Your Spreadsheet Is a Part-Time Job
- Manual entry for every trade
- Copy-paste stock prices from Yahoo Finance
- Recalculate formulas when you roll
- One mistake ruins your P&L tracking
Purpose-Built for Retail Wheel Traders
Stop Wrestling Spreadsheets. Start Running the Wheel Like a Pro.
Track every put, assignment, covered call, and roll in one place. See your real P&L—including cost basis shifts—without the formulas, errors, or 3-hour admin sessions.
If You're Running the Wheel, You Know These Pain Points
Assignment Day = Spreadsheet Nightmare
- Update holdings tab
- Recalculate cost basis (strike minus premium, minus fees, divided by shares...)
- Mark the put closed, start tracking the covered call
- Hope you didn't fat-finger something
You Can't Answer Simple Questions Fast
- "How much cash do I need for all my open puts?"
- "What's my win rate on XYZ?"
- "Should I roll this or take assignment?"
- Each answer requires 10 minutes of spreadsheet archaeology
Multi-Account = Multi-Spreadsheet Hell
- One spreadsheet per brokerage
- No consolidated view
- Can't see portfolio-level metrics
- Forget about tracking performance across accounts
Everything You Need to Run the Wheel, Nothing You Don't
Get a high-level command center for your options process, from first premium collected to final exit.
Log Trades in 30 Seconds, Not 5 Minutes
Ticker, strike, premium, contracts, expiry—done. Auto-calculates breakeven, annualized return, DTE. One consistent form for CSPs, CCs, and exits. Stop context-switching between spreadsheet tabs.
Assignments That Update Holdings Automatically
Mark a put assigned → shares added at correct cost basis. Mark a call assigned → shares removed, P&L calculated. No manual copy-paste between tabs. The scariest day of the wheel becomes the easiest.
See Your Real P&L, Not Your Guessed P&L
Premium collected minus current option value = real open P&L. Cost basis shifts tracked through assignments. Closed P&L separated from assignment P&L. Know exactly where you stand, always.
Roll Positions With Full Context
Link rolled trades to see your roll history. Compare strikes, expirations, and outcomes. Evaluate if rolling was the right call. Make better roll decisions with data, not gut feel.
Multi-Account Dashboard That Actually Makes Sense
See all positions across brokers in one view. Filter by account, ticker, moneyness, status. Per-account P&L and cash reserves. Run the wheel across TastyTrade, IBKR, and Schwab without losing your mind.
Performance Reports That Show What's Working
Win rate by ticker, by account, by time period. P&L trends with charts. Identify your best (and worst) trade setups. Stop repeating losers, double down on winners.
Discover What Other Wheel Traders Are Trading
See most-traded tickers across all users. Find small-account ideas (stocks under $20). Get inspiration without leaving the app. Never run out of trade ideas.
Built Around How You Actually Trade the Wheel
Step 1
Sell Cash-Secured Puts
Choose stocks you want to own and collect premium while waiting for your entry.
Step 2
Get Assigned or Keep Premium
If assigned, move into shares with clear basis tracking. If not, repeat and collect income.
Step 3
Sell Covered Calls
Generate additional premium while holding shares and define your intended exit zone.
Step 4
Close, Get Called Away, and Repeat
Capture outcomes, review performance, and continue the cycle with better data every round.
Retail Traders Are Ditching Spreadsheets
I was spending 3+ hours every weekend updating my spreadsheet. Now I log trades as I make them and my P&L is always current. I've gotten 15+ hours back per month.
The assignment tracking is a game-changer. I used to dread put assignments because it meant 30 minutes of spreadsheet cleanup. Now it's one click.
I finally know my true cost basis and real returns. My spreadsheet was lying to me because I wasn't accounting for rolled positions correctly.
