Features

Everything you need to run the wheel.

One workspace for the whole cycle — dashboard, analytics, wheel planning, backtesting, journaling, calendars, news, alerts, and playbooks. Here's every tool, in one place.

01

Dashboard

Live account value, day & unrealized P&L, premium collected, and a cumulative equity curve.

02

Analytics

Win rate, profit factor, Sharpe, expectancy, drawdown, and performance heatmaps.

03

Wheel Strategy

Plan every leg — pick strikes, simulate rolls, project profits, track true breakeven.

04

Backtest

Replay closed trades and simulate wheel plays on historical IV & Black-Scholes pricing.

05

Journal

Every fill tagged, filtered, and searchable by symbol, strategy, date, and status.

06

Calendars

P&L calendar, option expirations, and dividend ex-dates on one timeline.

07

Market Pulse

Real-time news with severity flags plus earnings, dividend, and Fed-event calendars.

08

Playbooks

Name your strategies, tag trades, and see which playbooks actually print.

09

Learn

Guides and breakdowns of the wheel — from CSP basics to rolling and assignment.

10

Pack Watch

Live assignment-risk, DTE windows, and custom alerts — plus The Hunt for top CSPs.

Wheel Strategy

Built around the wheel — not bolted on.

Every other journal treats your CSPs and CCs like isolated trades. Tradevada treats them as one continuous cycle, accounting for every premium you've collected against your real breakeven on the underlying.

  • Cycle-aware accounting — premiums from prior CSPs and CCs reduce your true cost basis automatically.
  • Next-move simulator — pick a target yield to model a matching strike, with projected breakeven and contract count.
  • Profit projection ladder — see total P&L if called away at any strike, with breakeven highlighted.
  • True breakeven — updates in real time across infinite premium collections.
Wheel Strategy · SOFI
Total Premium
$565.62
True Breakeven
$17.75
CSP Premium
$310.44
CC Premium
$255.18
Pack Watch

Every open leg watched. Every entry hunted.

Pack Watch keeps eyes on every position you hold and howls the moment one needs you — then hunts for your next entry.

  • Active Wheel Monitor — premium capture, DTE, Δ-assign, and AROC on every open CSP and CC.
  • Alert rules — profit target, assignment risk, DTE window, high IV, premium target, and earnings reminders.
  • The Hunt — live price, IV, and the best CSP near Δ 0.25 in a 25–50 DTE window.
  • In-app & phone alerts — build a custom condition, get pinged the moment it's true.
Pack Watch · Live
Premium at work
$127
Decay / day
$16.07
Deployed
33%
Need action
3
Analytics & Market Pulse

The math behind every trade — and the catalysts ahead.

Win rate, profit factor, expectancy, drawdown — every metric that separates discipline from luck. Next to a live feed of the news and events that move your positions.

  • Performance metrics — Sharpe, expectancy, recovery factor, max drawdown, and equity curves.
  • Heatmaps — 12-month P&L calendar and a day-of-week × hour grid.
  • Market Pulse — severity-flagged headlines plus an earnings, dividend, and Fed-event calendar.
  • Playbooks & Backtest — rank your strategies, then prove them against history.
Performance Analytics
Net P&L
$1,175.51
Win Rate
91.3%
Profit Factor
2.23
Sharpe
2.89

One workspace for the whole wheel.

Start free with manual entry and CSV import. Upgrade to Pro when you want trades flowing in automatically from your broker.

Get Started →
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