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The Wheel Strategy is a conservative options trading approach that combines selling Cash-Secured Puts (CSP) and Covered Calls (CC) to generate consistent income. You sell puts on stocks you're willing to own, and if assigned, sell covered calls on those shares. WheelScanner helps you find the best opportunities for this strategy.

Go to the Scanner tab, select your preferred index (S&P 500, NASDAQ 100, Dow 30, or ETFs), configure filters like DTE range, delta, and minimum APY, then tap Scan. Results are ranked by a composite score that balances safety, yield, and liquidity. You can also scan a single ticker from the Watchlist tab.

Free: scan your watchlist (up to 5 stocks), sell Puts only, up to 2 paper trading positions.

Pro: scan all indices (S&P 500, NASDAQ 100, Dow 30, ETFs), Puts and Calls, full DTE range, unlimited paper trading positions, and AI trade ideas.

iPhone/iPad: Settings → tap your name → Subscriptions → WheelScanner → Cancel Subscription.

Android: Google Play Store → tap your profile icon → Payments & subscriptions → Subscriptions → WheelScanner → Cancel.

Paper Trading is a risk-free simulation. You start with a virtual $100,000 account and can open, close, and roll option positions using real market data. It's a great way to practice the Wheel Strategy before using real money. Your paper trading data is stored locally on your device.

1. Check your internet connection.
2. Make sure the US stock market is open (Mon-Fri, 9:30 AM – 4:00 PM ET) for real-time data.
3. Try force-closing and reopening the app.
4. If the problem persists, contact us at the email below.