Comparison
Best Wheel Strategy Screener: Option Wheel Logic vs. Wheel Screener, Option Samurai & Thetagang
Before picking a wheel strategy screener, it helps to know what the job actually requires. A screener built for the wheel — selling cash-secured puts, taking assignment, and rolling into covered calls — needs to do more than list options chains. It needs live IV rank so you're selling into elevated volatility, an automatically suggested strike near your target delta at 30–45 days to expiration, a clear earnings-date warning so you don't sell into a binary event, and some way to follow a position through its full lifecycle instead of losing track the moment you get assigned.
With that checklist in mind, this page compares Option Wheel Logic against three tools wheel traders commonly consider: Wheel Screener, Option Samurai, and Thetagang. Every claim about a competitor below is sourced directly from that company's own website as of July 2026 — where we couldn't verify something on their site, we marked it "not listed" rather than guess. Pricing and features change quickly in this space, so treat the numbers here as a starting point and confirm current details on each vendor's own pricing page before you subscribe.
Feature & Pricing Comparison
| Criteria | Option Wheel Logic | Wheel Screener | Option Samurai | Thetagang |
|---|---|---|---|---|
| Live IV rank / IV percentile | Yes — 52-week history, all curated tickers | Yes — IV Rank & IV Percentile filters | Yes — IV rank + IV vs. realized volatility | Not listed — trade log, not a screener |
| Suggested CSP / CC strike | Yes — auto strike, delta, premium, PoP, annualized return | Contract ranking + delta/DTE filters, plus a wheel calculator | "Wheel Candidates" predefined scan + custom multi-leg screener | No — you log strikes you already traded |
| Options data refresh | Quotes every 60s, options chain every 5 min | Not listed on their site | Not listed on their site | Not applicable |
| Full wheel-cycle trade tracking | Yes — CSP → assignment → CC, cost basis carried forward | Not listed — dashboard + calculator, no cycle tracker found | Trade log for tracking/paper backtesting; not wheel-cycle specific | Yes — logs CSP/CC/assignments, per-trader profile stats |
| Brokerage connection | Yes — read-only sync via SnapTrade, 12+ brokerages | Not listed | One-way trade relay to a broker (send order, not portfolio sync) | Not listed — manual trade entry |
| AI trade analysis | Yes — portfolio-aware AI copilot (Free 20 / Pro 150 / Elite 300 queries per month) | Not listed | Not listed | Not listed |
| Backtesting / simulator | Yes — wheel simulator, 7-year history on Elite | Not listed — a forward-looking strike calculator only | Trade log lets you paper-track ideas without capital | No |
| Starting price (as of July 2026) | Pro $24/mo, Elite $39/mo — 30-day Elite trial, no card required | Starter $4.99/mo (S&P 500), Premium $9.99/mo (full market + CSV export) | Beginner $39/mo, Advanced $59/mo (billed annually) — 14-day free trial | Free core product; optional Patreon support |
Sourced from each company's own website as of July 2026. "Not listed" means the feature wasn't found advertised on the vendor's own site — it may still exist. Confirm current pricing directly with each vendor before subscribing.
Option Wheel Logic
Option Wheel Logic is built specifically around the full wheel cycle rather than general options scanning. It screens 300+ curated tickers (plus a universal scanner for any publicly traded ticker) with live IV rank computed from 52 weeks of history, quotes refreshed every 60 seconds, and options chains refreshed every 5 minutes. Every candidate shows a suggested CSP or CC strike pulled from live options data — delta, premium, probability of profit, and annualized return — alongside live dealer Gamma Exposure (put/call walls, gamma flip, max pain) and an earnings-date warning.
Best for: traders who want the screening and the tracking in one place. Once a put is sold, the tracker follows it through assignment and links the covered-call leg to the same campaign automatically, carrying cost basis forward — with read-only sync to 12+ brokerages via SnapTrade so fills don't have to be entered by hand. A portfolio-aware AI copilot (Free 20 / Pro 150 / Elite 300 queries per month — not unlimited) and a 7-year wheel simulator round out the workflow.
