What is the wheel strategy?

The wheel strategy is an options income strategy where you sell cash-secured puts on stocks you want to own. If assigned, you sell covered calls on the shares. When called away, you repeat the cycle. This generates income at each step while building a portfolio of quality stocks.

How does the free trial work?

You get 30 days of full access to all Power Trader features - no credit card required. After the trial, you can continue with the free Paper Trader plan (5 active trades) or upgrade to keep full access.

Can I import trades from my broker?

Yes! Active Trader and Power Trader plans include CSV import. You can export your trade history from most brokers and import it directly into Option Tracker.

How do you calculate P&L?

We calculate realized P&L when you close a position. For sold options, profit = premium received - closing cost - fees. We track cost basis through assignments and include all premiums in your total return calculation.

Yes. We use Supabase with row-level security, meaning your data is encrypted and only accessible by you. We never share or sell your trading data.

Can I cancel anytime?

Absolutely. You can cancel your subscription at any time from your account settings. You will retain access until the end of your billing period.

Do you support multi-leg strategies?

Yes! Option Tracker supports multi-leg strategies including vertical spreads, strangles, straddles, and calendar spreads. Group your trades into strategies to see combined P&L, max profit/loss calculations, and track legging in and out of positions.

Built for wheel strategy traders

Track Your Options TradesLike a Pro

The simple, powerful way to manage your wheel strategy. Track puts, assignments, covered calls, and your P&L in one place.

No credit card required • Full access for 30 days

Option Tracker Dashboard showing P&L metrics, win rate, and recent trades

10,000+

Trades tracked

$2M+

In premiums logged

4.9/5

User rating

Get Started in 60 Seconds

Import your trades from any broker with a simple screenshot

Create an Account

Upload a Screenshot

Take a screenshot from your trading platform. Our AI reads and imports your trades automatically.

Import dialog showing screenshot upload with AI parsing

Start Tracking

Your trades are imported and ready. Track P&L, manage positions, and analyze your performance.

Dashboard showing imported trades with P&L tracking

Get Started Free

Free plan includes 5 active trades

Everything You Need to Trade Smarter

Built specifically for options traders running the wheel strategy.

Track Every Trade

Puts, calls, buys, sells - all in one place. Log trades in seconds with ticker autocomplete.

Assignment Workflow

Seamlessly track from put to stock to covered calls. Automatic cost basis calculation.

Roll Positions

Roll options to new strikes and expirations. Track roll chains with accurate cost basis on assignment.

Real-Time P&L

Know your profits at a glance. Track realized and unrealized gains across all positions.

Live Options Pricing

Auto-match contracts to live market data. See break-even, expiration alerts, and current prices.

Greeks Tracking

Monitor Delta, Theta, Vega, Gamma, and IV on every trade. Filter by Greeks and get AI analysis.

AI Trading Assistant

Get answers about your positions and strategies. Portfolio-aware insights for paid users.

Smart Import

Import from CSV, Excel, or screenshots. AI parses your trades automatically.

Trade Journal

Add rich text notes and images to trades. WYSIWYG editor with searchable journal page.

Trash & Recovery

Never lose data by accident. Deleted trades go to trash for easy recovery.

Global Search

Find trades, positions, and notes instantly with the ⌘K command palette.

Multi-leg Strategies

Track spreads and complex positions with AI-powered strategy detection, templates, and alerts.

Cash Committed Tracking

See CSP capital commitments at a glance. Track buying power, utilization, and breakdown by ticker.

Index Options

Trade SPX, SPXW, NDX, VIX, and RUT. Smart expiration filters and automatic symbol mapping.

Multi-Account Management

Organize trades by brokerage or strategy. Filter, compare, and analyze up to 5 accounts.

Coming Soon

Tax-Ready Reports

Realized gains ready for tax time. Short-term vs long-term categorization included.

How It Works

Get started in minutes. Track your first trade today.

Log Your Trade

Enter your put or call details in seconds. Ticker autocomplete makes it fast.

New Option Trade form with ticker search, option type, strike price, and premium fields

Track Assignment

When assigned, we calculate your cost basis automatically. Link covered calls to your position.

Stock Positions page showing MSFT and AMZN positions from option assignments

See Your P&L

Watch your portfolio grow with clear metrics. Realize gains when positions close.

Analytics dashboard showing realized P&L, win rate, and performance metrics

Built for Wheel Strategy Traders

The wheel strategy is one of the most consistent ways to generate income from options. Option Tracker makes it simple to track from start to finish, showing your complete P&L at every step.

Sell Cash-Secured Puts

Collect premium on stocks you want to own at a lower price.

Get Assigned (or Keep Premium)

If assigned, you own shares at a discount. If not, keep the premium.

Sell Covered Calls

Generate more income while holding shares you received.

Get Called Away (or Keep Premium)

Sell shares at profit, then repeat the wheel.

The Wheel

Sell PUT

Assigned

Sell CALL

Called Away

Documentation

Everything you need to master Option Tracker. Step-by-step guides, tutorials, and best practices.

Getting Started

Learn how to create an account and start tracking your options trades with Option Tracker.

3 min read

Dashboard Overview

Understand your trading dashboard and key performance metrics at a glance.

6 min read

Multi-Account Management

Learn how to organize your trades by brokerage account or strategy using multiple accounts in Option Tracker.

4 min read

Importing Trades

Import your existing trades from CSV files, Excel spreadsheets, or screenshots using AI-powered parsing with approval workflow, trade matching, and undo support.

6 min read