Comparison

WheelScanner vs That Old Wheel

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

Head to head
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.

About

That Old Wheel

Features
Read full description

Sell the put. Take the shares. Sell the call. Collect the premium β€” and actually understand every number along the way. That Old Wheel is a tracker built for one strategy: the options wheel. Every ticker becomes a wheel that follows your real trades from cash-secured put, through assignment, through covered calls, to called away β€” with the math spelled out in plain English at every step. BEFORE YOU TRADE β€’ Pre-trade checkup: type a candidate trade, instantly see premium in your pocket, cash secured, breakeven, max risk, and annualized return β€’ Cushion to your strike, so you know how much room the stock has β€’ A cash guardrail that warns before a put over-commits your account WHILE THE WHEEL TURNS β€’ Snap a photo of your broker's order screen and the trade autofills β€’ One-tap rolls that keep the whole chain in a single timeline β€’ Assignment converts the wheel automatically and tracks your true adjusted cost basis β€” premiums included β€’ Reminders on expiration morning, and a decision-day board for everything expiring this week KNOW WHAT YOU'VE MADE β€’ Cash collected vs. locked-in profit β€” honestly separated β€’ Weekly premium chart, per-ticker report card, win rate β€’ A by-year summary for tax season, and CSV export for your accountant PRIVATE BY DESIGN Your trades never leave your device. No account, no cloud, no market-data feeds, no tracking β€” the app makes zero network connections. That Old Wheel is a tracking and educational tool, not investment advice.

Screenshots

WheelScanner4 screens
That Old Wheel4 screens

Verdict

The call

The clearest difference is in-app purchases: That Old Wheel at none against WheelScanner's 2. That Old Wheel also leads on iOS requirement (17.0 vs 26.0). On price, ads and device support there is nothing between them.

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. WheelScanner sells 2 in-app purchases, starting at $14.99 per month. That Old Wheel asks for nothing beyond the download.

Scorecard2 real differences Β· 3 level
WheelScanner versus That Old Wheel: the parameters behind the verdict, then further details
ParameterWheelScannerThat Old Wheel
PriceFreeFree
AdsNoNo
In-app purchasesYesNo β€” better
DevicesiPhoneiPhone, iPad β€” better
Requires iOS26.017.0 β€” better
Further details β€” not scored
Size25 MB2 MB
Age rating4+4+
DeveloperDauren AmreyevWilliam Lawrence

In-app purchases

2 purchases

WheelScanner

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

That Old Wheel

No in-app purchases

Questions

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

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