Part of our mission here at Option Alpha is to offer the highest level of transparency possible in order to help you gain more confidence in your own trading system. Recently we developed a propriety portfolio tracking software that monitors and reports key statistics and metrics in real-time. This software tracks and categorizes real money trades, not paper or backtested trades.
As part of our higher level memberships, we stress that options trading is just a game of numbers and statistics. Your focus should be on placing lots of small, high-probability trades that captures the long-term overstatement of implied volatility. Hence, our performance metrics below focus on win rate, average profit/loss, time held and IV differential which to us represents the ability to generate consistent income.