Moneyball for options income
Baseball had batting averages until sabermetrics asked better questions. Saber does the same for options income — turning greeks into plain-English income-and-risk stats for premium sellers running cash-secured puts, covered calls, and the wheel.
Stop reading greeks. Start reading income stats.
Theta, delta, gamma, vega describe an option's sensitivities — exactly what a market maker needs, and almost never what an income trader actually asks. Saber translates the same inputs into the question a premium seller cares about, whether they're writing puts or calls.
The headline stat is the Theta Yield Equivalent (TYE): premium collected, divided by the cash securing the trade, multiplied by how many times a year it repeats. Rental income for your capital — quoted like a yield.
Move the inputs. Watch the yield.
Sell one cash-secured put and Saber reads it instantly. Drag the strike, premium, and days-to-expiration — or try an example below.
A quick read from the income math. The full Saber Score is computed from live options greeks — delta, gamma, and implied volatility — on the real chain.
A gross annualized yield equivalent — it assumes the trade keeps repeating at similar premiums, and excludes taxes, fees, bid/ask, and assignment. Not a guaranteed return.
The premium stacks on top of T-bills.
The cash securing your put doesn't sit idle — it keeps earning the risk-free T-bill rate while it waits. The option premium stacks on top, which answers the most reasonable objection in income trading:
"Why take option risk when cash already yields something?"
Because you're not giving up the cash yield to do it — the premium is pure income on top of what the cash already earns. Saber shows you both layers, and whether the extra is worth the risk.
Yield means nothing until you price the risk
A 120% annualized yield looks amazing — until you realize you're selling puts two inches from the strike on a meme stock. Saber weighs the income against each risk you're taking, producing a family of efficiency scores that all ask one thing: how much am I being paid for this specific risk?
Theta Efficiency
How much annualized income you're paid for each unit of assignment risk. It's why the highest raw yield is so often not the best-paid risk on the board.
Theta Stability
How much income you collect relative to how fast the trade can deteriorate — the reason a juicy 5-day premium can be far more fragile than it looks.
Volatility Sale Quality
Whether you're actually being paid well to sell this volatility — premium that looks high in dollars is often thin once you weigh it against IV rank, how rich volatility really is right now.
Each is named for its own Greek letter — like the options greeks they're built from.
What they measure is plain English. How they're calculated is Saber's edge.
Together they roll up into a single 0–100 Saber Score — rank the whole board at a glance, then drill into the stat that matters.
Same screen, two trades, one lesson
Modest headline yield, but you're paid well for every unit of risk — and the cushion holds if the stock wobbles.
Five times the yield — but high gamma and a fat delta mean one move flips it. The premium looks exciting; it's the trade that runs you.
Five times the yield. A third of the score. That gap is the whole point of Saber.
Most services sell the win rate. Saber shows the losses.
Annualizing 24 cycles quietly assumes you win every cycle. Premium selling wins the large majority of the time — but "majority" is where honest math lives. The trades that do get tested are where assignment, drawdowns, and the left tail show up.
So Saber shows two numbers side by side: the gross TYE and an EV-weighted TYE that prices in the losses. Downside sits next to yield on every screen — never behind a tooltip.
The edge underneath is the variance risk premium: options persistently price more volatility than ultimately shows up, and sellers get paid the difference. Documented, durable risk compensation — not a secret, a discipline. Teaching it doesn't make it disappear.
What the Saber system unlocks
Saber shows up where you already work — scored, ranked, and explained in plain English.
One preset filters the whole board down to the trades that clear the Saber bar.
Implied volatility is running 4.8 points above what tends to get realized — premium is genuinely rich here, not just nominally high.
Plus the Saber course & community — the playbook taught, not just displayed. It all ships with Ultimate — join the waitlist or see pricing.