Trade Evaluation scores every closed options trade on the edge it had at entry and the outcome it earned — placing each one in a skill, variance, luck, or deserved quadrant. Then it decomposes the P&L into theta, vega, delta, and gamma, so you see where the result actually came from. A lucky win and a good decision finally stop looking the same.
Backward-looking scorecard on your own trades. For your own research — not financial advice.
Each trade is tagged with the volatility risk premium it captured going in — a measure of whether you actually had an edge, separate from how it turned out.
A Sinclair/Mack-style skill / variance / luck / deserved grid. Combining edge with result stops a lucky win from looking like a good call, or a deserved loss like a blunder.
Every result split into theta, vega, delta, and gamma — so you know whether you got paid for time decay, a vol move, direction, or convexity.
Roll up to win rate and Sortino ratio by strategy, so you can tell which of your approaches genuinely earns its keep across many trades.
Built to grade how you trade, not just the dollars. Over time the quadrants show whether your edge is real or your account is riding variance.
Read the scorecard alongside the trading journal — thesis, post-mortem, tags, and R-multiple — to close the loop between why you took a trade and how it scored.
Outcomes are noisy. A trade with no edge can win and a well-structured one can lose — over a handful of trades the dollars tell you almost nothing about your process. Trade Evaluation grades the decision and the result separately, decomposes the P&L into the Greeks that actually produced it, and aggregates to per-strategy win rates and Sortino. That's how you find out whether your edge is real long before your account balance does.
It is a scorecard for your closed options trades that separates process from outcome. Each trade is tagged with the edge it had at entry and the quadrant its result falls into, so a profitable trade taken with no edge reads differently from a loss on a well-structured one.
Trades are placed in a skill / variance / luck / deserved grid, combining whether you had an edge at entry with whether the trade made or lost money. It stops a lucky win from masquerading as a good decision and a deserved loss from looking like a mistake.
Each trade's result is broken into theta, vega, delta, and gamma components, so you can see whether you got paid for time decay, a volatility move, direction, or convexity.
Strategy-level statistics — win rates and Sortino ratios per strategy — so you can see which of your approaches actually earns its keep over many trades.
No. Trade evaluation is a backward-looking analytics tool for grading your own closed trades. It does not recommend trades or predict future results.