Pricing
Simple, Transparent Pricing for Wheel Strategy Traders
Option Wheel Logic replaces your options screener, your trade journal, and the spreadsheet you've been maintaining by hand — for less than a dollar a day. Start with 30 days of full Elite access without entering a card, and decide afterwards whether it's worth paying for.
Annual billing saves up to 30%, every plan cancels in two clicks, and annual subscriptions carry a 7-day money-back guarantee.
Free
No credit card required
30-day full trial · then 11 tickers + 20 AI queries/mo
Pro
billed $230/yr · save 20%
Elite
billed $327/yr · save 30%
7-day money-back guarantee on annual plans · Cancel anytime
What You're Actually Paying For
Live options data, not delayed quotes. Every strike, premium, delta and implied volatility figure on the platform comes from a live options feed, refreshed continuously through the trading day. The strikes you see in the cash-secured put screener are the strikes your broker will quote you — that is the single biggest difference between this and a free screener working off end-of-day data.
Scoring, not just filtering. A filter tells you which tickers have IV rank above 50. A score weighs IV rank against the IV/HV spread, trend, momentum, earnings proximity, realized volatility and liquidity, then ranks the results so the top of the list is genuinely the best place to start. The high IV screener and the covered call screener both run on that scoring engine.
A journal that understands the wheel. Most trade journals treat every option as an isolated line item. The wheel strategy tracker understands that a put you rolled three times, got assigned on, and then sold calls against is one campaign with one cost basis — and reports full-cycle P&L accordingly.
AI that can see your positions. WheelLogic AI reads your actual open positions, cost bases and the live chain before it answers. Asking it whether to roll a specific put gets an answer grounded in that put's real delta, days to expiration and roll credit — not generic strategy advice.
Is the Free Plan Actually Usable?
Yes, within limits we're upfront about. After your 30-day trial ends, the Free plan keeps 11 tickers — the Magnificent 7 plus SPY, QQQ, IWM and DIA — with the same live options data and the same scoring the paid tiers get. You keep 20 AI queries a month and a trade journal that holds 2 open positions alongside unlimited closed ones. If you run a concentrated wheel on mega-caps and log a couple of positions at a time, Free genuinely works.
What you give up is breadth. The universal scanner across any publicly traded ticker, the 300+ curated list, brokerage auto-sync, email alerts and the Wheel Simulator are paid features, because they're the ones with real data and compute cost behind them. If you're running more than two positions at once or screening outside the mega-caps, you'll hit the ceiling quickly — which is exactly what the 30-day trial is designed to let you find out before paying.
Pricing FAQ
Billing, trials, refunds and plan changes.
There are three tiers. Free is $0 and never expires. Pro is $24/month billed monthly, or $230/year billed annually — $19.17/month. Elite is $39/month billed monthly, or $327/year billed annually — $27.25/month. Annual billing saves up to 30% versus paying month to month, and every paid plan can be cancelled at any time.
No. Every new account gets 30 days of full Elite access with no card required — the universal scanner, all 300+ curated tickers, live options data and Greeks, the full options chain, brokerage auto-sync, the trade journal, the Wheel Simulator, and 200 WheelLogic AI queries. We ask for payment details only if you decide to stay on a paid plan when the trial ends. There is nothing to cancel if you don't.
Your account drops to the Free plan automatically — it is not deleted and it does not lock you out. On Free you keep 11 tickers (the Magnificent 7 plus SPY, QQQ, IWM and DIA), 20 AI queries a month, and a trade journal with up to 2 open positions and unlimited closed ones. Every trade you logged during the trial stays exactly where it is. You can upgrade later and pick up where you left off.
Pro covers the core wheel workflow: the universal scanner across any publicly traded ticker, 300+ curated tickers with live options data, brokerage auto-sync, the full trade journal with wheel-cycle tracking, 2-year backtests in the Wheel Simulator, a 25-ticker watchlist, and 100 AI queries a month. Elite adds the depth tools — the full options chain with live bid/ask and per-strike PoP, AI Pick scoring every strike for you, dealer positioning (GEX) call and put wall levels, Position Briefing and Position Alerts, an unlimited watchlist, the Tax Center, AI Memory, 7-year simulator history, and 200 AI queries a month.
Yes. Cancel from Account Settings in two clicks — no email, no retention call, no cancellation fee. Your plan stays active through the end of the period you already paid for, then reverts to Free. Your logged trades, watchlist and tax records remain in your account after cancelling.
Annual plans carry a 7-day money-back guarantee: if it isn't the right fit within a week of subscribing, contact us and we'll refund the full year. Monthly plans aren't refunded, because the 30-day no-card trial is designed to answer that question before any money changes hands.
Yes, and you can move between Pro and Elite at any time too. Upgrades take effect immediately with the remaining value of your current plan prorated against the new one. Downgrades take effect at the end of your current billing period, so you keep the higher tier for what you've already paid.
Yes. Pro works out at $19.17 per month ($230 billed once, 20% off) and Elite at $27.25 per month ($327 billed once, 30% off). Annual plans are also the only ones covered by the 7-day money-back guarantee.