01
The morning scan
Open puts and calls across tickers and expirations. Different strikes, different DTE, different amounts of premium already captured. You scan the list and try to hold the whole book in your head at once.
WheelMind · Decision engine for options premium sellers
@WheelMindApp · getwheelmind.com
Trade the wheel. Keep the discipline.
Every morning, know exactly what to do with every open trade. You run a book of open puts and calls across tickers and expirations. WheelMind watches every one of them and tells you which needs a decision today, what that decision is, and what each choice costs.
1 Not a journal with charts attached. A decision engine first — scoring, recommendations, and what-if math — with the record underneath to prove what happened.
At a glance
It watchesDTE · strike distance · % of max
It advisesRoll · hold · close · manage
It provesOne true P&L per wheel cycle
Real proof insideCRDO +$251 in 3 days
Built for premium sellers running a real book. Multiple tickers, multiple expirations, one morning decision: what needs you first?
01 — The problem
Your broker shows positions. Not priorities.
A broker lists what you own. It does not rank what needs a decision. That ranking is the work — and it is the work most likely to slip when the book gets busy.
02
The one moving against you
A put is closer to the strike than you remembered. Another trade has already captured most of its max and is still carrying expiry risk. Both look like “just another row” until you do the math on each one.
03
The roll you almost missed
Not because you were careless. Because nothing in a position list tells you “this one first.” The decision window closes quietly — and a routine management trade becomes a scramble.
Missing a roll is how a month of premium gets given back.
02 — How it works
It watches. It advises. It proves.
Three mechanisms, in the order your morning needs them. First the ranking, then the cost of each choice, then the proof of what the whole cycle earned.
A
It watches — the Decision Engine
Every open position is scored continuously on days to expiry, distance from strike, and premium captured against max. The positions that need you rise into a needs-attention queue. Each one carries a recommended action — roll, hold, close, or manage — driven by rules you configure: roll thresholds, DTE triggers, profit targets.
B
It advises — before you act
A recommendation is not an order. Before you touch a trade, the what-if simulator shows what each choice does to your P&L at every price — for the option and for the shares. Pre-trade obligation previews show the commitment before you make it: assignment cash required, share-lot reservation, cushion %, and break-even.
C
It proves — wheel-cycle accounting
Put sold, assignment, shares held, covered calls written: WheelMind links the legs as one lifecycle per ticker and carries the option credit across them. Break-even is strategy-adjusted from cumulative premiums — not the broker’s share cost. When the cycle closes, there is one true number for what it earned, with a fee-split premium ledger underneath.
The morning flow
Open it. See what needs you. Act with the numbers.
Ninety seconds, in the order WheelMind presents it. Illustrative positions — the ranking logic is the point.
What needs attention, ranked.
Every open position has already been scored — DTE, distance from strike, premium captured vs. max. The queue puts the urgent ones on top. Everything else can wait, and you can see why.
Scored onDTE · distance · % of max
OutputA ranked queue
One position. One recommended action.
The top of the queue is not a warning light. It is a specific action — roll, hold, close, manage — with the numbers that triggered it, checked against the rules you set.
ActionsRoll · hold · close · manage
Driven byYour thresholds
See the cost before you pay it.
Before you act, simulate it. What closing does, what rolling does, what holding does — P&L at every price, for the option and the shares. Then decide, once, with the full picture.
CompareClose · roll · hold
Shown asP&L at every price
Needs attention
This morning’s queue
01 / 03
SHORT PUT · 6 DTE82% of max capturedAct first
COVERED CALL · 9 DTEStrike distance narrowingReview
SHORT PUT · 14 DTERoll threshold approachingReview
COVERED CALL · 28 DTEOn track — no actionHold
Ranked, not listed. Urgency comes from your rules — DTE triggers, profit targets, roll thresholds — applied to every position, every morning.
03 — Proof
The engine’s rules, on a real trade.
One compact case study — not a highlight reel. A defined-risk put credit spread, a rule written before entry, and an exit taken when the numbers said so.
CRDO · Put credit spread · Oct 30 expiry
The $165 / $145 spread
+$25168.8% of max · 3 days
Written first
CRDO had pulled back to a level worth defending. Sell the $165 put, buy the $145 put. Worst case known before the order went in.
- Credit received
- $3.65
- Max profit
- $365
- Width / risk
- $20 · defined
Watch the line
One number mattered: percent of max captured. Rule set in advance — close near 50%, cut earlier if profit fell under $100. That is the queue logic, applied to a single trade.
- 50% target
- $1.83 buy-back
- Profit at target
- ~$182.50
- Early-cut line
- < $100
Taken when offered
Bought back at $1.14 — past the 50% line. Closed the same day, while the reasoning was still the reasoning, not a reconstruction.
- Bought back
- $1.14 debit
- Realised P&L
- +$251.00
- Days held
- 3
Profit captured68.8% of max
The point is the rule, not the ticker. Target was 50%. At 68.8%, holding meant carrying expiry risk for the remainder. So it was closed. Wealthsimple margin account; past performance does not guarantee future results.
