Question 1

What do you mean by 'operating system' for the wheel?

Accepted Answer

It means every stage of running the wheel lives in one connected system instead of scattered tools: Plan (decide what to do next with Open Risk Radar, Capital Efficiency, and Entry Quality), Scan (find candidates with the Options Scanner and Roll Finder), Track (log trades, assignments, and rolls across every account), and Analyze (see what's actually working with Performance, Trade Insights, and cost-basis reporting).

Question 2

Who is this built for?

Accepted Answer

Retail investors running the options wheel strategy who want to scan for great trades, track their positions, and make clearer decisions.

Question 3

Can I start for free?

Accepted Answer

Yes - no credit card required. Create an account and begin with the free plan. All users start with 14 days of Pro to try it out. Upgrade when your workflow grows. If you do not subscribe to Active or Pro at the end of the trial, your account moves to the Starter tier.

Question 4

Do you have access to my brokerage login or account?

Accepted Answer

No, and we never will. We don't ask for or store brokerage credentials, and we can't see or touch your actual account. You log trades manually (about 30 seconds each), which means your login stays yours and the app works with any broker.

Question 5

Will this connect to my brokerage?

Accepted Answer

Not yet, but it's on the roadmap as an optional, read-only sync — it will never require your brokerage password. In the meantime, manual logging keeps you in full control and works across any broker. Most traders log trades right after placing them, which is faster than updating a spreadsheet.

Question 6

Can I import my existing trades?

Accepted Answer

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.

Question 7

I already have a spreadsheet. Why switch?

Accepted Answer

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 partially and fully rolled positions without breaking a sweat. Most users save 3+ hours per week. Plus you get reporting and analytics to help you make better decisions, Plan tools for risk and entry quality, and Scan (Options Scanner) to find good trade ideas. Your spreadsheet cannot do that.

Question 8

Is my trade data private?

Accepted Answer

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.

Question 9

What if I want to export my data?

Accepted Answer

You own your data. Export to CSV anytime. No lock-in.

Question 10

Can it help me find options trades based on my preferences?

Accepted Answer

Absolutely! Open Scan for the Options Scanner (Pro). Set your own weights across multiple factors (premium yield, delta, liquidity, days to expiration, etc.) The engine produces a weight-ranked list of cash-secured puts (CSPs) and covered calls (CCs). That way you see which trades best fit your style.

Question 11

What's the difference between Starter, Active, and Pro?

Accepted Answer

Starter is free forever and covers the core workflow for one account with up to 5 open trades. Active adds more accounts and trades, plus Assignment, Trade Insights, and Adjusted Cost Basis reports, Capital Efficiency, and Discover. Pro unlocks unlimited accounts and trades, the Options Scanner, Roll Finder, Open Risk Radar, and Entry Quality. See the Pricing page for the full comparison.

Question 12

Does it work on covered calls too, or just cash-secured puts?

Accepted Answer

Both. The wheel strategy cycles between cash-secured puts and covered calls, and every tool in the app, from trade logging to the Options Scanner to Plan and Analyze reports, covers both trade types.

Question 13

How many brokerage accounts can I track?

Accepted Answer

Starter supports 1 account, Active supports up to 3, and Pro supports unlimited accounts, each with its own trades, holdings, and reporting.

Question 14

Can I cancel my subscription anytime?

Accepted Answer

Yes. Cancel anytime and your plan stays active through the end of the current billing cycle. Subscription fees are non-refundable, so there are no partial or prorated refunds for unused time.

Question 15

Do I need to install anything, or does it work on my phone?

Accepted Answer

There's nothing to install. Options Wheel Trader runs in your browser and is fully responsive, so it works on your phone, tablet, or desktop with the same account and data.

Question 16

How is my data kept secure?

Accepted Answer

Data is encrypted in transit (HTTPS/TLS) and sensitive data is encrypted at rest. Row-level security policies keep your data isolated from other users, and we never ask for or store your brokerage login.

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