Question 1

What is the wheel strategy?

Accepted Answer

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.

Question 2

How does the free trial work?

Accepted Answer

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.

Question 3

Can I import trades from my broker?

Accepted Answer

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.

Question 4

How do you calculate P&L?

Accepted Answer

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.

Question 5

Is my data secure?

Accepted Answer

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.

Question 6

Can I cancel anytime?

Accepted Answer

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

Question 7

Do you support multi-leg strategies?

Accepted Answer

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.

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Frequently Asked Questions