Comparison

Option Lens vs WheelScanner

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

Head to head
About

Option Lens

This platform provides institutional-grade options trading research, identifying high-probability opportunities with real-time volatility rankings and intelligent strategy scoring. It automates the analysis of options chains for stocks, helping traders make data-driven decisions faster.

Highlights
  • Real-time IV Rank Analysis
  • Intelligent Strategy Identification
  • Options Chain Filtering
  • Cross-Platform Access
  • Cloud Synchronization
  • Premium Features Upgrade
Features
Read full description

Option Lens is a powerful options trading research platform that helps traders identify high-probability opportunities using institutional-grade analysis. Get real-time implied volatility rankings, comprehensive Greeks calculations, and intelligent strategy scoring to make data-driven trading decisions. FIND BETTER OPTIONS TRADES FASTER Stop wasting hours analyzing options chains manually. Option Lens automatically scans major stocks (AAPL, TSLA, AMZN, UBER, and more) to surface the most attractive call spreads, put spreads, and strangles based on quantitative scoring algorithms. CORE FEATURES FOR OPTIONS TRADERS Real-Time IV Rank Analysis Track implied volatility percentiles. Know exactly when options are expensive (great for selling premium). IV rank data updates every 10 minutes. Intelligent Strategy Identification Automatically identifies call spreads and put spreads from raw options chains. Focus on single-leg strategies for clearer risk management and simpler position sizing. Options Chain Filtering Focus on tradeable options with intelligent filtering that excludes in-the-money contracts and far out-of-the-money strikes with absolute delta less than 1%. Only see liquid, meaningful opportunities. DESIGNED FOR SERIOUS TRADERS Option Lens is built by quantitative traders for quantitative traders. Our scoring algorithms are based on mathematical optimization and historical performance analysis, not hunches or emotions. The platform serves as a foundation for systematic options trading research with extensible architecture for additional symbols and strategies. Cross-Platform Access Available on iOS. Access your favorited positions and analysis from any device with cloud synchronization via Firebase. Premium Features Upgrade to Premium for unlimited favorites (free: 1 max), access to all scored opportunities (free: first 2 visible), full learning library, and advanced analytics. Subscribe monthly or yearly with seamless cross-platform subscription management. DATA-DRIVEN DECISION MAKING Option Lens provides raw quantitative data and analysis to support informed trading decisions. The platform emphasizes risk management, probability assessment, and systematic strategy evaluation. Use professional-grade tools to research options trades with the same rigor as institutional desks. REAL-TIME MARKET DATA Options data updated every 10 minutes from with full Greeks calculations using Black-Scholes models and market-based implied volatility. Historical volatility calculated from 30-day price data for accurate IV rank percentiles. GETTING STARTED 1. Download Option Lens and create your free account 2. Browse scored opportunities sorted by quantitative ranking 3. Review IV rank, Greeks, and liquidity metrics for each strategy 4. Favorite positions to track exit signals in real-time 5. Upgrade to Premium for unlimited favorites and full access RISK DISCLOSURE Options trading involves substantial risk and is not suitable for all investors. Option Lens is a research and analysis tool only - it does not provide investment advice, trade recommendations, or guarantees of profit. Past performance does not guarantee future results. Users are responsible for their own trading decisions and should consult with licensed financial advisors before trading options. SUBSCRIPTION TERMS Premium subscriptions are managed through your Apple ID. Subscriptions automatically renew unless canceled at least 24 hours before the end of the current period. Your account will be charged for renewal within 24 hours prior to the end of the current period. To manage or cancel your subscription, go to your device Settings > [Your Name] > Subscriptions. Privacy Policy: https://app.leadifyai.ca/OptionLens/privacy-policy Terms of Use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/ Download Option Lens today and start making smarter, data-driven options trading decisions.

About

WheelScanner

Features
Read full description

WheelScanner finds the best options for the Wheel Strategy — Cash Secured Puts and Covered Calls — so you don't have to spend hours screening manually. ▸ RISK SCORING & AI ANALYSIS Every ticker gets a risk score based on deep data analysis — earnings proximity, volatility rank, option liquidity, and safety ratios — helping you avoid dangerous trades. ▸ PAPER TRADING Practice the Wheel before risking real money. Open positions, track P&L, and build confidence with zero risk. ▸ WATCHLIST & PRICE ALERTS Track your favorite tickers. Set price alerts and get notified when a stock hits your target entry. ▸ TOP ETFs & MAG 7 Quickly scan popular ETF indexes (SPY, QQQ, IWM, DIA) and Magnificent 7 stocks with one tap. ▸ BUILT FOR THETA TRADERS WheelScanner is purpose-built for income-focused options traders running the Wheel. No clutter, no noise — just the data that matters. SUBSCRIPTION OPTIONS • Pro Monthly — $14.99/month (3-day free trial) • Pro Annual — $124.99/year (save 30%) Free version includes market scans (top 5 results), watchlist (5 tickers), and paper trading (2 positions). Pro unlocks AI analysis, Sell CALL strategy, price alerts, and unlimited access. Payment is charged to your Apple ID account at confirmation of purchase. Subscription automatically renews unless canceled at least 24 hours before the end of the current period. Your account will be charged for renewal within 24 hours prior to the end of the current period. You can manage and cancel your subscriptions in your Account Settings on the App Store after purchase. Terms of Use: https://api.wheelscanner.app/terms Privacy Policy: https://api.wheelscanner.app/privacy DISCLAIMER: WheelScanner provides financial data and tools for informational purposes only. It is not financial advice. Options trading involves significant risk and is not suitable for all investors. Past performance does not guarantee future results.

Screenshots

Option Lens4 screens
WheelScanner4 screens

Verdict

The call

The clearest difference is device support: Option Lens at 3 against WheelScanner's 1. Option Lens also leads on iOS requirement (14.0 vs 26.0). On price, ads 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. Option Lens sells 2 in-app purchases, starting at $9.99 per month and WheelScanner sells 2 in-app purchases, starting at $14.99 per month. Whichever you choose, the download price is not the number that matters.

Scorecard2 real differences · 7 level
Option Lens versus WheelScanner: the parameters behind the verdict, then further details
ParameterOption LensWheelScanner
PriceFreeFree
Rating5.0 (1 ratings) — better—
Number of ratings1 — better—
Update frequencyEvery 6 weeks—
AdsNoNo
In-app purchasesYesYes
MonetizationFreemium—
DevicesiPhone, iPad, iPod — betteriPhone
Requires iOS14.0 — better26.0
Further details — not scored
Size22 MB25 MB
Age rating4+4+
DeveloperLeadifyAI Inc.Dauren Amreyev

In-app purchases

2 purchases

Option Lens

Subscriptions2
  • Monthly Premium$9.991 Month
  • Yearly Premium$99.991 Year
2 purchases

WheelScanner

Subscriptions2
  • Pro Monthly7 Days trial$14.991 Month
  • Pro Annual7 Days trial$124.991 Year

Questions

Is Option Lens free?
Option Lens is free to download, with in-app purchases available.
Is WheelScanner free?
WheelScanner is free to download, with in-app purchases available.
Do Option Lens or WheelScanner have ads?
Neither Option Lens nor WheelScanner shows ads.

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