Question 1

What is the wheel strategy?

Accepted Answer

The wheel is an options income strategy that cycles between selling cash-secured puts (CSPs) and covered calls (CCs) on stocks you'd be happy to own. You collect premium on every leg — whether the stock goes up, down, or sideways.

Question 2

How many stocks does OptyTrades analyze?

Accepted Answer

We scan 8,000+ US stocks from all 16 exchanges via the SIP consolidated feed — covering the full market. After filtering for options availability, price, volume, and market cap, typically 1,000-1,200 stocks qualify.

Question 3

What makes your entry signals different?

Accepted Answer

Most screeners use 2-3 indicators. Our signals combine 7 dimensions: RSI, SMA position, Bollinger Bands, drawdown, volume confirmation, swing-point trend regime analysis, and support/resistance proximity. We also factor in the broader market health.

Question 4

Do I need a large account to use the wheel?

Accepted Answer

No. We show capital required for every recommendation, and you can filter by share price. Many stocks in the $10-$25 range only require $1,000-$2,500 per contract — making the wheel accessible for accounts of all sizes.

Question 5

What's included in the free tier?

Accepted Answer

The full screener table with Wheel Scores, sorting, filtering, and basic stock detail views. No time limit, no credit card required. Pro unlocks entry signals, strike recommendations, Options Grades, trend/S/R analysis, the Trade Journal, and watchlists.

Feature	Free	Pro
Screener with Wheel Score
Stock detail views	Top 10 stocks	Unlimited
Price charts & technicals
Options chain data
Options calculator
DCF, Bankruptcy, Piotroski, Analyst cards
News, Trend, Insider, and all analysis cards
Safety Badge (Fortress to Danger)	Locked
Drawer customization, reordering & presets	—
CSP & CC entry signals	Locked
3-tier strike recommendations	Locked
Tier 2 Grade (Options Grade)	Locked
Watchlists	—
Trade Journal	—
Ticker analysis page	—

14Free vs. Pro

15Frequently asked questions