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Trade Journal Series: How to use the Theta Research to find Covered Call candidates

January 10, 2017

By | 5 Comments

Trading Journals are essential for any successful trader. Click on the image to purchase our Trading Journals Bundle at a special price.

Last update: August 2021

If you are a PRO Member, the spreadsheet at the bottom of this post is something you can download and use directly on your computer. It’s an awesome tool we’ve created, from years of experience, to make your life as a trader simpler, and more productive with your research.

In this video tutorial, Coach Tim Justice teaches how to find the best candidates to trade the Covered Call options strategy using the Theta Research tool.

With Tackle Trading’s Theta Research Journal, you will better qualify and quantify the risk and reward of all of your cashflow trading candidates including:

  • Short Puts
  • Covered Calls
  • Bull Put Spreads
  • Bear Call Spreads
  • Iron Condors
  • Short Strangles
  • Calendar Spreads (Time Spreads)

Once you find some stocks, using a watch list, a scan, or something along those lines, you’ll then load the spreadsheet, and simply fill out the information to get better metrics on whether you have a good trading opportunity for cash flow or not.

Get the Theta Research Tool

Download the Theta Research Tool and start selecting the best stocks for your Covered Calls! (PRO Members Only).



Tackle Trading Resources on Journaling

Continue learning about this powerful trading tool: the Trade Journals. Tackle Trading has all the resources you need to MASTER them like a PRO. From the Trade Journals themselves to free articles and tutorial videos on how to make the most out of them, we got you covered!

Trade Journaling for Beginners [Free Articles]


Tackle 25 Covered Calls Premium System. Covered Calls are ideal for your IRA and can help you compound those gains and generate cashflow. Click on the image to get this premium trading system right away.

Tackle Trading Resources on Covered Calls

Continue learning about this powerful options trading strategy: the Covered Call. Tackle Trading has all the resources you need to MASTER this strategy like a PRO.

Covered Call For Beginners [Free Articles]


Portfolio Protection For Beginners [Free Articles]


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PRO Members now have unfettered access to the Tackle Coaches’ personal playbook containing thirty-one powerful trading strategies categorized according to the Options Greeks. Bullish, bearish, or neutral market conditions, this Playbook will help you dial up the right call more often and with greater confidence.


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Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.

All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.

5 Replies to “Trade Journal Series: How to use the Theta Research to find Covered Call candidates”

  1. AndrewRauma says:

    Loved it!!!

  2. KEITHGIUNTA says:

    Thanks Tim. Look forward to the new Tackle25s.

  3. DOUGRABE says:

    too cool! Thanks.

  4. EDWARDDECASO says:

    I needed it too. Thanks for the download. Is this the latest version as of 02/21/17? Is this v2 or a later version?

  5. ToddCurrier says:

    Thanks Tim – the video and spreadsheet are eye-openers for me. The cash flow prospects are much clearer even with lower volatility, positive dividend yld equities. Light bulb moment.

Comments are closed.

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