the broker reports what happened. It counts as neither a win nor a loss until then.
• Live Greeks and unrealized amounts from tastytrade say "no Greeks" or "no price", never 0, and are in no total.

Where your options come from

• tastytrade: connected live, read-only, with Greeks.
• Interactive Brokers: from IBKR's daily report files.
• CQG Desktop: options on futures and spreads from its exports.
• Sierra Chart: E-mini S&P 500 options, recorded live.