Spoke vs That Old Wheel
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
Spoke
Track options trades like cash-secured puts and covered calls with detailed P&L analysis. Utilize AI for trade reviews and insights. Data stays on your device for enhanced privacy.
- Track cash-secured puts and covered calls
- Monitor premium accumulation on calendar
- AI trade review and position analysis
- Share lot tracking with cost-basis math
- Realized P&L calendar
- Manual entry or CSV import
- Data stays on device
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Spoke is a wheel strategy tracker for options traders. Log every cash-secured put, assignment, covered call, and called-away exit, and Spoke links them into one continuous cycle with the share lot in the middle, so you always know your real cost basis, your breakeven, and how much premium each cycle has actually paid you. Nothing to configure and no broker login. Your positions stay on your device. TRACK THE WHEEL FOR FREE • Up to 5 open wheel positions (cash-secured puts and covered calls) • Share lots with automatic cost-basis math, including premium collected • Realized P&L calendar that shows which days actually paid you • Position detail with breakeven, max gain, max loss, and cycle totals • Options chain browser with DTE, delta, and premium at a glance • Rolls, assignments, and expirations update the cycle automatically • Full backup and restore • 3 AI Trade Reviews per month SPOKE PRO Pro removes the position cap and adds the analytical layer: • Unlimited positions, plus naked shorts, long calls, and long puts • AI Trade Review: enter a proposed strike, DTE, and credit and get Greek exposure (delta, theta, vega, gamma), effective breakeven including fees and cost basis, a stress-tested P&L heatmap across price and time, a Find Best Fit scan of nearby strikes and expiries, and a written analysis • 50 AI Trade Reviews per month on the advanced model, and then unlimited on the standard model • Wheelhouse Brief: a daily read on every open position, with a Detailed Mode covering capture velocity, concentration, risk hotspots, and roll candidates • Brokerage CSV import with AI column mapping, saved as presets for one-tap re-import • Full Charts tab with Profit Factor, Capital Concentration, and four deep performance visualizations • 15-minute-delayed quotes on positions and chains • Greeks and IV surfaced across the app • Smart and custom alerts (Greek thresholds, price triggers, custom rules) • Priority support and early access to new features BUILT AROUND THE WHEEL Spoke treats the four legs of the strategy (cash-secured put, assignment, covered call, called away) as one cycle rather than four disconnected trades. Realized P&L is attributed to the close date, matching how brokerages report it. PRIVACY Your positions, share lots, and settings stay on your device. Market data is fetched from Polygon.io. AI Trade Reviews send only the fields required to run the analysis (ticker, strike, expiry, quantity, credit) to OpenAI on your behalf. No account numbers, no personal information. SUBSCRIPTION Spoke Pro is available as: • Monthly: $9.99 per month • Yearly: $79 per year • 7-day free trial Payment is charged to your Apple ID at confirmation of purchase. Your subscription renews automatically unless auto-renew is turned off at least 24 hours before the end of the current period. You can manage or cancel any time in your Apple ID account settings. Terms of Use (EULA): https://www.spokeoptions.com/terms Privacy Policy: https://www.spokeoptions.com/privacy IMPORTANT Spoke is a tracker and analysis tool. It does not place trades, provide investment advice, or execute orders. Options trading involves substantial risk and is not suitable for every investor. Market data may be delayed. Consult a licensed financial advisor before making trading decisions. We'd love your feedback. Tell us what's missing at contact@sixdot.ai.
That Old Wheel
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Sell the put. Take the shares. Sell the call. Collect the premium — 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 — with the math spelled out in plain English at every step. BEFORE YOU TRADE • Pre-trade checkup: type a candidate trade, instantly see premium in your pocket, cash secured, breakeven, max risk, and annualized return • Cushion to your strike, so you know how much room the stock has • A cash guardrail that warns before a put over-commits your account WHILE THE WHEEL TURNS • Snap a photo of your broker's order screen and the trade autofills • One-tap rolls that keep the whole chain in a single timeline • Assignment converts the wheel automatically and tracks your true adjusted cost basis — premiums included • Reminders on expiration morning, and a decision-day board for everything expiring this week KNOW WHAT YOU'VE MADE • Cash collected vs. locked-in profit — honestly separated • Weekly premium chart, per-ticker report card, win rate • 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 — the app makes zero network connections. That Old Wheel is a tracking and educational tool, not investment advice.
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Verdict
The clearest difference is in-app purchases: That Old Wheel at none against Spoke's 2. That Old Wheel also leads on iOS requirement (17.0 vs 26.1). 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
Both are free to download. Spoke sells 2 in-app purchases, starting at $9.99 per month. That Old Wheel asks for nothing beyond the download.
| Parameter | Spoke | That Old Wheel |
|---|---|---|
| Price | Free | Free |
| Rating | 4.5 (2 ratings) — better | — |
| Number of ratings | 2 — better | — |
| Update frequency | Every 4 days | — |
| Ads | No | No |
| In-app purchases | Yes | No — better |
| Monetization | Freemium | — |
| Devices | iPhone, iPad | iPhone, iPad |
| Requires iOS | 26.1 | 17.0 — better |
| Further details — not scored | ||
| Size | 31 MB | 2 MB |
| Age rating | 4+ | 4+ |
| Developer | Sixdot, LLC | William Lawrence |
In-app purchases
Spoke
- Spoke Pro Monthly1 Month trial$9.991 Month
- Spoke Pro Yearly1 Month trial$79.001 Year
That Old Wheel
No in-app purchases





