IT IS READ-ONLY. Wheelwright connects to your broker to read positions, cash and resting orders. It can never place, change or cancel an order. All trading happens in your broker's own app.
What it does
Five things — and it says so when it has nothing
- Reads your book. Accounts, share lots, short options and resting buy-to-close orders.
- Flags what needs attention. Profit targets hit, management windows reached, deltas past your roll trigger, assignments approaching.
- Suggests positions that fit your rules — and tells you plainly when it has nothing to suggest, and why.
- Checks a trade you're considering against your own gates: one line per check, with the number it measured beside the limit you set.
- Tracks your monthly income target per account, and says when you're behind.
Why the name
A wheelwright trues a wheel. So does this.
The options-income strategy it was built for is literally called the wheel — four phases that turn into one another, each with its own rules about when to act and when to sit still. Most of the work is knowing which phase you're in.
Sell a put
Cash secured, at a strike you'd genuinely be happy to own. Collect the premium.
Take assignment
If it's put to you, you own shares at a basis below where you sold.
Sell a call
Covered by those shares, above your basis. Collect premium again.
Get called away
Shares leave at a profit, cash comes back, and the wheel turns.
The strategy is simple. Keeping track of eleven positions across two accounts, each at a different point in the turn, is not.
The rules are yours
Nothing here is a recommendation
You set the delta bands, the days-to-expiry window, the minimum annualised yield, the notional cap and its per-name share, the profit-capture target. Wheelwright applies them and shows its working. Change a limit and every verdict changes with it.
It holds nothing, routes nothing, and settles nothing.
No personalised advice. Every order is yours to place and yours to own.
The same book and the same rules produce the same answer, every time.
Honest about its data
An unknown is reported as an unknown
Prices come from the most recent settled market close, under the data provider's licensing terms — not a live feed. Every screen names the session its numbers came from, so you always know what you're reading.
If a check cannot be made — not enough history for an implied-volatility rank, a missing earnings date — Wheelwright says so instead of guessing.