What Wheel Folio is, what it costs, how it handles the wheel, and what happens to your data. If the answer you need isn't here, support is a person, not a form.
What it is, what it costs, and what it deliberately does not do.
A tracker for the options wheel strategy — selling cash-secured puts, taking assignment, writing covered calls against the shares, and starting again. It keeps a wheel cycle together as one continuous thing rather than four unrelated trades, carrying the cost basis and the premium collected forward as the position moves through it. There are also calculators and strategy guides. The calculators for sizing up a trade you are considering — cash-secured put, covered call, LEAPS and poor man's covered call — are free and need no account. The roll and take-profit calculators, which read your open positions and tell you whether to roll, close or leave a trade alone, are on the paid plans; their formulas and worked examples stay readable by anyone.
Every new account starts with 21 days of Pro — everything unlocked, no card asked for. The clock starts when you confirm your email address rather than when you sign up, so nothing is lost if you come back to it a few days later. After that it drops to the free plan: up to 3 open positions, the screener, the monthly journal and the four entry calculators, which does not expire either. Pro adds unlimited positions, live prices, LEAPS tracking, alerts, the roll and take-profit calculators, broker import, tax summaries and CSV export. Full pricing is on the pricing page.
Nothing is charged and nothing is deleted — there is no card on file to charge. The account moves to the free plan, so live prices, LEAPS and alerts switch off and the cap comes back at 3 open positions. Positions you logged beyond that cap stay exactly where they are and you can still read and edit them; the cap only applies to opening a new one. Subscribe whenever you like and everything comes straight back on.
No — not for the free plan and not for the 21-day trial either. Signing up needs an email address and a password, nothing else. Card details are only ever asked for at the point you choose to upgrade, and they go straight to Stripe — Wheel Folio never sees or stores them.
Yes, from the billing portal linked on the pricing page, without emailing anyone. Cancelling stops future renewals and you keep the plan until the end of the period you have already paid for. Beyond the refund window below, partial periods are not prorated, which the Terms set out in full.
Email support within 7 days of the charge and you get it back in full, no questions asked — you do not have to give a reason and you will not be asked for one. That applies to any charge, first or renewal, monthly or annual. It sits on top of the 21-day trial rather than replacing it: almost nobody should reach a payment without having already run the whole product for three weeks. The Terms state it as a commitment rather than a goodwill gesture.
No. A subscription keeps the rate it was taken out at for as long as it runs — a price change only applies to new subscriptions. That is not a promise made loosely: a subscription is tied in Stripe to the specific price it was bought at, and nothing in this app reaches back and changes one. People still on plans that were retired years ago are still paying what they signed up for.
No. Wheel Folio is a record-keeping and analysis tool. It does not know your finances, your risk tolerance or your tax position, and nothing in it is a recommendation to buy or sell anything. Options trading carries substantial risk, including losing more than you put in. The guides explain how each strategy loses money as prominently as how it makes money, which is the honest way round.
One person — a practising family medicine physician running the wheel part-time, which is why the app is built around a strategy you can manage in the evenings. The about page is candid about the limits of that, including that a medical credential confers no expertise about markets.
Assignments, rolls, and the numbers that look wrong until you know why.
Record the put's closing leg as “assigned” and the position becomes a shares position: 100 shares per contract, at the strike you sold. The premium you collected is not treated as a separate closed trade — it comes off your share cost basis, which is what the net basis figure on the card shows. From there you can write a covered call against those shares and the cycle continues.
Check that the put's closing leg is recorded as “assigned” rather than bought-to-close. That one field is what tells the app to roll the premium into your share cost basis instead of treating it as a separate closed trade, and it's the most common cause of a basis that looks too high.
Yes. Rolling records the buyback and the new contract as one action, so the premium already collected carries forward into the same cycle instead of starting a fresh one. There are also roll calculators for puts and calls that plot rolling against closing and against doing nothing, so you can see which choice wins at which stock price.