Pricing: Pro $24/mo ($19/mo billed annually) and Elite $39/mo ($27/mo billed annually). Every new account gets a 30-day trial with full Elite-tier access, no card required, plus a 7-day money-back guarantee on annual plans.
Wheel Screener
Wheel Screener is a lightweight, wheel-specific contract screener that ranks tens of thousands of options contracts daily by credit efficiency, with filters for sector, delta, DTE, and risk, plus IV Rank and IV Percentile data to flag potentially overpriced options. It also offers an interactive wheel options strategy calculator (currently in beta).
Best for: traders who want a simple, low-cost, wheel-focused screener and don't need brokerage sync, AI analysis, or built-in trade tracking. Its Starter tier covers S&P 500 names; the Premium tier expands to the full optionable universe and adds CSV export.
Pricing (per their site as of July 2026): Starter around $4.99/mo, Premium around $9.99/mo, with lifetime options also listed. Where Option Wheel Logic differs: live 60-second quotes and 5-minute options refresh, GEX and earnings-risk scoring, full wheel-cycle tracking with brokerage sync, and an AI copilot — none of which we found advertised on Wheel Screener's site.
Option Samurai
Option Samurai is a broad options scanner covering the entire U.S. market across more than 8 data sources, with 170+ filters and support for 24 option strategies — covered calls, spreads, iron condors, straddles, diagonals, calendars, and more. Its scan gallery includes a "Wheel Candidates" predefined scan (puts with annualized return above roughly 15% and covered calls above roughly 12% on dividend-paying stocks), a volatility suite with IV rank and IV-vs-realized comparisons, a trade log for tracking and paper-testing ideas, and Excel/Google Sheets integration.
Best for: traders running multiple options strategies beyond just the wheel who want one general-purpose scanner with deep custom filtering (up to 5 legs on its higher tier).
Pricing (per their site as of July 2026): Beginner around $39/mo and Advanced around $59/mo, both billed annually, with a 14-day free trial and no card required. Where Option Wheel Logic differs: Option Samurai is a multi-strategy scanner first, not a dedicated wheel-cycle tracker — we found no equivalent to automatic CSP-to-CC transition, brokerage read-only sync, or an AI trading copilot on their site.
Thetagang
Thetagang is a free, community-driven trade log and leaderboard, not a screener. Traders record positions after placing them at their broker — including cash-secured puts, covered calls, credit spreads, and strangles — and each profile displays stats like net premium, win percentage, and assignments. It's a genuinely useful accountability and learning tool: you can browse how other wheel traders are actually positioned, ticker by ticker.
Best for: traders who already have a way to find trades and want a free, public place to log them, compare notes, and stay accountable to a community.
Pricing: the core product is free, funded by optional Patreon support. Where Option Wheel Logic differs: Thetagang doesn't screen for trades before you place them — there's no IV rank scanning, suggested strikes, or earnings warnings — and it doesn't compute options analytics like GEX or probability of profit.
How to Choose, by Trader Type
You only trade the wheel and want it end-to-end
Option Wheel Logic screens the entry, tracks the assignment, and manages the covered call in the same place, with a real brokerage connection so you're not re-entering fills by hand.
You want the cheapest possible wheel-specific screener
Wheel Screener's Starter tier is priced for casual use and covers S&P 500 names — a reasonable entry point if you don't need brokerage sync, AI, or cycle tracking.
You trade the wheel alongside spreads, condors, and other strategies
Option Samurai's 170+ filters and 24-strategy support make it the most general-purpose scanner of the three if the wheel is only part of your book.
You already find your own trades and just want community accountability
Thetagang is free and lets you log positions publicly and compare results with other wheel traders — it won't help you find the next trade, but it's a solid record-keeping layer.
Frequently Asked Questions
Common questions about choosing a wheel strategy screener.