Options Workspace — Personal Trading OS

Engine rules

Single-leg long premium only — no spreads, no short premium, no assignment risk

Shadow mode

Universe

Technology & cybersecurity large/mid caps

Structures

Long CALL · Long PUT — defined max loss = premium paid

Execution

Disabled — paper journaling only

Company quality

weight 20%

Sector strength

weight 12%

Technical setup

weight 18%

Catalyst timing

weight 14%

Liquidity

weight 12%

Contract quality

weight 12%

Risk / reward

weight 12%

The options quality layer is an independent, original checklist inspired by widely discussed company-quality-and-thesis-first investing principles. It does not reproduce, replicate, or represent any third party's proprietary system, course material, or signals, and is not affiliated with or endorsed by any such party. ICT concepts are implemented as this project's own interpretation of publicly described price-action ideas.

Sector

Rank by

CRWD

Long CALLCybersecurityconfirmedBest candidate

CrowdStrike Holdings · underlying 402.18 · RS 1.34

Score84

Ranking factors

Company quality 20%93

Thesis grade A · +29% YoY growth

Sector strength 12%94

Cybersecurity · RS 1.34 vs SPX

Technical setup 18%94

bullish · confirmed

Catalyst timing 14%90

Q2 earnings · 38 DTE

Liquidity 12%83

OI 11,940 · spread 0.40 (2.2%)

Contract quality 12%100

Δ 0.48 · IVR 38 · θ -0.34

Risk / reward 12%18

0.52x premium on a 5% move

Weakest factor: Risk / reward at 18 — 0.52x premium on a 5% move

Underlying & catalyst

Biasbullish

Key level395 prior breakout shelf now support

Q2 earningsSep 2

Higher lows since the 340 reclaim, 21EMA support held 4x

Guide raise expected; ARR and module adoption are the swing factors

Company quality & thesis

Grade A

Revenue growth+29% YoY

Gross margin78% (subscription)

Net retention112%

FCF margin31%

Balance sheetNet cash positive, no meaningful debt

Moat Single-agent platform, high switching cost, 8+ module attach

Company-quality first: durable growth with real free cash flow and a platform moat. Price is in an uptrend above a reclaimed shelf, and the catalyst is dated. Long CALL expresses the thesis with defined risk.

Contract

Expiration2026-09-18 · 38 DTE

Strike$410

Premium (mid)$18.40

Bid / Ask18.20 / 18.60

Delta0.48

Theta-0.34

IV / IV rank44.2% · 38

Volume4,820

Open interest11,940

Max risk$1840 / contract

Risk engine pre-check

· Risk per trade 2.24% exceeds the 0.75% ceiling ($1840 vs $617 max).

! More than 60% of the daily loss budget is already used — consider half size.

! Premium at risk is large for a single-leg long position.

Invalidation Daily close below 388 (loss of the shelf) or thesis break on guidance cut. Hard stop at 50% premium loss.

CANDIDATE APPROVABLEComposite 84 clears the minimum score; sizing is capped at premium risk.

Buy to open — live disabled

PANW

Long CALLCybersecurityforming

Palo Alto Networks · underlying 208.60 · RS 1.08

Score71

Ranking factors

Company quality 20%74

Thesis grade B · +14% YoY growth

Sector strength 12%60

Cybersecurity · RS 1.08 vs SPX

Technical setup 18%86

bullish · forming

Catalyst timing 14%90

Platformization update · 38 DTE

Liquidity 12%62

OI 8,760 · spread 0.20 (2.5%)

Contract quality 12%94

Δ 0.41 · IVR 26 · θ -0.19

Risk / reward 12%18

0.52x premium on a 5% move

Weakest factor: Risk / reward at 18 — 0.52x premium on a 5% move

Underlying & catalyst

Biasbullish

Key level205 volume shelf

Platformization updateAug 21

Base building above 200, volume drying on pullbacks

Management cadence on platform deal count

Company quality & thesis

Grade B

Revenue growth+14% YoY

Gross margin74%

Net retention106%

FCF margin38%

Balance sheetStrong FCF, manageable converts

Moat Broadest enterprise security footprint, bundling leverage

High-quality compounder, but growth deceleration caps the multiple. Structure is constructive, catalyst is softer than an earnings print — smaller sizing warranted.

Contract

Expiration2026-09-18 · 38 DTE

Strike$215

Premium (mid)$8.15

Bid / Ask8.05 / 8.25

Delta0.41

Theta-0.19

IV / IV rank33.8% · 26

Volume2,310

Open interest8,760

Max risk$815 / contract

Risk engine pre-check

· Risk per trade 0.99% exceeds the 0.75% ceiling ($815 vs $617 max).

! More than 60% of the daily loss budget is already used — consider half size.

Invalidation Daily close below 199 or a failed reclaim of 205 after a breakdown.

CANDIDATE APPROVABLEComposite 71 clears the minimum score; sizing is capped at premium risk.

