Strategies
Results per trading strategy - wheels, covered calls, cash-secured puts, LEAPS, dividends, Norbert's Gambit and your own.
The Strategies page groups your positions by strategy and shows how each strategy is doing. Most strategies are found by the app from your trades: you don't have to label anything. How each one is recognized is explained in Strategies.
Strategy list
Accounts
Shown when you have two or more accounts that aren't hidden. All accounts opens a list: tick and untick accounts (or click None and tick just the ones you want) — your choice applies when you close the list — or click Only beside one, to see the strategies for just those accounts. It changes only this page; hidden accounts are listed greyed out (see Hide an account). Opening a strategy keeps the choice, and so does going back.
Currency
Says which currency the strategies' money is in. With trades in both US and Canadian dollars it is a USD | CAD toggle: switch this page to the other currency and back; it changes only this page and starts on your saved Display Currency. With one currency it just shows it. See Currencies. Opening a strategy keeps it, and so does going back.
Strategies the app finds
| Strategy | What it is |
|---|---|
| WHEEL | Selling cash-secured puts, getting assigned shares, then selling covered calls on them |
| COVERED_CALL | Calls sold against stock you hold |
| CASH_SECURED_PUT | Puts sold with enough cash set aside to buy the shares |
| LEAPS | Long-term options (more than 300 days to expiration when bought) |
| DIVIDENDS | Dividend income from your holdings |
| NORBERTS_GAMBIT | Moving money between US and Canadian dollars by buying a stock on one listing and selling it on the other (DLR / DLR.U) |
Only strategies you actually have appear.
Your own strategies
To track a strategy of your own, add a tag ending in _STRAT to its positions in the
Trade Log, for example RDDT_WHEEL_STRAT. A card named after the tag (without
_STRAT) appears here. Other tags don't create strategies. See Tags.
Cards or rows
The two buttons at the top right switch between cards and a compact row list. Click a card or row to open the strategy.
What a card shows
| Item | What it means |
|---|---|
| Total P&L (realized + open) | Realized + unrealized: what the strategy has made so far, as if you closed everything today |
| Win Rate | Share of closed positions that made money ("—" until one closes) |
| Open | Positions still open |
| Positions | Positions in the strategy, open and closed |
| Realized | Profit or loss already locked in, including option premiums kept |
| Unrealized | Gain or loss on paper on the open positions |
In the row view the same numbers are labelled NET LIQ, WIN RATE, OPEN and TRADES.
The NORBERTS_GAMBIT card shows currency conversions instead:
- FX Savings vs Bank: what you saved compared with converting at a bank.
- Conversions: how many conversions you made.
- Avg Rate: the exchange rate you actually got, on average.
- Bank Fee: the bank's fee used for the comparison, always 2%.
- Saved % and BOC: your saving as a share of what the bank would have given you, and the Bank of Canada rate on those days.
Customize
The gear icon on a card or on a row opens Customize Strategy. Change the Display Name, Description and Icon; leave a box empty to keep the default. Reset to Default undoes your changes. Only how the strategy looks changes, not which positions are in it.
Strategy detail
Opens when you click a strategy. The arrow at the top left goes back; Customize opens the same dialog as above.
Summary cards
Total P&L, Realized P&L, Unrealized P&L and Win Rate (with wins and losses, for example 7W / 2L). For Norbert's Gambit: Total FX Savings, Avg Effective Rate, Avg BOC Rate and Conversions (with the bank fee).
Cumulative P&L Over Time
A chart of the strategy's profit adding up over time (for Norbert's Gambit, Cumulative FX Savings Over Time).
Tickers
One card per ticker in the strategy: its total P&L, R: (realized) and U: (unrealized), how many positions (trades) and how many are open, and its win rate. When there are many tickers, use the arrows below the cards to page through them.
Click a ticker card for a one-row table with its Trades, Open, Realized P&L, Unrealized P&L, Total P&L, Win Rate, W / L and, when the strategy has any, Dividends. Click the ticker in that table for its Ticker Report; Back to all tickers returns.