About OptionIncomeTools
OptionIncomeTools is a free options-income platform operated by Akash Dedhia, an independent options-income analyst. The site offers 25+ calculators, screeners, leaderboards, and planners for cash-secured puts, covered calls, and the wheel strategy. All math is open. No signup is required. Portfolio data stays in the browser. The platform is educational only and explicitly not investment advice.
Free, delayed options-income tools built by traders for traders. Open methodology, transparent editorial standards, no paywalls.
Our mission
OptionIncomeTools exists to give retail options-income traders the same caliber of decision-support tools that institutional desks take for granted — delayed-data screeners, full-cycle backtesting, transparent scoring formulas, and risk-aware education — without a paywall, without a signup wall, and without filler content.
What we publish
The site spans three layers:
- Live tools: screeners for the wheel strategy, dividend+CC stacking, and earnings-volatility plays; the Income Goal Planner; the Black-Scholes calculator; the Strike Screener; the Current Screened Setups dashboard. All powered by real Polygon.io market data, refreshed every five minutes.
- Decision tools: the Options Backtesting Engine (real historical performance), the Strategy Comparison Engine (side-by-side equity curves), the Options Income AI (natural-language strategy planner), and the Portfolio Wheel Manager (local-first position tracker).
- Education: eight pillar guides on the major options-income strategies (covered calls, cash-secured puts, the wheel, Greeks, IV, risk management), plus per-ticker dashboards, account-size income guides, and sector × strategy playbooks.
Editorial standards
We treat every page as if a regulator might read it. Specifically:
- No specific trade recommendations. We rank candidates and explain trade-offs. We do not tell you to buy or sell anything. The disclaimer on every page reinforces this.
- No paid placements masked as editorial. Affiliate links are disclosed; broker ratings are based on functionality, not commission.
- Open math. Every formula on the site — from Black-Scholes through the Wheel Score weights to the Risk Score components — is documented on the methodology page. If you see a number you don't understand, the math is there.
- Honest yield reporting. Annualized yields are cycle-arithmetic numbers. We say so. We also explicitly note that real-world net yields typically run 40–70% of the displayed number after IV crush, assignment frequency, and slippage.
- Corrections welcomed. Email [email protected] with corrections or substantive critiques. We credit material corrections in the methodology changelog.
Editorial process
Content goes through three stages:
Drafting — pillar guides are written by an analyst with hands-on experience running the strategy. Supporting articles reference the pillar for canonical math. New tools ship with a per-feature explainer.
Review — every article is reviewed for: factual accuracy against the methodology page, citation of regulatory bodies where relevant (OCC, IRS, FINRA), and absence of trade-specific recommendation language.
Maintenance — articles carry "Last reviewed" dates and are re-checked at least quarterly. Material market or regulatory changes trigger immediate updates with a note in the changelog.
Roles & review structure
OptionIncomeTools is currently operated by one person. Rather than call that an “editorial team,” here is the honest breakdown of who does what, and what independent review does not yet exist. Where a role is unstaffed, we say so explicitly.
Akash Dedhia — Founder, Author, Engineer
Engineering background and active options-income trader since 2019. Writes every pillar guide and supporting article, builds and maintains every calculator, screener, and Worker endpoint. Reachable at [email protected].
| Role | Currently performed by | Independent from author? |
|---|---|---|
| Author — writes prose & educational content | Akash Dedhia | n/a (author role) |
| Calculation reviewer — verifies formulas, Greeks, backtests | Akash Dedhia (self-review) | No — unstaffed. Compensating controls: preflight math-parity gate (Gate 11), unit tests, worked examples cross-checked on methodology.html. |
| Financial-content reviewer — suitability, risk-framing, tax claims, broker-approval statements | Akash Dedhia (self-review) | No — unstaffed. If you are a licensed advisor or CFA charter-holder willing to review the pillar guides quarterly, please reach out. |
| Technical reviewer — Worker code, security-header changes, data-source changes | Akash Dedhia (self-review) + automated preflight gates (16 gates & growing) | Partial — the 16-gate preflight is deterministic and independent of the author’s intent, but the gates themselves are author-written. |
| Reader-facing corrections | Anyone, via [email protected] or the feedback widget | Yes — corrections received from readers are logged publicly in the corrections log with the correction date and what changed. |
What this means for you: the site is a well-instrumented one-person build with strong automation and open reader corrections, but it does not currently have independent second-eyes on financial content. Treat everything here as educational and cross-check anything you would actually trade against your broker’s own tools and a licensed advisor. If independent reviewer roles get filled in the future, this table will be updated with named reviewers and their qualifications.
Data sources
Option chains, quotes, dividends, and earnings come from Polygon.io via a Cloudflare Workers proxy. Daily price aggregates also come from Polygon. Day-over-day change deltas come from Stooq (free, reliable from CDN egress). Earnings calendar is hardcoded for the popular-ticker universe with quarterly review.
Limitations we openly admit
- The Polygon Options Starter plan provides 15-minute delayed quotes during market hours; live trading decisions should always be verified against your broker's order book.
- Implied volatility comes from Polygon's chain data; we do not recompute it. The IV-rank calculation is an approximation since we don't have a year of historical IV cached.
- Backtest pricing uses synthetic Black-Scholes from realized volatility — a strong proxy, but not a tick-by-tick replay of the actual chain.
- We model European-style options; American-style early exercise is not handled. For income-selling strategies the approximation is acceptable; for arbitrage strategies it is not.
What we don't do
- We don't sell signals.
- We don't run a trading newsletter that pumps positions.
- We don't track user trades or sell user data.
- We don't have a paywall on any tool, calculator, or article.
- We don't claim outcomes. Options trading carries substantial risk of loss.
How we sustain the site
Two revenue sources, both transparent: Google AdSense for non-intrusive display ads, and affiliate relationships with brokers and the Polygon.io data feed. We do not accept paid placement in editorial content. No broker, exchange, or asset manager pays us to write about them.
Contact + corrections
General questions, corrections, methodology suggestions: [email protected]
Legal / compliance / takedown: see our disclaimer, terms, and privacy policy.
Editorial standards: see our editorial policy.
Written by Akash Dedhia · Calculation reviewer: currently unstaffed (author self-review) · Page last reviewed: 2026-07-16 · Methodology changelog