Best free
CoveredWheel
Free. No paid plan. Wheel journal for covered calls and cash-secured puts, with cost basis and P&L stats.
Options trading journals compared
Every options journal and wheel tracker we list, side by side: what it costs month to month and billed yearly, whether there's a free plan, and how the trial works. Prices come from each tool's own pricing page; each tool page shows the date we last checked it.
Quick picks
Best for beginners
Options Wheel Trading Tracker
Free, no signup. Trades stay in your browser's local storage. Logs cash-secured puts and covered calls, net premium and adjusted cost basis.
Lowest starting price
ThetaScanner
From $5.99/mo, the lowest starting price on this list. Has a free plan and a 7-day free trial. Cash-secured put and covered call screener; wheel journal on Pro.
Best for analytics
TradesViz
From $14.99/mo billed annually ($19.99 month-to-month). Free plan, and a 7-day free trial on Pro/Platinum. 600+ stats and custom dashboards.
| Tool | Starting price | Month-to-month | Billed yearly (total) | Free plan | Trial | Best for |
|---|---|---|---|---|---|---|
| CoveredWheel | Free | Free | Free | Yes | Not applicable (free). | New wheel traders getting off spreadsheets |
| Options Wheel Trading Tracker | Free | Free | Free | Yes | Not applicable (free). | Beginners running the wheel who want a simple log without a spreadsheet |
| ThetaScanner | From $5.99/mo | $5.99 | Not verified | Yes | 7-day free trial. | Budget-conscious wheel traders hunting high-yield puts and calls |
| MyATMM | From $6.67/mo | $9.99 | $79.99 | Yes | 14 days full access. | Wheel traders tracking dividends and true cost basis |
| TrackTheta | From $10/mo | $10 | Not listed | Yes | 7-day free trial. | Wheel traders who want adjusted cost basis cheaply |
| TraderSync | From $14.97/mo | Not verified | $179.64 | Not verified | 7-day free trial. | Journaling with AI feedback and broad broker support |
| TradesViz | From $14.99/mo | $19.99 | Not listed | Yes | 7-day free trial on Pro/Platinum. | Active traders who want the deepest journal analytics for the money |
| TradeZella | From $26/mo | $35 | $315 | No | No free trial is listed, and TradeZella's terms say all payments are final and non-refundable. | Active traders who want an automated journal with AI reviews and built-in backtesting |
| QuantWheel | From $29/mo | Not listed | Not listed | Yes | 7 days for $1. | Wheel traders who want screening, rolling and journaling with broker sync |
| Tradervue | From $29.95/mo | $29.95 | Not listed | Yes | Trial periods for Silver/Gold at signup. | Traders who want a mature journal with mentoring and sharing |
| WingmanTracker | From $49/mo | $49 | Not listed | No | 30-day free trial, 100% money-back guarantee. | Active options traders with many positions across accounts |
Quick answers
- Completely free: CoveredWheel, Options Wheel Trading Tracker.
- Paid tools with a free plan: ThetaScanner, MyATMM, TrackTheta, TradesViz, QuantWheel, Tradervue.
- Lowest starting price: ThetaScanner at $5.99/mo.
- Starting price is the cheapest advertised per-month cost, which is often the annual-billing rate. Check the month-to-month column if you don't want to commit for a year.
Stock journals vs wheel trackers
General trading journals like TradeZella, Tradervue, TraderSync and TradesViz log every trade type and focus on stats and review. Wheel trackers focus on premium collected, rolls, assignments and true cost basis. If you mostly sell puts and covered calls, start with the wheel-focused tools in the wheel trackers & journals category.
How we check
We re-check prices on each tool's live site, and anything we couldn't confirm says Not verified. Spot a change? Tell us.