Spreadsheet vs Options Wheel Trader
| Task | Spreadsheet | Options Wheel Trader |
|---|---|---|
| Log a CSP | 3–5 min (find row, enter data, copy stock price) | 30 seconds |
| Handle assignment | 20–30 min (update holdings, cost basis math, mark closed) | 1 click |
| See open P&L | 5 min (refresh prices, check formulas) | Real-time |
| Roll a position | 10 min (close old, log new, link them somehow?) | 2 minutes |
| Get cash reserves for puts | 5 min (sum up contracts × strikes × 100) | Always visible |
| Multi-account view | Multiple spreadsheets | One dashboard |
Compare Plans
Choose the tier that fits your workflow. All plans include core trade management and CSV holdings import.
| Feature | Starter (Free) | Active ($19.99/mo) | Pro ($49.99/mo) |
|---|---|---|---|
| Core trade management (open, edit, close, expiry, assignment, roll) | |||
| Brokerage accounts | 1 | Up to 3 | Unlimited |
| Open trades per account | 10 | 20 | Unlimited |
| Holdings portfolio (CSV import) | Unlimited | Unlimited | Unlimited |
| Performance report | Simple | Advanced | Advanced + AI |
| Quotes | Delayed | Delayed | Real‑time (optional) |
| Discovery tools | |||
| Roll chain tracking | Basic | Full | Full + analytics |
| Reporting & analytics | Basic | Expanded | Advanced |
| Priority support | |||
| New features included | |||
| Save $40 with an annual subscription | |||
| Save $100 with an annual subscription |
Start Free. Upgrade When You're Convinced.
Start free with no credit card. Track your first 10 trades. If you're saving time and making better decisions, upgrade. If not, keep using it free.
Starter
$0 forever
Perfect for trying the wheel or tracking a few positions.
- Core trade management
- 1 brokerage account, 10 open trades per account
- Holdings (CSV import), simple performance report
- Delayed quotes, basic roll chain & analytics
Active
Most Popular$19.99 per month
For serious wheel traders with multiple positions.
- Everything in Starter
- Up to 3 accounts, 20 open trades per account
- Advanced performance report, discovery tools
- Full roll chain, expanded reporting
Pro
$49.99 per month
For power users and full-time wheel traders.
- Everything in Active
- Unlimited accounts & open trades
- Advanced + AI performance, real‑time quotes (optional)
- Full roll analytics, priority support
- New features included
Start Today For Free
No credit card required at sign up.
Frequently asked questions
Who is this built for?
Retail investors running the options wheel strategy who want cleaner tracking and clearer decisions.
I already have a spreadsheet. Why switch?
Your spreadsheet works until it doesn't. One formula error, one fat-finger, one complex roll sequence, and you're spending hours troubleshooting. This app eliminates manual calculations, auto-updates holdings on assignment, and tracks rolled positions without breaking a sweat. Most users save 3+ hours per week.
Can I start for free?
Yes. Create an account and begin with the free plan, then upgrade only when your workflow grows.
Will this connect to my brokerage?
Not yet, but it's on the roadmap. Right now, you manually log trades (30 seconds each), which gives you full control and works across any broker. Most traders log trades right after placing them—faster than updating a spreadsheet.
Can I import my existing trades?
Yes! You can CSV import your holdings. For trade history, you can manually enter past trades or start fresh and track going forward. Most users start fresh because historical accuracy matters less than having clean data from now on.
What if I want to export my data?
You own your data. Export to CSV anytime. No lock-in.
Is my trade data private?
Absolutely. Your trades are yours. We show aggregated, anonymized data in the Discover section (e.g., "most traded tickers"), but no one can see your individual trades or positions.
Do I still have access to Log In if I already have an account?
Absolutely. Log In is always available from the top navigation and call-to-action sections.
Stop Fighting Your Spreadsheet. Start Trading Smarter.
Join 500+ wheel traders who've taken back their weekends and improved their process. Start free, no credit card required. Track your first trade in under 5 minutes.
New to Options Wheel Trader?
- No credit card needed
- Free tier forever
- Full setup in 5 minutes
Already have an account?
- Jump back into your dashboard
- Review your open positions
- Log today's trades
- No credit card for free tier
- Export your data anytime
- Bank-level encryption
- Cancel subscription anytime