yourfinance
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Glossary

The words yourfinance uses, in the app's own terms. Examples use the demo dataset on a made-up ticker, DEMO.

Assignment
The option's buyer exercises it. For a put you sold, you buy the shares at the strike; for a call you sold, your shares are sold at the strike: they are called away.
Atomic
Atomic means every linked change is saved together or none is saved. A roll, for example: the buy-back and the new sale are saved together, or neither is.
Buy to close
Buying back an option you sold, which settles it. Its credit less the cost to close is then realized. In the demo, 180 − 30 = 150.
Called away
Your shares are sold at the strike of a call you sold, because it was assigned. When no shares are left, the cycle is complete.
Canonical event
A canonical event is the authoritative recorded fact used in those calculations, and a correction adds a new event instead of erasing history. Every figure yourfinance shows is worked out from these events.
Cash-secured put
A put you sell while keeping the cash to buy the shares at the strike, if it is assigned.
Contract
One option contract covers 100 shares.
Correction
A new event that puts an earlier one right. The earlier event stays in the history; nothing is erased.
Covered call
A call you sell on shares you own, one contract for each 100 shares. In the demo, 3 calls at 22.00 on 300 shares.
Cycle
On one ticker, the stretch from the first shares until all of them have left. Premium-adjusted basis counts only the current cycle's premium, and a new cycle starts without the old premium.
Decision Desk
The yourfinance screen that lists what needs a decision, ranked. It orders attention; it does not recommend a trade or contact a broker.
DTE
DTE means calendar days to expiry. It counts down to the day the option expires.
Expired worthless
An option that reaches its expiry without being exercised. Its whole credit is then realized, and the obligation ends.
Gross premium
Gross premium is opening cash; it is not realized profit while the option remains open. Also called premium collected. In the demo, 420: 180 from the first call and 240 from the second.
Ledger
A ledger is the local history of confirmed financial facts used to calculate the workspace; it is not a broker account. Everything yourfinance shows is worked out from it, on your computer.
Licence key
A licence key is the YF- code from your purchase e-mail; it is verified on this computer against the public key built into the app, nothing is sent anywhere, and there is no activation count.
Obligation
An obligation is what the option contract may require, such as delivering shares or paying cash. For a covered call, delivering your shares at the strike; for a cash-secured put, paying the strike for the shares.
Open premium at risk
The credit of options that are still open. It has been collected, but a buy-back or an assignment can still take some or all of it back. In the demo, 240.
Premium-adjusted basis
Premium-adjusted basis subtracts eligible active-cycle option P&L. In plain words: your share cost, lowered only by the option premium you have kept in the current cycle. In the demo, 21.50 becomes 21.00.
Rank
Rank 1 is reviewed before higher numbers. The Decision Desk ranks what needs a decision, so the most pressing comes first.
Raw basis
Raw basis is broker-recorded share cost. What you paid per share, as your broker records it. Options never change it. In the demo, 21.50.
Realized option P&L
Settled option credits minus closing debits and option fees. In the demo, 150.
Roll
Buying back an option and selling another, usually with a later expiry, as one decision. yourfinance records both legs as one event.
Strike
The price at which the option's shares change hands if it is assigned.
Tier
A tier is what your key unlocks: Trial (free, no key: every feature for 10 days from first launch, then read-only with exports and backups still working), Beginner (one account, unlimited positions, and every analysis tool: rolls, scenarios, operating policy, the journal, research, imports and exports), or Pro (everything in Beginner, unlimited accounts and connectors).
Trial
The trial is what runs without a key: the sample workspace it seeds is tagged as a sample and never leaves the app in an export.
Weekly review
A once-a-week list of what is expiring, what is due and anything missing, which you mark complete.
Wheel (the strategy)
Selling cash-secured puts until shares are assigned, then covered calls on those shares until they are called away, then puts again.
Wheel position
A wheel position links shares and option contracts that belong to the same income cycle. In the demo, the 300 DEMO shares and the calls sold on them.