Software Alternatives, Accelerators & Startups

Wheelytics VS Option Explorer

Compare Wheelytics VS Option Explorer and see what are their differences

Wheelytics logo Wheelytics

Wheelytics automates your Wheel Strategy trading workflow โ€“ import, track, and analyze all your IBKR options trades in one beautiful dashboard.

Option Explorer logo Option Explorer

Option Explorer is a multi-user option analysis and planning platform.
  • Wheelytics Live Demo Dashboard
    Live Demo Dashboard //
    2026-04-25

Wheelytics is your all-in-one dashboard for tracking the Options Wheel Strategy using data from Interactive Brokers (IBKR) โ€” automatically updated every day.

Group, track, and analyze your Covered Calls and Cash-Secured Puts with no spreadsheets required. Just connect your IBKR account and get fresh insights every morning โ€” automatically.

  • Option Explorer Landing page
    Landing page //
    2023-10-16

Wheelytics

$ Details
paid Free Trial $7.0 / Monthly ("Unlimited symbols and trades", "Single IBKR account")
Startup details
Country
Latvia
City
Riga
Founder(s)
Sensomedia SIA
Employees
1 - 9

Wheelytics features and specs

  • Auto-Grouped Options Trades
    Wheelytics automatically groups your options trades by symbol and strike, making it easy to track the progress of your Wheel strategy positions.
  • Net Income & Performance Metrics
    See proceeds, commissions, and net income for each option trade โ€” all calculated and summarized in a clean, intuitive dashboard.
  • Seamless IBKR Flex Report Import
    Simply upload your Interactive Brokers Flex XML report and get instant insights without spreadsheets or manual formatting.

Option Explorer features and specs

No features have been listed yet.

Analysis of Wheelytics

Overall verdict

  • Wheelytics appears to be a fleet/vehicle analytics and tracking platform aimed at helping businesses monitor and optimize their vehicle operations, but as I don't have verified, up-to-date information on this specific product, I can't confirm its current quality, reliability, or customer satisfaction with certainty. Prospective users should review current customer feedback, request a demo, and verify feature claims directly with the vendor before committing.

Why this product is good

  • Positioned as a specialized tool for vehicle/fleet data tracking and analytics
  • May offer dashboards for monitoring vehicle performance, usage, or maintenance needs
  • Could provide cost-saving insights through data-driven fleet management
  • Potentially useful for businesses looking to consolidate vehicle tracking into one platform

Recommended for

  • Small to medium businesses managing vehicle fleets
  • Logistics or delivery companies needing tracking and analytics
  • Fleet managers seeking data-driven decision-making tools
  • Businesses evaluating fleet software but should still conduct independent research and trials first

Analysis of Option Explorer

Overall verdict

  • Option Explorer appears to be a useful tool for traders and investors who want to analyze options strategies, but its quality depends on your specific needs and I don't have verified independent reviews to confirm its reliability. Evaluate it against your requirements and consider a trial before committing.

Why this product is good

  • May offer visualization tools to model options payoff diagrams and strategies
  • Can help traders understand risk/reward profiles before placing trades
  • Potentially useful for testing and comparing multiple options strategies
  • May support educational learning for those new to options trading

Recommended for

  • Retail options traders wanting to model strategies
  • Beginners learning how options payoffs and risks work
  • Investors who want to visualize risk/reward before trading
  • Traders seeking to compare multiple strategy scenarios

Category Popularity

0-100% (relative to Wheelytics and Option Explorer)
Investing
38 38%
62% 62
Finance
34 34%
66% 66
Personal Finance
0 0%
100% 100
Fintech
100 100%
0% 0

Questions & Answers

As answered by people managing Wheelytics and Option Explorer.

Which are the primary technologies used for building your product?

Wheelytics's answer

Next.js, PostgreSQL, Tailwind CSS

What makes your product unique?

Wheelytics's answer

Wheelytics is purpose-built for retail options traders using the Wheel strategy. Unlike generic portfolio trackers, it auto-groups trades by symbol and strike, showing net cash, proceeds, and commissions in one place โ€” with seamless IBKR Flex Report integration.

Why should a person choose your product over its competitors?

Wheelytics's answer

Most tools focus on stock portfolios or advanced Greeks. Wheelytics focuses on what Wheel traders care about: cashflow visibility, position grouping, and simple reporting. No spreadsheets, no complexity โ€” just clear insights.

How would you describe the primary audience of your product?

Wheelytics's answer

Retail investors and semi-passive traders using the Wheel strategy (selling cash-secured puts and covered calls), primarily those trading through Interactive Brokers from the US and Europe.

What's the story behind your product?

Wheelytics's answer

Wheelytics started as an internal tool built out of frustration with tracking Wheel trades in spreadsheets. After seeing value in grouping trades and automating cashflow insights, it evolved into a public-facing tool for fellow traders.

Who are some of the biggest customers of your product?

Wheelytics's answer

Independent retail traders. Early-stage Wheel strategy enthusiasts. Self-directed IBKR investors

User comments

Share your experience with using Wheelytics and Option Explorer. For example, how are they different and which one is better?
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What are some alternatives?

When comparing Wheelytics and Option Explorer, you can also consider the following products

Track Theta - Import your covered sell put or sell call positions, track them in the options area and if assigned your future covered calls or puts would automatically be added under the same wheel so you can easily track your adjusted/break-even price

Option Tracker - Portfolio management and trade analytics for US options traders

ThetaPal - Track your options wheel strategy with AI-powered roll recommendations. Auto-sync from Schwab, Fidelity, Robinhood & 15+ brokerages. Monitor insider trades, politician trades, dividends, earnings, and more.

Optioneer - Options portfolio tracker for retail traders with real-time P&L, Greeks, and multi-leg strategy support.

Stoxes - Boost Your Income & Build Wealth: Discover high-yield dividends, income strategies, options trading tools, and top-quality stocks to drive financial growth.

CoverEdge - CoverEdge is the AI-powered Options Income Portfolio Management Software for covered call, cash-secured put, and wheel investors. Screener, Research, Rolls, Ledger-grade P&L. 14-day Pro trial, no credit card. 20+ US & Canadian broker sync.