# Short Option Calculator — Know the yields of your Wheel! > Option trading strategy calculator for annualized yield and income generation. (iPhone/iPad app by Valentin Reck.) - Source: https://appshunter.io/ios/app/short-option-calculator/id1609441914 (this page in markdown: same URL + `.md`) - Developer: [Valentin Reck](https://appshunter.io/developer/562010035) - Category: Finance, Productivity - Price: $2.99 - Age rating: 4+ - Requires: iOS 15.0 · 1 MB - Languages: English, German - Released: 2026-06-11 - Data updated: 2026-08-26 - Monetization: paid - User reviews in markdown: https://appshunter.io/ios/app/short-option-calculator/id1609441914/reviews.md ## What is Short Option Calculator? To all Option Wheel strategy traders: This app makes it super easy to calculate your annualized yield in just a few seconds - which is the key to properly execute income strategies in option trading. Especially when trading mobile, this App will enable you to improve and speed up your decision making significantly - by providing you with annualized yield figures in a snap. You can set relevant parameters and see how adjusting these parameters will impact your yield. You no longer need to rely on your gut feeling, since you will get reliable yield indications super fast: * Pick your strike price and optionally margin requirement * Slide your option premium up and down * Play with different expiration dates * Simulate yield impact of closing an option position early * Set your individual brokerage fees and tax rate -> You will see your calculated annualized gross yield, yield after fees and yield after fees & taxes (cash secured and on margin) About the Option Wheel strategy: In this strategy, the option trader aims at increasing his yield and collecting additional cash flow by repeatedly selling Cash Secured Put Options until assigned. Then, in the shareholder phase, the investor is collecting dividends and keeps selling Covered Call Options until assigned again - which brings the investor back to the Cash Secured Put phase. The strategy can be optimised, when the investor avoids assignment by rolling the position. The investor would aim at yields that are above the long term market average - to compensate the additional work he needs to invest. This calculator was developed to support on this endeavor. **DISCLAIMER** The information shown in the app does not represent any investment or investment strategy recommendations for trading in securities, but serves solely for personal information or entertainment and is in no way to be understood as an invitation to trade in securities. The information shown does not constitute business, legal or tax advice and is no substitute for individual advice from an expert. If you make use of the information provided, you always act entirely at your own risk. ## Key features - Calculate annualized yield - Adjust strike price and margin - Simulate premium and expiration changes - Model early position closing - Incorporate brokerage fees and taxes - Supports cash-secured and margin ## Recent user reviews (3 of 3) All indexed reviews: https://appshunter.io/ios/app/short-option-calculator/id1609441914/reviews.md ### 5/5 — Super App *2023-01-09* Den Kommentar von TraderChris kann ich nur bestätigen. Statt weiter mühsam alles in Excel einzugeben, bietet die App die bequeme mobile Möglichkeit, kurzfristig die wesentlichen Kennzahlen zu ermitteln um fundiert entscheiden zu können, ob sich der Trade entsprechend der eigenen Prämissen „lohnt“. Valentin hat zudem sehr schnell auf einen Verbesserungsvorschlag reagiert und diesen dann auch zeitnah umgesetzt. Daumen hoch! ### 5/5 — Nützlich für Wheel Strategie *2022-06-07* Die App hilft mir tatsächlich enorm beim Aufsetzen von Wheel-Trades bzw. gibt mir schnell die richtige Entscheidungsgrundlage. Die 1,99€ hat man wohl mit dem ersten Trader wieder raus - halte die App für Basisausstattung. Auf mein Feedback hat der Entwickler schnell und freundlich reagiert, weitere Updates sind wohl geplant. Top! ⭐️⭐️⭐️⭐️⭐️ ### 5/5 — Super App!! *2022-03-05* Ich benutze die App fast permanent „parallel“ zum IBRK Mobile Broker. Kann dann in Sekunden entscheiden, ob Prämie und Laufzeit in meinen Renditekorridor passen bevor ich einen Put schreibe - oder eben zurückkaufe. Mega umgesetzt und aus meiner Sicht mittlerweile unverzichtbar 👍🏻 ## Frequently asked questions about Short Option Calculator ### What is the primary function of Short Option Calculator? Short Option Calculator helps option traders quickly determine their annualized yield for various income strategies. It allows users to input parameters and see how changes impact their potential returns. ### How does Short Option Calculator handle fees and taxes? The app allows you to set your individual brokerage fees and tax rate. It then displays your calculated gross annualized yield, yield after fees, and yield after both fees and taxes. ### What option trading strategies does Short Option Calculator support? Short Option Calculator is designed to support option wheel strategy traders. It aids in calculating annualized yield for strategies involving selling cash-secured puts and covered calls. ### Can I simulate different scenarios in Short Option Calculator? Yes, you can simulate yield impacts by adjusting parameters such as strike price, option premium, expiration dates, and by modeling the early closing of a position. ### What is the user rating for Short Option Calculator? Short Option Calculator has a strong user rating of 5.0 stars based on 3 ratings. ### What devices is Short Option Calculator available on? Short Option Calculator is available on Android devices, as indicated by its release date and version information. ### How often is Short Option Calculator updated? The latest version of Short Option Calculator is 1.1.1, and it was last updated on July 30, 2023. This suggests regular maintenance and potential feature additions. ### Is Short Option Calculator suitable for beginners? While the app is designed for option wheel strategy traders, its ability to simulate yield impacts and provide clear calculations can be beneficial for those learning about these strategies. ## Version history (last 5 releases) ### 1.1.1 — 2023-07-30 We introduce our new partner: Estably Broker! ### 1.1 — 2022-06-26 Handel auf Margin hinzugefügt, funktionale und Usability-Verbesserungen, App auf Deutsch übersetzt ### 1.0.2 — 2022-03-21 Berechnungen & Privacy Policy aktualisiert ### 1.0.1 — 2022-03-09 Die Renditeberechnung funktioniert nun zuverlässiger ### 1.0 — 2022-03-03 No release notes. ## More apps by Valentin Reck - [vegan food alternatives](https://appshunter.io/ios/app/vegan-food-alternatives/id1480938284) All apps by Valentin Reck: https://appshunter.io/developer/562010035 --- *Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-08-26.*