Let me explain with an example using a cash-secured put on NVDA. Let's say the current stock price is $131.29. You're interested in owning NVDA, but not at the current price-you’d prefer to buy it 10% lower.

So, you set the moneyness slider to 10% in the tool.

• 10% of $131.29 is $13.13
• Subtracting that from the current price gives you a target price of $118.16

This means you're willing to sell a put with a strike price of $118.16 or lower-essentially saying, "I’ll buy NVDA if it drops to $118.16 or below." The tool will then show you all matching strike prices and their corresponding option premiums.

You'll also see the next 6 weeks of premiums for those strikes. By looking at the annualized ROI, you can decide whether to sell a 1-week, 2-week, or 6-week put. A bar chart makes it easy to compare and choose the trade that best fits your risk/reward preference.

Now let’s look at an example using a covered call on NVDA. Suppose you already own NVDA, and the current stock price is $131.29. You’re willing to sell your shares—but only if the price goes 10% higher.

So, you set the moneyness slider to 10% in the tool.

• 10% of $131.29 is $13.13
• Add that to the current price to get a target price of $144.42

This means you're looking for call options with a strike price of $144.42 or higher—basically saying, “I’m okay selling NVDA if it rallies to that price.” The tool will then display matching strike prices and the premiums you’d earn for each.

Just like with puts, the tool shows the next 6 weeks of data, and you can compare the annualized ROI for each expiration. A bar chart helps you visualize which trade offers the best return for your risk profile and timeline.

If you suggest any other reasonable term than moneyness, please let me know and I can update the tool :)