Comparison

Wheel Strategy Tracker vs WheelScanner

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

Head to head
About

Wheel Strategy Tracker

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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/

About

WheelScanner

Features
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WheelScanner finds the best options for the Wheel Strategy β€” Cash Secured Puts and Covered Calls β€” so you don't have to spend hours screening manually. β–Έ RISK SCORING & AI ANALYSIS Every ticker gets a risk score based on deep data analysis β€” earnings proximity, volatility rank, option liquidity, and safety ratios β€” helping you avoid dangerous trades. β–Έ PAPER TRADING Practice the Wheel before risking real money. Open positions, track P&L, and build confidence with zero risk. β–Έ WATCHLIST & PRICE ALERTS Track your favorite tickers. Set price alerts and get notified when a stock hits your target entry. β–Έ TOP ETFs & MAG 7 Quickly scan popular ETF indexes (SPY, QQQ, IWM, DIA) and Magnificent 7 stocks with one tap. β–Έ BUILT FOR THETA TRADERS WheelScanner is purpose-built for income-focused options traders running the Wheel. No clutter, no noise β€” just the data that matters. SUBSCRIPTION OPTIONS β€’ Pro Monthly β€” $14.99/month (3-day free trial) β€’ Pro Annual β€” $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

WheelScanner4 screens

Verdict

The call

Wheel Strategy Tracker and WheelScanner are too close to call on the numbers: across 3 compared parameters β€” price, in-app purchases and iOS requirement among them β€” neither pulls far enough ahead to decide it. What separates them is feature set and interface, not measurable difference.

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

CostPrice Β· In-app purchases Β· Ads Β· Monetization

Both are free to download. Wheel Strategy Tracker sells 2 in-app purchases, starting at $4.99 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.

ScorecardNo meaningful differences
Wheel Strategy Tracker versus WheelScanner: the parameters behind the verdict, then further details
ParameterWheel Strategy TrackerWheelScanner
PriceFreeFree
Adsβ€”No
In-app purchasesYesYes
Devicesβ€”iPhone β€” better
Requires iOS26.226.0 β€” better
Further details β€” not scored
Size3 MB25 MB
Age rating4+4+
DeveloperDARREN HON HWEE HODauren Amreyev

In-app purchases

2 purchases

Wheel Strategy Tracker

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

WheelScanner

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

Questions

Is Wheel Strategy Tracker free?
Wheel Strategy Tracker is free to download, with in-app purchases available.
Is WheelScanner free?
WheelScanner is free to download, with in-app purchases available.

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