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.