04 — Intelligence layer
AI that explains. The engine decides the math.
The deterministic engine stays authoritative for scoring and P&L. The AI layer sits on top of it — reading your book back to you in plain language, on request.
The morning, in one read.
A brief across all open positions: what moved, what is approaching a trigger, what the queue is putting first today. The same ranking as the engine — written out, so you can act without opening every position.
- All open positions, summarised together
- Triggers and expiries called out
- Consistent with the queue, never separate from it
One trade, with portfolio context.
Ask about a single position and get the analysis in context: how it sits against the rest of the book, what its cycle has earned so far, and what the what-if says — in sentences, not just tables.
- Position explained against the whole book
- Cycle earnings to date, included
- Grounded in your recorded positions
Broker screenshot in. Trade recorded.
Import a trade from a broker screenshot instead of typing strikes, expirations, and premiums by hand. The fill you already have becomes the record — checked by you before it counts.
- Strikes, expiry, premium extracted
- You confirm before anything is saved
- Less manual entry, fewer transcription errors
Stated up front, as a trust signal.
AI actions are user-initiated and capped. The caps are published here, not buried — and when the AI and the engine could ever differ, the engine’s numbers win.
- No auto-trading, no trade picks
- No generation you did not ask for
- Engine math outranks AI prose, always
05 — Pricing
Simple, on purpose.
Start free. Upgrade when the book is big enough that ranking it by hand stops being reasonable. Two plans, no feature maze.
Billed monthly. Cancel anytime.
| Compare | Free $0 Decision engine starter | Plus Most popular $9.99/mo Billed monthly |
|---|---|---|
| Open positions & needs-attention queue | ✓ | ✓ |
| Decision Engine scoring & recommendations | Basic view | ✓ Full scoring, your rules |
| What-if simulator & obligation previews | — | ✓ |
| Wheel-cycle accounting & adjusted break-even | — | ✓ |
| Free tracker download | ✓ Excel workbook | ✓ Included |
| AI actions (user-initiated) | 5 / week | 100 / week |
Prices in USD. Plus is $9.99/month or $99/year. You can stay on Free as long as you like — the tracker is yours to keep.
06 — Trust
Your book stays yours. Full stop.
A decision engine only works if you trust it with the record of every trade. So the record is yours — portable, exportable, and never held hostage by a subscription.
Records are never deleted because a subscription ends.
Cancel or downgrade and your trade history remains your trade history. A lapsed plan changes what the engine does for you going forward — it does not erase what it proved about the past.
Feel the engine before you commit.
Explore the workflow in a local-first preview before deciding. See the queue, the recommendations, and the what-if on working positions — the product demonstrates itself.
Out in open formats, whenever you ask.
Export your data as CSV, ledger, or JSON. Your cycles, premiums, and break-evens travel with you — into a spreadsheet, an archive, or another tool. No export ticket, no retention call.
Leave when you want. Keep what you built.
Plus cancels in a click, access runs to the end of the paid period, and your records stay available. The pitch for staying is that tomorrow morning is easier — nothing else.
07 — Questions
Asked, answered plainly.
None of the three. WheelMind is decision support for trades you choose and place elsewhere. It scores your open positions, recommends roll / hold / close / manage against rules you configure, and shows the cost of each choice. It does not place trades, pick tickers for you, or give personalised financial advice.
Three things on every open position, continuously: days to expiry, distance from strike, and premium captured against maximum profit. Those scores feed the needs-attention queue, and each queued position carries a recommended action with the numbers that produced it. Roll thresholds and DTE triggers are configurable — the defaults are a starting point, not a doctrine.
Brokers show discrete positions. A wheel is one journey: put sold, possible assignment, shares held, covered calls written. WheelMind links those legs per ticker, carries the option credit across them, and computes a strategy-adjusted break-even from cumulative premiums. When the cycle closes, you get one true number for what it earned — not four disconnected rows.
On your request, the AI writes a daily brief across open positions, analyses a trade with portfolio context, or extracts a trade from a broker screenshot for you to confirm. Free includes 5 AI actions per week; Plus includes 100 per week. Every generation is user-initiated, and the deterministic engine — not AI prose — stays authoritative for scoring and P&L.
They stay yours. Your records are never deleted because a subscription ends, and you can export your data anytime as CSV, ledger, or JSON. Cancelling stops the paid plan at the end of the period; it does not erase the book you built.
Many premium sellers close a winning trade near 50% of maximum profit instead of holding to expiry. The CRDO spread was opened at $3.65 credit, managed against that rule, and bought back at $1.14 — +$251, or 68.8% of max, in 3 days. It is one real trade shown with entry, management, and exit. It is not a promise about any future trade.
Tomorrow morning, know what needs a decision. And what it costs.
Start free and put your open book in front of the engine: scored, ranked, and priced at every choice — before the market makes the decision for you.