Track Your Strangle with OptionsEdge
Stop guessing whether your strangle is actually profitable. OptionsEdge auto-groups your fills, tracks true cost basis across rolls, and shows strategy-level P&L — so you know exactly where your edge is.
No credit card · Import your first CSV in seconds
The tracking problem
Why tracking your strangle is harder than it looks
High risk associated with undefined loss in short strangles
Need for precise market movement prediction
Challenges of managing positions in volatile conditions
Undefined risk in options trading
Managing significant losses
Entering and exiting positions at the right time
What matters
Key metrics to journal for your strangle
These are the numbers that actually tell you if your strategy has edge
Net credit received when selling the strangle
Breakeven points — call strike plus credit and put strike minus credit
Delta exposure and how it shifts as the underlying moves
Win rate by DTE — which expiration windows produce the most consistent profits
Roll history — tracking tested sides that were rolled for credit or debit
Buying power reduction and return on capital deployed
Built for this strategy
How OptionsEdge tracks your strangle
Auto-groups your OTM call and put into a single strangle position from individual fills
Tracks net credit, buying power, and true P&L including rolls and adjustments
Roll tracking shows the full history of adjustments with P&L impact of each roll
Strategy-level analytics reveal which underlyings and DTE windows work best for your strangles
Import from ThinkorSwim or Tastytrade CSV — no API keys needed, legs are matched automatically
Keep reading
Related guides
Start journaling your strangle the right way
Import your first CSV free. No credit card. No API keys. Just upload your ThinkorSwim or Tastytrade export and see your strangle positions organized in seconds.
Import Your First CSV Free