Buy to open — live disabled

NVDA

Long CALLTechnologywatching

NVIDIA · underlying 183.90 · RS 1.41

Score71

Ranking factors

Company quality 20%93

Thesis grade A · +56% YoY growth

Sector strength 12%100

Technology · RS 1.41 vs SPX

Technical setup 18%40

neutral · watching

Catalyst timing 14%90

Q2 earnings · 38 DTE

Liquidity 12%90

OI 138,400 · spread 0.10 (1.3%)

Contract quality 12%69

Δ 0.36 · IVR 71 · θ -0.22

Risk / reward 12%14

0.42x premium on a 5% move

Weakest factor: Risk / reward at 14 — 0.42x premium on a 5% move

Underlying & catalyst

Biasneutral

Key level178 gap fill

Q2 earningsAug 27

Extended above 21EMA, consolidating after a 22% run

Data center revenue and supply commentary

Company quality & thesis

Grade A

Revenue growth+56% YoY

Gross margin75%

Net retentionn/a (hardware)

FCF margin47%

Balance sheetFortress balance sheet

Moat CUDA ecosystem lock-in, supply allocation power

Best-in-class quality, but entry timing is poor: price is extended and pre-earnings IV is elevated. Wait for the gap fill or post-event IV reset.

Contract

Expiration2026-09-18 · 38 DTE

Strike$195

Premium (mid)$7.90

Bid / Ask7.85 / 7.95

Delta0.36

Theta-0.22

IV / IV rank48.9% · 71

Volume51,200

Open interest138,400

Max risk$790 / contract

Risk engine pre-check

· Risk per trade 0.96% exceeds the 0.75% ceiling ($790 vs $617 max).

! More than 60% of the daily loss budget is already used — consider half size.

Invalidation Loss of 178 gap support, or an IV rank above 80 which makes long premium unattractive.

CANDIDATE APPROVABLEComposite 71 clears the minimum score; sizing is capped at premium risk.

Buy to open — live disabled

ZS

Long PUTCybersecurityconfirmed

Zscaler · underlying 176.42 · RS 0.82

Score66

Ranking factors

Company quality 20%54

Thesis grade C · +21% YoY growth

Sector strength 12%73

Cybersecurity · RS 0.82 vs SPX

Technical setup 18%94

bearish · confirmed

Catalyst timing 14%90

Billings guide · 24 DTE

Liquidity 12%54

OI 6,420 · spread 0.20 (3.0%)

Contract quality 12%71

Δ -0.38 · IVR 62 · θ -0.26

Risk / reward 12%17

0.50x premium on a 5% move

Weakest factor: Risk / reward at 17 — 0.50x premium on a 5% move

Underlying & catalyst

Biasbearish

Key level180 failed retest

Billings guideAug 28

Lower highs since 205, 50DMA rolled below 200DMA

Billings growth deceleration risk into print

Company quality & thesis

Grade C

Revenue growth+21% YoY

Gross margin77%

Net retention103%

FCF margin22%

Balance sheetHealthy, dilution from SBC is the drag

Moat Zero-trust edge scale, but overlapping competition

Quality is good but decelerating, and the tape confirms distribution. Long PUT expresses the deceleration risk with capped loss — no shorting stock, no spreads.

Contract

Expiration2026-09-04 · 24 DTE

Strike$170

Premium (mid)$6.70

Bid / Ask6.60 / 6.80

Delta-0.38

Theta-0.26

IV / IV rank51.6% · 62

Volume3,140

Open interest6,420

Max risk$670 / contract

Risk engine pre-check

· Risk per trade 0.81% exceeds the 0.75% ceiling ($670 vs $617 max).
· Signal score 66 is below the minimum approvable score of 70.

! More than 60% of the daily loss budget is already used — consider half size.

Invalidation Daily close back above 184 invalidates the distribution read.

NO TRADEComposite 66 is below the minimum approvable score of 70.

Buy to open — live disabled

SNOW

Long PUTTechnologyinvalidated

Snowflake · underlying 214.05 · RS 0.96

Score43

Ranking factors

Company quality 20%74

Thesis grade B · +27% YoY growth

Sector strength 12%55

Technology · RS 0.96 vs SPX

Technical setup 18%17

neutral · invalidated

Catalyst timing 14%46

Consumption trends · 10 DTE

Liquidity 12%26

OI 4,120 · spread 0.20 (6.5%)

Contract quality 12%47

Δ -0.24 · IVR 55 · θ -0.31

Risk / reward 12%28

0.83x premium on a 5% move

Weakest factor: Technical setup at 17 — neutral · invalidated

Underlying & catalyst

Biasneutral

Key level208 reclaimed

Consumption trendsSep 3

Reclaimed 208 and squeezed — thesis level broken

Product revenue growth cadence

Company quality & thesis

Grade B

Revenue growth+27% YoY

Gross margin68%

Net retention126%

FCF margin24%

Balance sheetLarge cash pile

Moat Data gravity, strong retention

Bearish structure thesis is dead — 208 was reclaimed on volume. Closed as invalidated, no re-entry without a new setup.

Contract

Expiration2026-08-21 · 10 DTE

Strike$200

Premium (mid)$3.10

Bid / Ask3.00 / 3.20

Delta-0.24

Theta-0.31

IV / IV rank46.1% · 55

Volume980

Open interest4,120

Max risk$310 / contract

Risk engine pre-check

· Signal score 43 is below the minimum approvable score of 70.

! More than 60% of the daily loss budget is already used — consider half size.

Invalidation Already invalidated: daily close above 208.

NO TRADEThesis invalidated — the idea is archived, not tradeable.

Buy to open — live disabled

Risk disclaimer. This is a personal research and journaling tool, not investment advice, and not a broker. Futures and options trading involves substantial risk of loss and is not suitable for every investor; you can lose more than your initial outlay. All data shown here is simulated mock data for interface development. Scores, theses, and AI commentary are informational only, never recommendations, and never override your own rules or the risk engine. Past performance does not indicate future results.