Because they are the same money counted at two different moments, so Wheel Folio never adds them together. Premium is the option credit that reached your account that day, net of anything bought back. Realized P&L is what a cycle actually made on the day it finished. Sell a put for $450 on the 1st and let it expire on the 18th and you will see $450 of premium on the 1st and $450 of realized on the 18th — one answers what you collected, the other what you made. They part company whenever a trade does not go to plan: collect $450, buy it back for $700, and you have collected $450 of premium and realized a $250 loss. Both are true. And on the wheel some premium never becomes profit at all — when a put is assigned, that premium is not a closed trade, it comes off what the shares cost you and only surfaces later in the gain when you sell them. The monthly journal inside the app shows both figures side by side, day by day, with this explanation next to them. The guide to assignment walks through where that premium goes.
Often, yes, which is the other reason the two are kept apart. Premium from an option you let expire, bought back or rolled is short-term income however briefly you held the contract. Premium from a put that was assigned is not taxed at that point at all — it reduces your cost basis in the shares, and is taxed later as part of the gain when you sell them, which can be a long-term gain if you hold those shares more than a year. A called-away covered call folds into the share sale the same way. The tax summary on Pro splits every event out on exactly those lines. None of this is tax advice, wash-sale and straddle rules can change it, and your accountant gets the final word — see the Terms.
It probably isn't wrong. Annualising a short-dated trade produces large numbers by design — a 2.4% return over 30 days is 29% annualised. It's a rate for comparing trades, not a projection. The CSP calculator shows the arithmetic.
Positions are validated against the SEC's own ticker register, so delisted tickers and most non-US listings are rejected. Live prices need Pro; on Free, positions still track fine, they just don't show a current quote.
What a transaction export becomes, and the limits on it.
Yes — on Pro, from a tastytrade and Schwab transaction CSV, with more brokers as updates follow. Export your history, upload it, and Wheel Folio rebuilds the wheel cycles inside it — put sold, assigned, call written, called away — rather than just listing the trades. Long options go to LEAPS; spreads and anything else it doesn't model are named and set aside rather than counted.
No, and that stays deliberate. Wheel Folio never asks for brokerage credentials — you upload a file you exported yourself, so nothing here can reach your account. The file is read in your browser to build the preview; only the result is saved, and only if you say so.
The importer matches on header names and handles the common screener exports, but an unusual header can slip past it. Email the header row — not the whole file — and it can be added.
Yes, to keep one account from crowding out everyone else on a shared database: up to 10,000 trades of stored history, ten saved imports an hour, thirty a day, and a brief pause between saves. Uploading and previewing a file is unlimited — the limits are on saving. Saving replaces the previous import rather than stacking on it, so re-importing never grows your history twice.
Privacy, export, and deleting everything.
Yes. Everything you log is scoped to your account and is not visible to any other user, and it is never sold or shared — including with advertisers. No adverts are shown on the site. We do buy ads on Reddit, and if you agree to it when asked, we report back that a visit, a sign-up or a subscription happened — most of that from your browser and, for a completed subscription, from our own server, because browsers often never return from the payment page. Reddit is never told anything about your positions, your email is only ever sent as a one-way hash, and if you decline then nothing is reported at all, by either route. What else leaves the server is bare ticker symbols, sent to market data providers to fetch a price or a company name — never your identity or anything about the position. The privacy policy names every provider involved.
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On Pro, yes — a one-click download of everything the account holds: positions, legs, LEAPS, screener candidates and settings, as a single file. The journal and the tax summary export as CSV separately.
Account Settings, at the bottom of the page. It is immediate and permanent, and it takes everything with it — positions, legs, LEAPS, screener data, imported broker history and alert settings — with no backup kept. Any active subscription is cancelled at the same time. Export first if you want a copy.
Bugs in the arithmetic are the ones most worth reporting — several fixes in the app came from someone noticing a figure that didn't match their own spreadsheet.
[email protected]New to the strategy itself? The wheel strategy guides cover the cycle end to end, and the calculators run the numbers before you open anything. Both are free and need no account.
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