Income Goal Planner
The Income Goal Planner takes your target monthly premium income and available capital, then builds a multi-leg cash-secured-put allocation to hit that goal at the lowest implied risk. Every candidate CSP is filtered by liquidity gates, capped at 20% per name for diversification, and ranked by expected-value / CVaR ratio. Typical output for $1,500/mo on $50K capital: 3–5 CSPs at 30Δ, 30 DTE across SPY, QQQ, F, SOFI, XOM, and PFE. For $10K/mo on $500K, expect 15–25 legs including iron condors and butterflies on higher-IV names.
Includes optional iron-condor and butterfly legs when income target exceeds what pure CSPs can reach. The plan output is a transcribable multi-leg strategy with per-leg strike, expiration, premium, and required collateral — ready to paste into your broker. Read the planner methodology for the EV optimizer, concentration cap logic, and the fractional-Kelly sizing gate. Not investment advice; verify every leg against your broker's live quotes before entering.
Tell us your capital and the monthly income you want. Choose one or more strategies — wheel, iron condor, or iron butterfly — and we'll build a diversified allocation across real, liquid US tickers and ETFs with required yield, expected income, and risk per position. Iron condors and butterflies are POP-weighted to reflect their asymmetric outcomes.
How the Income Planner works
Enter the dollar income you want per month and the capital you have available. The planner scans 54 liquid US tickers and builds a CSP-only allocation — capped at 20% per name for diversification — that targets your goal at the lowest implied risk. The output is a multi-leg plan you can transcribe directly into your broker.
Methodology
We compute annualised yield on collateral as (premium × 100 × 365 / DTE) / (strike × 100). Strikes are filtered by delta band so picks stay within a reasonable assignment-probability range. The planner sorts candidates by yield, walks down the list allocating capital, and stops at the first allocation that hits your target.
Worked example
$100K capital and a $1,000/month target requires ~12% annualised on collateralised capital. With current premiums, that typically lands at a delta range of 0.20-0.30 on liquid mid-cap underlyings (e.g. SOFI, F, INTC, RIVN) plus a small allocation to higher-quality lower-yield names (SPY, QQQ) to anchor the portfolio.
Assumptions
All quotes are refreshed every 5 minutes (delayed during market hours on the current data plan). Premiums are mid-bid-ask. Actual fills will differ. The planner does not currently model commissions, slippage, or assignment-driven capital churn — those are reductions on the displayed yield.
Frequently asked questions
How is this different from the AI Planner?
The AI Planner accepts natural-language requirements ("I have 2.5M, want 50K/month") and writes explanations. This page is the underlying allocation engine — direct numeric inputs, direct numeric outputs.
Can I exclude certain tickers?
Not yet — that's on the roadmap. For now, if a ticker appears in the plan you don't want, mentally remove it and re-allocate that capital across the remaining picks.
What if I want covered calls instead?
Use the Wheel Screener, which ranks covered-call income across the same universe.
Why 20% per name?
It's an honest hedge against single-name blowups. If you're comfortable with more concentration, scale the plan manually; if you want less, split the allocation further.