For traders who sell puts and calls on stocks they'd happily own
GLS Equity values 7,000+ US stocks every night, scores each one for the wheel, finds the option setups worth selling, and keeps your journal and equity curve honest — all in one place.
No card needed. The Quote page, Compare, Calendars and Learning are free for everyone.
How the wheel works here
The wheel is simple: sell a put on a stock you'd like to own, get paid to wait, and if you're assigned, sell calls until it's called away. The hard parts are picking the right stock, the right price, and knowing whether it's actually working. That's what the site is for.
Every night the valuation engine runs nine models on 7,000+ stocks — DCF, Graham, Peter Lynch, 10 Cap and more — and blends them into one fair value with a margin of safety. Health, moat, insider and Congress activity sit alongside. The Wheel Score turns all of it into one 0–100 number so you can rank a whole scan in a glance.
Open the scanners →The options scanners list the cash-secured put and covered call setups with the premium, return and annualised yield already worked out, filtered by delta, days to expiry and how far under fair value the strike sits. Watchlists hold your candidates with a target price and turn amber as it gets close, green when it hits.
See watchlists →The journal follows each wheel from the first put through assignment and the calls after it — capital at risk, break-even, live P&L, annualised return. The Performance tab logs your daily equity and gives you the statistics a spreadsheet never quite managed: drawdowns, win rate, monthly ROA and an equity curve.
Open the journal →What's inside
Value, health, moat, premium and stability blended into one number, with the breakdown one hover away. Sort any scan by it.
Screen 7,000+ stocks by fair value, sector, scores and options availability, then jump to the put and call setups with the numbers done.
Unusual options volume, insider buying and Congressional trades, matched to the same valuation data so you can see whether the big money is buying value or chasing.
Unlimited lists, 52-week range, GLS fair value, notes, and a target price per stock that shades the row as the price approaches and alerts you when it arrives.
Log each wheel leg by leg, copy ideas into a sandbox, and track your real account equity with drawdown, ROA and monthly statistics.
Eight stocks side by side across every model and metric, and a free Quote page with charts, financials, holders and news for any US ticker.
Pricing
Start with a free account, upgrade when the scanners earn their keep.
Look around, keep a list
or $39 / month billed annually ($468)
Payments open shortly. Founders are emailed first.
Questions
Prices, financials and option chains come from institutional market-data providers. The valuation engine re-runs every night after the close, the option setups are rebuilt daily, and live prices on the Quote page and watchlists refresh while you're looking at them.
You sell a cash-secured put on a stock you'd be happy to own, below today's price, and collect the premium. If the stock stays above the strike, the put expires and you keep the cash. If it falls through, you're assigned the shares at a discount and sell covered calls on them, collecting more premium until the shares are called away. The Learning centre walks through it properly, with the risks.
No. GLS Equity is a set of tools and data. Nothing on the site is a recommendation to buy or sell anything, and options can lose you money quickly. You make the decisions; the site makes them better informed.
No. A free account gets you the Quote page, Compare, a watchlist and a preview of every scan. Pro unlocks the full scanners, unlimited watchlists with alerts and the journal.
Any broker that lets you trade US options. The site doesn't connect to your broker; you log trades in the journal (or import a CSV) and enter your daily equity when you want the performance statistics.
Yes, any time, from your account page. Annual plans run to the end of the paid year.
Create a free account, sort the scanner by Wheel Score, and see which stocks are worth owning at a discount right now.
Start freeQuestions first? Get in touch - a real trader answers.