Noria
Systematic options-income software for self-directed traders.
A stock replacement, an income engine, and a hard limit
Three ideas make up the core strategy. No performance promises here — just the mechanics.
LEAPS replace the shares
Instead of buying 100 shares, Noria tracks a deep in-the-money, long-dated call. It moves like the stock but ties up far less capital.
Short calls generate income
Against that position, Noria sells short-dated out-of-the-money calls on a rolling cycle, collecting premium and managing rolls and assignment risk along the way.
The Critical Rule is never bypassed
Spread width must exceed the net debit paid, on every trade, every roll. It's enforced in code, not just policy — the one thing that keeps this a defined-risk position.
Real trades, percentages only
Every closed trade below comes from the operator's own personal account activity — no dollar figures, no position sizes, no account details.
Premium-cycle trades (short calls, cash-secured puts) show the percent of collected premium kept. Closed positions (LEAPS, spreads) show percent return on cost. Both are net of estimated fees.
Completed positions only — open positions and their in-progress cycles are not shown.
| Closed | Ticker | Strategy | Kind | Holding days | Result |
|---|
Monthly activity
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