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BPS Tracker User Guide

🚀

Getting Started

Download & Install

Download BPS Tracker from the App Store. Requires iOS 17 or later. Open the app after installation to get started.

Tip: On first launch, Demo mode displays sample data to help you explore the app features.

Alpaca Account Connection (Optional)

Connect your Alpaca account to get real-time market prices and Greeks data. This is an optional feature - the app works without it.

1.

Go to Settings page

2.

Tap "Login with Alpaca" button

3.

Complete OAuth authorization on Alpaca website

4.

You'll be redirected back to the app automatically

Note: Alpaca market data has a 15-minute delay, not real-time quotes.

Main Screen Overview

The main screen has several sections:

  • Portfolio Summary

    Shows Capital at Risk, Max Profit, Unrealized P&L, Theta/Day

  • Position Cards

    Each position card displays underlying, strikes, expiry, and P&L

  • Filter Tabs

    Switch between All / Open / Closed positions

➕

Add Position

Field Descriptions

Tap the "+" button in the top right to add a new position. Fill in the following:

Symbol

Stock ticker symbol (e.g., AAPL, SPY, QQQ). The system validates the symbol.

Short Strike

The strike price of the Put you SELL in the Bull Put Spread. This is the higher price.

Long Strike

The strike price of the Put you BUY for protection. This is the lower price.

Credit

Net premium received per share (e.g., $1.50 means $150 per contract).

Contracts

Number of contracts traded. 1 contract = 100 shares.

Open Date / Expiry Date

Used to calculate DTE (Days to Expiry) and holding days.

Real-time Preview

As you enter data, a preview shows:

Max Loss

(Width - Credit) × 100 × Contracts

Max Profit

Credit × 100 × Contracts

Breakeven

Short Strike - Credit

Potential RoR

Max Profit ÷ Max Loss

Example: AAPL Bull Put Spread

Symbol

AAPL

Contracts

5

Short Strike

$175

Long Strike

$170

Credit

$1.50

Width

$5.00

Max Profit

$750

Max Loss

$1,750

📊

Position Tracking

Greeks Explained

Greeks measure options risk. BPS Tracker shows Net Greeks for Bull Put Spreads (Net = Long - Short):

Δ

Delta

Price sensitivity - how much the option value changes per $1 move in underlying.

Ideal range: -0.10 to +0.10 (near neutral)

Γ

Gamma

Rate of Delta change per $1 move in underlying.

Ideal range: -0.01 to 0 (low curvature risk)

Θ

Theta

Daily time decay value. Main profit source for sellers.

Ideal range: Positive (earning time value daily)

💰 Daily Theta Value = Net Theta × 100 × Contracts

ν

Vega

Sensitivity to 1% change in implied volatility (IV).

Ideal range: -0.05 to 0 (controlled IV risk)

P&L Display

Unrealized P&L

(Credit Received - Current Close Cost) × 100 × Contracts

The percentage in parentheses shows how much of Max Profit has been earned. E.g., "$150 (75%)" means 75% of max profit achieved.

Color Meaning

🟢 Green = Profit🔴 Red = Loss

Risk Warning Labels

Near Expiry

DTE ≤ 7 days, approaching expiration

ITM Warning

Current price below Short Strike, assignment risk

✓ Real Price

Using real Alpaca option quotes

✅

Close Position

How to Close

1.

Tap a position card to open details

2.

Tap "Close Position" button

3.

Enter close date and close price (Debit paid)

4.

(Optional) Select a close reason

5.

Review P&L preview and tap "Close Position"

Close Reasons (Optional)

Recording close reasons helps review trading decisions. Default options:

Trading Related

Profit target reachedStop loss triggeredEarly profit lockRisk management

Time Related

Approaching expirationTheta target reachedDTE too low

Market Related

High volatilityTrend reversalIV change

P&L Calculations After Close

Realized P&L

(Credit - Close Price) × 100 × Contracts

Return on Risk (RoR)

Realized P&L ÷ Max Loss × 100%

Annualized RoR

RoR × (365 ÷ Holding Days)

📈

Performance Analysis

History Page

Tap "History" in the navigation to view complete trade history and performance stats.

Statistics

  • Total TradesTotal number of closed trades
  • Win RateProfitable trades ÷ Total trades
  • Total P&LSum of all realized P&L
  • Avg RoRAverage Return on Risk
  • Avg Holding DaysAverage days held

CSV Export / Import

Export CSV

Export position data to CSV from History or main screen. Uses standard OCC option symbol format for use with other tools.

Import CSV

Import CSV files from Settings to batch add positions. Import is additive - existing data is preserved.

CSV format example:

ShortPutSymbol,LongPutSymbol,OpenDate,Contracts,Credit,Status AAPL250117P00175000,AAPL250117P00170000,2024-12-01,5,1.50,open
⚙️

Settings

Alpaca Account Management

Connect Account

Tap "Login with Alpaca" for OAuth authorization to get real-time market data.

Disconnect

When connected, tap "Disconnect" to unlink your Alpaca account. App continues to work but without real-time prices and Greeks.

Demo Mode

Enable Demo Mode to display sample positions for exploring app features. Disable to enter your own real trades.

Note: Demo Mode data does not affect your real position data.

Delete Account

"Delete Account" clears all local data including:

  • All position records
  • Trade history
  • Alpaca authorization token
  • All settings

Warning: This action cannot be undone. Please confirm before proceeding.

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Questions? Contact us:support@ai-muninn.com