Real-World Results

Case Studies

How Tollbooth handles real scenarios — from concentrated single-stock positions to full-firm ETF overlays. All examples based on live account data.

Single Stock

NVDA Concentrated Position

Scenario

Client holds 500 shares of NVIDIA with a $15 cost basis. Primary advisor wants income without triggering capital gains or risking assignment.

Outcome

Tollbooth generated 22% annualized income over 14 months using Preserve Equities mode. Zero assignment events. All calls expired OTM or were rolled for net credit.

22%
Annualized Return
0
Assignment Events
61
Positions Opened
ETF Portfolio

Diversified ETF Overlay

Scenario

RIA with 40 client accounts holding SPY, QQQ, and sector ETFs. Wants to add income across the board without changing allocations.

Outcome

Tollbooth selectively wrote calls when IV was elevated above 21-day average. Generated 8% annualized in a moderate-volatility year — outperforming QYLD by 6.2 percentage points.

8%
Annualized Return
+6.2%
vs. QYLD
40
Accounts Managed
Rolling Strategy

Managing Through Earnings

Scenario

Client held TSLA calls going into a volatile earnings period. IV crush risk and potential assignment both elevated.

Outcome

Tollbooth's earnings protection triggered 14 days pre-announcement. Post-earnings IV crush reduced delta from 18 to 9. Position held through expiration worthless — full premium retained.

18
Delta at Trigger
9
Delta Post-Crush
100%
Premium Retained
Onboarding

RIA Firm with 200+ Accounts

Scenario

A $400M RIA firm with 230 client accounts wanted to offer covered call income across their book without hiring an options specialist.

Outcome

Full onboarding completed in 3 weeks. Sub-advisory agreement signed, all accounts connected via OAuth in a single weekend. Tollbooth was managing live positions by Monday open.

230
Accounts Connected
3 weeks
Onboarding Time
$400M
AUM Covered

Want to see how this works for your firm?

We'll walk you through scenarios specific to your client book, typical portfolio composition, and what kind of income generation is realistic.

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