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WheelBert™
Your options wheel scanner · by LetsWheelIt™
Built for the options wheel – not generic scanners

Find your next options wheel trade in seconds.

WheelBert™ scans the market for high-probability, income-generating put options based on your cash budget, target time horizon, and safety level. See the expected annualized return before you sell a single contract.

Free plan includes 2 scans per day, $10k collateral cap, and beginner-friendly suggestions.

🧠Built by an options wheel trader for busy professionals
⏱️Go from “I’ve got cash sitting idle” to a curated shortlist in under a minute
Quick scan · Free modeExample data only
Scan summary
34.8%EAR

Based on your cash budget, target DTE, and minimum cushion.

Plan
$1,000 / mo target
Wheel income goal
Cash budget
$25,000USD
Target DTE
30–45 daysWindow
Safety preference
ConservativeΔ ~0.20
Top candidatesShowing 3 of 12
KO 50P41.2% EAR
Δ 0.2134 DTE$145 premium10.4% cushion
$5,000 collateral
$1,004 / yr equivalent
PEP 145P36.7% EAR
Δ 0.1841 DTE$210 premium12.1% cushion
$14,500 collateral
$5,321 / yr equivalent
PG 130P33.5% EAR
Δ 0.1938 DTE$175 premium11.3% cushion
$13,000 collateral
$4,355 / yr equivalent
Universe: S&P 500Advanced filters in Pro →

Data for illustration only. Not a recommendation to buy or sell any security.

How WheelBert™ works

From “I have some cash” to “here’s my next wheel trade” in three simple steps.

1
Inputs

Tell us your cash & preferences

Choose your cash budget, target timeframe (e.g. 30–45 DTE), and comfort with taking assignment. No Greeks PhD required.

2
Scan

Scan the market

WheelBert™ looks across your chosen universe (S&P 500 on Free, custom tickers in Pro/Elite) and surfaces trades that meet your minimum yield and safety constraints.

3
Shortlist

Review and place with your broker

See clear EAR, downside cushion, and DTE. Place the trade with your broker and optionally track it in WheelBert™ Pro.

Built for the options wheel, not day trading.

Most options tools are built for active scalpers, day traders, or volatility chasers. WheelBert™ is opinionated: it’s built for cash-secured puts and covered calls.

Total-budget thinking

WheelBert™ thinks in terms of “How much cash do I have?”, not obscure per-contract filters. You tell it your budget and risk posture; it helps you allocate.

Focused on risk first

Rank candidates not just by yield, but by cushion to strike, DTE, and assignment comfort. Quickly ignore trades that don’t fit your downside rules.

No more spreadsheet gymnastics

Stop copy-pasting from your broker to Excel. Filter, compare, and shortlist within a clean, purpose-built interface.

Works with your existing broker

WheelBert™ is a research & planning tool, not a broker. You keep using your existing brokerage account to place trades.

Wheel-native metrics

See expected annualized return (EAR), downside cushion, DTE, and assignment risk framing instead of raw chains.

Designed for routines

Build a weekly or monthly wheel routine that fits your schedule. WheelBert™ helps you stay consistent instead of chasing random trades.

Start free. Upgrade when you’re ready to scale.

Free plan is perfect for learning the wheel. Pro and Elite are built for ongoing income strategies.

Free
$0forever

Perfect if you’re learning the wheel or testing the tool.

  • • 2 scans per day
  • • Up to $10k collateral budget
  • • 30–40 DTE, beginner-friendly delta range
  • • S&P 500 universe
  • • Expected annualized return on each pick
Start free
Most popular
Pro
$19/ month
Normally $29 / month

For active wheel traders who want full control, unlimited scans, and deeper analytics.

  • • Unlimited scans
  • • Any collateral size & custom DTE
  • • Custom ticker lists + ETFs
  • • Advanced filters (spreads, earnings, IV)
  • • Expected annualized return with richer context
  • • Export to CSV & saved presets
Get Pro
Elite
Call usfor pricing

For serious wheel traders who want advanced tools and closer collaboration.

  • • Early access to new features and experiments
  • • Deeper portfolio analytics and risk views
  • • Historical wheel performance tools
  • • Safety & margin-efficiency scoring
  • • Income target planner (“I want $X/mo”)
  • • Alerts & advanced reporting
Talk to us

Questions you might have

A few important clarifications before you start using the scanner.

Is this financial advice?

No. WheelBert™ does not provide individualized investment advice. Options involve risk and are not suitable for every investor. This is an educational and research tool to help you think more clearly about the wheel strategy.

Do you place trades for me?

No. WheelBert™ is a research & planning tool. You still place trades through your preferred broker. Pro/Elite are designed to help you decide what to trade, not hold your funds.

What data do you use?

WheelBert™ uses market data from reputable providers to compute premiums, ROI, and expected annualized return. It’s a snapshot for research, not a guarantee of fill price.

Is WheelBert™ only for advanced option traders?

No. The free plan intentionally keeps things simple with defaults and explanations. As you get more comfortable, Pro and Elite tools are there to support more active routines.

Ready to put your cash to work?

Start with the free plan, learn the workflow, and upgrade to Pro when you’re ready to treat your options wheel like a real income stream.

Launch WheelBert™

Free forever for light use. Upgrade anytime. No lock-ins.