Track your book

Save it, track it, close it — at any price, including $0.00

Updated October 2, 2026Screenshots from the live app, dark theme

A saved trade is a live position: every visit to Trades re-prices your open positions from a fresh chain, and a background job snapshots them through the trading day, so the P/L history builds itself. This article covers the lifecycle — saving, correcting the fill, drafts, deleting, and the archive.

Saving from the builder

Press Save in the builder. The dialog shows each leg’s quoted price next to an editable filled at field, because you never fill at the quote — the chain said 1.20, your broker said 1.17, and every downstream number keys off the entry. A leg the chain has no market for shows no quote in that column instead of a price, and its field starts at $0.00 only because there was nothing to seed it with — type what you actually paid. Until you do, the dialog’s net debit/credit is marked as a limit rather than a value, and nothing is stored as a “quote” we never had. You can also type one net fill for the whole position and the legs back-solve proportionally, landing on the cent you typed. Rarely the legs cannot reach it exactly (usually when every leg is two or more contracts, like a 2×3 ratio). Then, when you leave the field, it shows the net the legs do reach, and that is the figure saved. A fill far from the quote gets a note under its field — more than 5× or under a fifth of it — and one about 100× the quote is called out as a likely per-contract price, with the per-share figure named (type 187 against a 1.87 quote and it says so). It is only a note: Save stays enabled, because a fill really can sit that far from a stale quote. Anonymous saves are kept on this device (up to 3) and move into your account once you sign up and confirm your email; free accounts hold 3 saved trades, Pro is unlimited.

Fills stay correctable forever

Open a saved position and edit its entry fills at any time — mis-typed, or the broker reported differently. Everything recomputes: summary, matrix, breakevens, snapshots, and any linked wheel cycle’s basis and realized ledger. The quote you saw is stored beside the fill, so slippage stays visible instead of silently overwritten. Changing the structure keeps your earlier P/L history: adding or removing a leg, changing a quantity, a strike or an expiry, rolling a contract or applying a what-if leaves each earlier point as it was measured on the position you held then, and the history after the edit is measured on the new position. Later edits keep it too. Closing or reopening a leg leaves the history alone, since a close does not change what you paid to open. Correcting a fill price re-prices the history of the position that fill belongs to: everything since the last structural change, or the whole history if there was none.

The Trades page listing active positions with entry, current value, P/L and days to expiry, above an unvalued draft row — Open positions re-value on every visit — and a leg the chain has no live mark for reads “—”, never a made-up $0. Drafts show no P/L at all: there is nothing to value yet.

Caveat — When a value or a day’s change can’t be stated

Thinly traded options can go days without a trade. A leg whose last print is from before the previous trading session, or that sits outside what the option can be worth at today’s stock price, is valued from the model — its implied volatility at today’s stock price — instead of from that old print. If the whole position still lands outside what it could pay at expiry, it reads —: unvalued, not a guess. The same rule applies to the day’s change. Today’s return, on the phone sheet and on the dashboard, needs a mark from the previous trading session. If the newest mark we have is older than that, after a gap in snapshots, the change is unknown. It is left out and counted in the note beside the dashboard’s day figure (2 with no prior-session mark), not measured against a stale mark.

Drafts

Signed in, the builder offers Save draft — an unfinished ticket, not a position. A draft shows no valuation, no P/L, no DTE; it holds your legs and notes until you finish it. Opening a draft lands back in the builder in edit mode, and finishing it promotes it to a real saved trade.

Closing

Close a position at whatever it actually settled at — including $0.00. A put that expires worthless is worth zero, and recording it as a penny quietly corrupts the realized ledger, the cycle basis and every return derived from them. Closed trades keep the price you closed at; they are never re-quoted.

On your phone: the row opens an action sheet

On a phone, tapping a trade row slides up a bottom action sheet: the position’s legs, total return, cost basis and current value (plus a P/L sparkline and today’s return once snapshot history exists), with every action stacked below — View / edit trade, Roll, Record assignment, Set P/L alert, Edit entry fill, Edit position, Share, Close and Delete. Swipe the sheet down (or tap outside it) to dismiss. On desktop, clicking a row opens the trade directly, and its actions — Explore, Assign, the P/L alert bell, Fill, Roll, Edit and Delete — sit in their own column at the right end of the row, lined up down the table with Delete always last. In a narrower window (under about 1280px wide) the table keeps P/L and days to expiry, and the actions fold into a ··· button at the end of each row that opens the same action sheet from the side. When you record an assignment, the date starts on today (your local day) and can’t be set before the day the trade opened or after today; a date outside that range says which rule it broke. A covered call saved as one trade — its own shares plus the short call — is called away inside that trade: the shares go at the strike, the trade closes at that value, and no portfolio lot is sold. A short call with no shares in the trade sells them from your portfolio lots, oldest first. Mark the strategy closed at $0.00 is only offered when nothing but short options is left open, because beside shares or a long option it would book their whole cost as a loss.

Deleting, and the archive

Delete asks first, then offers Undo for a few seconds after — on the row and inside the position detail. A second delete forfeits the first undo, so take them one at a time.
Expired open positions file themselves into the archive with a settled valuation — nothing silently disappears, and the archive keeps the option history for the record.
An expired contract settles at the expiry-day close. A leg past its expiry (4:00pm ET on its expiry date) is worth exactly what it was in the money by against the stock’s official close on that date — $0.00 if it finished out of the money. Trades, the dashboard and the close dialog all use that one number; in the close dialog such a leg starts at it and is marked At expiry. If the expiry-day close is not available yet, the position reads — until it is. It is never settled at today’s price.
Rolling: any open position with a live short leg carries a Roll action (on the row and in the builder header). The preview prices the buy-back and the new sale from the live chain and states the net credit before you confirm.

Changing a position you already hold

A saved trade is read-only in the builder: you cannot drag its strikes or add a leg to it by accident. When you want to change one, try it in Explore first — a scratch copy beside the real position that prices the change against today’s chain, tells you what it does to your collateral and your risk, and rewrites the trade only when you press Apply and confirm. The trades list shows how many what-ifs each position is carrying (2 what-ifs), and the phone action sheet offers Explore what-ifs (n) right under View / edit.

The same is true of rolls. The Roll action above is the quick single-candidate preview; Explore will instead rank the rolls available on that short leg — the strike you hold and two either side, at up to four expiries past the one you are in — with the credit, the collateral each frees, and a flag on any roll that only pays because it moves closer to the money. Ivy can price a roll and rank your options too, and on a wheel or covered-call cycle she will record one for you behind her own Confirm card — but applying a roll to a saved position’s legs happens here, and only here.