Comparison

WheelScanner vs OptionsKing

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

Head to head
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.

About

OptionsKing

This app helps you analyze and practice options trading strategies like covered calls and cash-secured puts. It provides a scoring system for trades, a built-in glossary, and paper trading functionality to learn before risking real money.

Highlights
  • Scans for premium-selling trades
  • Built-in glossary for trading terms
  • Shows trade math and probabilities
  • Paper trading with virtual balance
  • Logs and tracks actual collected income
  • Collateral checks for trade validity
  • App lock for privacy
Features
Read full description

Learn options trading, then practice with virtual money. OptionsKing combines short lessons, quizzes and an options paper trading simulator with a screener for covered calls, cash-secured puts, the wheel and defined-risk spreads. LEARN OPTIONS STEP BY STEP Start with your first options contract and work through 107 lessons in 11 series. Study calls and puts, strike prices, expiration, assignment, premium, collateral and the Greeks. Worked examples explain the arithmetic. Each lesson ends with five questions, and missed questions return for review. Follow a learning path, continue where you left off and track completed lessons in Progress. Bundled lessons remain readable without an internet connection. PAPER TRADE WHAT YOU LEARN Practice with virtual cash. Explore a strategy, record what you expect to happen and follow the paper position through its outcome. Review the result and use the replay to explore a different stock price. Lesson practice missions connect the explanation to a paper trade. Paper trading is simulated practice. No real money is deposited or traded. Simulated outcomes do not predict live fills or investment results. SCREEN OPTIONS STRATEGIES Build a watchlist and compare covered calls, cash-secured puts and defined-risk spreads, including vertical spreads, iron condors and iron butterflies. Learn how puts and covered calls fit together in the wheel strategy. Each candidate carries a deterministic confidence score from 0 to 100. The list runs highest score first. Filter by return on capital and other criteria while keeping that order. Each ticker shows its best candidate per strategy. Inspect premium, collateral, break-even, estimated assignment probability and maximum loss where applicable. Tap unfamiliar terms for an explanation. A confirmed earnings date inside the expiry window excludes a candidate. There is no minimum score: the first idea can still be weak. A confidence score is not a probability of profit or a promise that a trade will succeed. FOLLOW YOUR PRACTICE Progress brings together lessons completed, reviews due and paper trades practiced. Sign in to sync your saved progress and settings across devices. An optional weekday notification brings a screening idea at 9am Pacific. AVAILABLE ON IPHONE AND IPAD OptionsKing is free to use. The current trading mode is Paper. It does not connect to a brokerage account or place, modify or cancel real orders. Market quotes require an internet connection and are delayed by roughly 15 minutes. OptionsKing is an educational and informational tool, not a financial adviser or broker. Options trading carries substantial risk of loss, including assignment and losses larger than the premium received. It is not suitable for every investor. Confirm prices and contract terms with your broker before making a real trade. Explore the app and walkthrough: https://optionsking.app/how-it-works.html Learn about paper practice: https://optionsking.app/options-paper-trading.html

Screenshots

WheelScanner4 screens
OptionsKing4 screens

Verdict

The call

The clearest difference is in-app purchases: OptionsKing at none against WheelScanner's 2. OptionsKing also leads on iOS requirement (16.0 vs 26.0). On price, ads and device support 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. WheelScanner sells 2 in-app purchases, starting at $14.99 per month. OptionsKing asks for nothing beyond the download.

Scorecard2 real differences · 8 level
WheelScanner versus OptionsKing: the parameters behind the verdict, then further details
ParameterWheelScannerOptionsKing
PriceFreeFree
Rating—5.0 (2 ratings) — better
Positive reviews—100.0% of reviews
Number of ratings—2 — better
Update frequency—Every 2 days
AdsNoNo
In-app purchasesYesNo — better
Monetization—Free
DevicesiPhoneiPhone, iPad — better
Requires iOS26.016.0 — better
Further details — not scored
Size25 MB4 MB
Age rating4+12+
DeveloperDauren AmreyevUtkarsh Jagtap

In-app purchases

2 purchases

WheelScanner

Subscriptions2
  • Pro Monthly7 Days trial$14.991 Month
  • Pro Annual7 Days trial$124.991 Year
None

OptionsKing

No in-app purchases

Questions

Is WheelScanner free?
WheelScanner is free to download, with in-app purchases available.
Is OptionsKing free?
OptionsKing is free to download, with no in-app purchases.
Do WheelScanner or OptionsKing have ads?
Neither WheelScanner nor OptionsKing shows ads.

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