Comparison

OptionStrat vs Wheel Strategy Tracker

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

OptionStrat

Visualize and analyze options trades with a profit calculator and strategy builder. Discover institutional trades with real-time unusual options flow. Optimize strategies for maximum returns or profit chance.

Highlights
  • Options profit calculator
  • Strategy visualizer
  • Strategy optimizer
  • Unusual options flow tracker
  • Complex strategy detection
  • In-app tutorials
Features
Currently charting
Read full description

OPTIONS PROFIT CALCULATOR: Find and edit option strategies in real-time with our options profit calculator to gain a visual understanding of your trades. OptionStrat's strategy visualizer is used to find the potential profit and loss at various prices, as well as show how your trade is affected by implied volatility, time decay, and other factors. The strategy visualizer makes it easy to scroll through various strikes and expirations to build an options strategy. Nearly any strategy can be created, including strategies with underlying stocks like covered calls, or multiple expirations such as double diagonals. Over 50 strategy templates are available to choose from, each with a handy setup chart and description. STRATEGY OPTIMIZER: Automatically calculate the best strategies given a target price and expiration date. The options optimizer will search through thousands of potential trades to find which strategies maximize returns or chance of profit (or somewhere in between). UNUSUAL OPTIONS FLOW: OptionStrat Flow scans the market to uncover large and unusual trades as they happen, giving you insight into trades by institutions and other smart money. Not only do we show large call or put purchases, but we detect if the transaction showed urgency or aggression from the buyer or seller to show you both sides of the market. We are the first to provide unusual options activity for complex strategy types. OptionStrat Flow detects spreads, condors, and other advanced strategies and categorizes them as bearish, bullish, neutral, or directional. Use the in-app tutorials to learn more about each tool in the OptionStrat toolkit! DISCLAIMER: Options involve a high degree of risk and are not suitable for all investors. OptionStrat is not a registered investment advisor. The calculations, information, and opinions in this app are for educational purposes only and do not constitute investment advice. Calculations are estimates and do not account for all market conditions and events. TERMS OF USE: https://optionstrat.com/terms

About

Wheel Strategy Tracker

Read full description

Wheel Strategy Tracker is the dedicated journal for options traders running the wheel strategy. Stop juggling spreadsheets, and manage every Cash-Secured Put and Covered Call in one place, with the metrics that actually matter. TRACK YOUR FULL CHAIN Every position tells a complete story. WheelTracker links your rolls, closes, and assignments into a single chain, so you always see how much premium you've collected from first open to last close, across every leg. POSITIONS TAB - View your active CSP and CC positions at a glance - Days-to-expiry countdown ring color-codes urgency: green (21+ days), orange (8–21), red (7 or fewer) - Filter by strategy, status, or ticker SHARES TAB - Automatically tracks shares received from CSP assignments - Clears positions when shares are called away by a CC assignment - Adjusted cost basis updates as you collect covered call premium SUMMARY TAB - Portfolio-level metrics: total premium collected, annualized ROI, capital at risk, and more - Realized P&L for closed and called-away positions - Capital locked in active puts vs. shares held POWERFUL WORKFLOWS - Roll a position forward with one tap. Preserves your full chain history - Close early and capture partial premium - Assign shares from a CSP and immediately sell a CC against them - Edit any leg in a chain without breaking chain integrity IMPORT & EXPORT - Export your full trade history as CSV or XLSX for analysis in Excel or Numbers - Import from CSV or XLSX to restore or migrate data - Replace or append modes for flexible data management BUILT FOR PRIVACY - 100% on-device. No accounts, no cloud sync. - Your trade data never leaves your device. Wheel Strategy Tracker is purpose-built for the wheel strategy. If you sell puts for income and manage assignments with covered calls, this is the tool designed around your workflow. Terms of Use (EULA): https://www.apple.com/legal/internet-services/itunes/dev/stdeula/

Screenshots

OptionStrat4 screens

Verdict

The call

The clearest difference is rating: OptionStrat at 4.8 against Wheel Strategy Tracker's 1.0. OptionStrat also leads on ratings volume (1.9K vs 1) and chart position (#121 vs unranked). On price and in-app purchases there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. OptionStrat sells 12 in-app purchases, starting at $19.99 per month and Wheel Strategy Tracker sells 2 in-app purchases, starting at $4.99 per month. Whichever you choose, the download price is not the number that matters.

ReceptionRating · Positive reviews · Number of ratings

OptionStrat holds the better App Store score, 4.8 against 1.0. That said, the two scores are not equally well evidenced: OptionStrat has 1.9K ratings behind it against 1, so its average is the more settled of the two.

Scorecard5 real differences · 6 level
OptionStrat versus Wheel Strategy Tracker: the parameters behind the verdict, then further details
ParameterOptionStratWheel Strategy Tracker
PriceFreeFree
Rating4.8 (1.9K ratings) — better1.0 (1 ratings)
Positive reviews79.8% of reviews—
Number of ratings1.9K — better1
Update frequencyEvery 10 days—
AdsNo—
In-app purchasesYesYes
MonetizationFree with in-app purchases—
Best chart rank#121 — better—
DevicesiPhone, iPad, iPod — better—
Requires iOS14.0 — better26.2
Further details — not scored
Size25 MB3 MB
Age rating4+4+
DeveloperOptionStrat LLCDARREN HON HWEE HO

Bugs and requests

OptionStrat

Reported bugs

4 issues
  • Freezing and Crashing Issues
  • Incorrect Data Calculations
  • Disappearing UI Elements
  • Incompatibility with Certain Device Configurations

Requested features

6 requests
  • Allow Modifying Saved Trades
  • Provide Real-Time Options Quotes
  • Implement International Stock Support
  • Increase Maximum Number of Open Windows
  • Add Time Stamps to Active Ticker List
Show 1 more
  • Implement Spanish Translation

Wheel Strategy Tracker

Not enough reviews yet to summarise bugs or requests.

In-app purchases

12 purchases

OptionStrat

Subscriptions12
  • Live Option Tools7 Days trial$19.991 Month
  • Tools Monthly7 Days trial$29.991 Month
  • Live Option Tools7 Days trial$39.991 Month
Show 9 more
  • Live Options Flow7 Days trial$59.991 Month
  • Live Options Flow7 Days trial$89.991 Month
  • Live Options Flow7 Days trial$99.991 Month
  • Live Option Tools7 Days trial$199.991 Year
  • Live Option Tools$299.991 Year
  • Live Options Tools7 Days trial$419.991 Year
  • Live Options Flow7 Days trial$599.991 Year
  • Live Options Flow7 Days trial$899.991 Year
  • Live Options Flow7 Days trial$999.991 Year
2 purchases

Wheel Strategy Tracker

Subscriptions2
  • WheelTracker Pro$4.991 Month
  • WheelTracker Pro$39.991 Year

Questions

Is OptionStrat free?
OptionStrat is free to download, with in-app purchases available.
Is Wheel Strategy Tracker free?
Wheel Strategy Tracker is free to download, with in-app purchases available.
Which has better reviews, OptionStrat or Wheel Strategy Tracker?
OptionStrat is rated higher. OptionStrat averages 4.8 out of 5 from 1.9K ratings, while Wheel Strategy Tracker averages 1.0 from 1 ratings.

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