Income Goal Planner
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 70+ 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.