ThetaScanner
thetascanner.com
Low-cost wheel strategy screener ranking cash-secured puts and covered calls across 1,400+ tickers, with a built-in trade journal and wheel tracker.
What it is
ThetaScanner is built for option sellers, specifically traders running the wheel: sell a cash-secured put, take assignment if it comes, then sell covered calls against the shares. Its screener covers more than 100,000 contracts on over 1,400 US tickers and filters by ROI, annualized return, delta, theta, implied volatility, days to expiration, liquidity and earnings dates. On top of that sit a CSP Finder that turns a cash amount into a suggested put portfolio, a Covered Call Finder for shares you already hold, and curated views of top yields, most-traded contracts and in-house picks scored out of 100.
The free plan needs no card but is limited to 12 large tickers (AAPL, TSLA, NVDA, SPY, QQQ and others) and shows only the first few results in each view. Pro, at $5.99 a month or $60 a year, opens every ticker and filter, the full CSP and covered call builders, and a trading journal with portfolio analytics and a wheel cycle tracker.
Know before you pay that the data is not live: prices are delayed about 15 minutes and refreshed roughly every 15 minutes during market hours, plus an overnight update. That suits end-of-day or once-a-session premium selling, not scalping fills. There is no broker connection; trades are logged by hand or imported from CSV.
Key features
- Options screener
- More than 100,000 contracts across 1,400+ tickers, with 20+ filters covering greeks, IV, ROI, annualized yield, DTE, fundamentals and technicals.
- CSP Finder
- Enter available cash and risk preferences and it proposes a portfolio of cash-secured puts with portfolio-level metrics. Free users see one result.
- Covered Call Finder
- Enter a ticker and cost basis to get covered call candidates under three strategies, avoiding strikes that would lock in a loss below cost basis.
- ThetaScanner Picks
- Setups scoring above 75 on its own engine, auto-filtered for bid-ask spread of 10% or less, 30 DTE or less and at least 1% out of the money.
- Ticker deep dive
- Per-ticker view with max pain, net flow, an open interest chart, analyst ratings, a technical scorecard and three proprietary scores.
- Trading journal and wheel tracker
- Pro includes a five-tab journal with open positions and P&L, portfolio analytics, CSV import and export, and automatic tracking of put-assignment-call cycles with adjusted cost basis.
Pricing
| Plan | Price | What you get |
|---|---|---|
| Free | $0 | 12 major tickers, core filters, first 3 results in curated views, 1 CSP and 1 covered call result |
| Pro | $5.99/mo or $60/yr | All 1,400+ tickers and filters, full CSP and covered call finders, journal, analytics, wheel tracker, watchlists |
The monthly Pro plan starts with a 7-day free trial. Subscriptions renew automatically; cancellation takes effect at the end of the billing period. Payments go through Stripe.
Free option: No card needed: the core scanner (ROI, delta, theta, IV and DTE filters) on 12 large tickers, the first three results in Top Yields, Most Traded and Picks, and one-result previews of the CSP and covered call finders.
Checked September 25, 2026 on thetascanner.com. Prices change; confirm on the provider's site before you subscribe.
Strengths
- Focused entirely on put selling, covered calls and the wheel, rather than a general options toolkit
- Pro costs $5.99 a month, well below most options analytics tools
- Portfolio builders turn a cash amount or share position into concrete candidates
- Journal and wheel tracker keep adjusted cost basis across assignment cycles
Limitations
- Data is delayed about 15 minutes and refreshed roughly every 15 minutes, so quotes are not live
- The free plan covers only 12 tickers and truncates most results
- No broker integration: trades are entered by hand or by CSV import
- Built for single-leg premium selling; spreads and other multi-leg strategies are not its focus
Good fit for
- Wheel traders selling cash-secured puts and covered calls
- Income-focused investors comparing premium yield across many tickers
- Small accounts that want a screener and journal without a large subscription
Look elsewhere if
- Day traders who need real-time options quotes
- Traders building multi-leg or volatility strategies who need a broader analytics platform
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ThetaScanner questions
How much does ThetaScanner cost?
Pro is $5.99 a month with a 7-day free trial, or $60 a year. A free plan with 12 major tickers needs no credit card.
Is ThetaScanner data real time?
No. Options data is delayed about 15 minutes and refreshed roughly every 15 minutes during market hours, with an extra overnight update.
What strategies does ThetaScanner support?
It is built for the wheel: cash-secured puts and covered calls, with finders for each and a tracker for put, assignment and call cycles.
Which tickers are in the ThetaScanner free plan?
AAPL, TSLA, NVDA, MSFT, AMZN, META, GOOG, SPY, QQQ, COIN, HOOD and GME. Pro unlocks all 1,400+ tickers.
Does ThetaScanner connect to my broker?
No. The Pro trading journal takes manual entries or a CSV import of past trades.
Written from ThetaScanner's own website and documentation. All Trading Tools lists and compares tools; it does not recommend trades or give financial advice. Sources: thetascanner.com.