The Wheel Screener Questions

Showing 1 - 8 of 8 questions

Q: Keeping records.

Does this keep track of P/L on wheels.

KMFaircraftsPLUSSep 27, 2025
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Chris_TheWheelScreener

Chris_TheWheelScreener

Sep 29, 2025

A: Unfortunately, we don't have any sort of tracking feature for wheel trades!

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Q: Dataset: Premium, 53997 contracts, updated 7/31/2025

Hello, today we're August 4th. Is it normal that it's still written 7/31/2025? Also, it seems like the data is unable to load.

113487641323144633595PLUSAug 4, 2025
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Chris_TheWheelScreener

Chris_TheWheelScreener

Aug 5, 2025

A: This is a requirement from OPRA on our side since we don't have a redistribution license, so we can only show T+1 data at the earliest. That means you'll see the August 1 dataset just after the market opens today (August 2nd) - as soon as we get our broker integrations working (choose from TradeStation, Tradier, or Schwab) we will have real-time data available in the dashboard (and then...

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Q: This is just one strategy can you add or plan to add more strategy as this very limiting no variety. thanks

104700810985081754870Jul 30, 2025
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Chris_TheWheelScreener

Chris_TheWheelScreener

Jul 30, 2025

A: We are working on a full "options screener" product; the problem is when we add in long call / long put, verticles, strangles, straddles, iron condors, etc. etc. the number of possible strategies rapidly grows into the millions, and then the dashboard becomes too noisy to be useful. We're trying to figure out a way to provide the top valuable strategies without making the selection so massive.

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Q: Credit Spreads Options Trading Strategy

Can this be used for credit spreads options trading for new traders that don't have a lot of disposable income? How can a new trader that doesn't have much money use the wheel options trading strategy?

saasaddictPLUSEdited Jul 13, 2025
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Chris_TheWheelScreener

Chris_TheWheelScreener

Edited Jul 14, 2025

A: The Wheel Screener will remain focused on cash secured puts and covered calls. We are currently working on a separate Options Screener product which will have more complex strategies, but that's quite a ways off.

It's true that for the wheel strategy, stocks with higher share prices have a higher margin requirement - it will be at least 100 times the strike price of the option, since to kick...

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Q: This deal is only for the wheel, not leap and etc,.?

I see other products from the website. They are not included in the deal right?

insighterJul 7, 2025
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Founder Team
Chris_TheWheelScreener

Chris_TheWheelScreener

Jul 9, 2025

A: Correct, this offer is for The Wheel Screener only.

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