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Long Premium: This is basically just the opposite of short premium. Here are some examples of short strategies that belong into this category: short strangles, short straddles, short iron condors, credit spreads, short calls, short puts… In other words, the goal of the position was to sell it at a high price and buy it back at a lower price. Short Premium: An options trade belongs into this category when the position is a short strategy. Before entering an options trade, you should identify in which of these two categories it belongs: As options work slightly different than stocks or other similar assets, I want to walk you through entering options trades now.īy default, the options trading section is divided into two subsections, namely short premium and long premium (the names can be customized, but more on that further down). In fact, the last options trading section is specifically designed to keep track of options trades. Using the Excel Trading Journal Template for options trading:Īs you probably know, my Excel trading spreadsheet can also be used for options trading. It has all the required stats directly on one page.Ģ. Here is an example of the history tab inside of the broker platform tastyworks. So all you have to do is go your broker platform’s trade history and look at the stats of your trades and then copy those to the spreadsheet. However, your broker platform will have all of the necessary information. You likely won’t be able to remember all of the necessary stats to fill out all the fields. The following animation shows how the different fields should be filled out: Everything else will be done automatically! Generally, you should not fill out any fields except for the above-mentioned ones. %: This shows you the percentage gain/loss on your trade.P&L: This shows the net Profit and Loss of your trade.
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Time/Trade: This shows you how long you were in a trade (in dd/hh/mm/ss).
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These fields will be filled out automatically after you fill out all the other cells. However, I highly recommend filling it out!īesides the just mentioned fields, there are a few other fields that should NOT be filled out manually.
#OPTION ALPHA SIGNALS REVIEW TRUTH REVEALED TRADE OPTIONS WITH ME HOW TO#
How to use the Excel trading journal template – Entering trades Using the trading journal for options tradingġ.This article will explain you all the intricacies of my Excel trading journal template. I highly recommend using my or your own Excel spreadsheet to track your trades as tracking trades is essential to your success as a trader. I recently released a downloadable Excel trading journal template.