It started as my own wheel notebook.
levelbox.ai is the accumulation of a few years of thinking about one question: how to get paid to wait for the prices I actually wanted to pay — and how hard the capital behind that waiting could work. It was built by a software engineer, for his own account first — and only later turned into something other people could use.
The problem I kept running into
I run the wheel on my own portfolio — selling cash-secured puts on companies I'd be content to own, getting paid to wait, and selling covered calls once assigned. The strategy is simple. Running it well, month after month, is not.
Two habits kept costing me. The first was taking rich premium on names I didn't really want — and the fattest premium, it turns out, is usually the market quoting its fear back at you. The second was sizing positions by feel, without the downside in front of me. Both are the kind of mistake that doesn't hurt on any single trade and compounds quietly across many.
So I built the checks I wished I had
Software is what I do for a living, so I did the obvious thing and wrote the tooling I needed: a screener that ranks candidates by quality first, shows the capital each trade ties up, and puts the premium, annualised yield, breakeven and maximum loss on screen before I commit — the risk next to the reward, not behind it. It made me steadier, and slower in the right way.
Over time the notebook became real software — accurate options maths, the Greeks, and a fundamental view of whether a business is worth owning at the strike at all. At some point it was good enough that keeping it to myself stopped making sense.
The harder question: capital efficiency
A cash-secured put ties up real money — the full strike, in cash, doing one job until expiry. So the number that came to matter most wasn't the premium at all; it was the yield on the capital each trade locked up, and whether that capital was working as hard as it safely could. Laddering expiries so cash isn't sitting idle. Knowing your real yield and exposure across every position at once, not one ticket at a time. Seeing when a defined-risk structure would free up collateral without quietly adding risk you can't see. Small differences that compound into the gap between a hobby and a real income.
That's the part I think is genuinely worth paying for, and it's where the Pro tier is headed: capital efficiency across a whole portfolio rather than a single trade — your true yield and exposure, the capital each position commits, and where it could be put to better work. The free screener will always show the quality and the risk on every candidate. Pro is for running real capital across positions.
Why make it available
A lot of people hold a portfolio and would happily generate some cash flow from it while they wait — to buy the dip, to add to names they like, or simply to be paid for their patience. The maths to do that safely already exists; it just isn't usually laid out where you can see the trade-off clearly. That gap is the whole reason this is a product and not a private script.
So the goal is modest and specific: help you own the right names at the right size, and see the income and the risk before you sell. It won't tell you what to buy. It shows you the numbers and leaves the decision where it belongs — with you.
If chasing premium on names you don't want and sizing by feel are the parts you find hard, you'll understand this quickly — because they're the parts I built it to fix.
— Founder, building levelbox.ai in the open
levelbox.ai is operated by BlueBed.ai Pte. Ltd. in Singapore.
levelbox.ai is analytical and educational software. It is not a broker or an adviser, does not hold your funds, and does not place trades. Options carry real risk: if a stock falls well below your strike and does not recover, you can lose substantial capital. The decisions are yours.