For US stock and options traders, beginner to veteran
Fair values on 7,000+ US stocks every night, a Wheel Score to rank them, put and call scanners with the numbers worked out, watchlists that alert you, a trade journal that reads your broker, and lessons that take you from zero to your first trade.
No card needed. The Quote page, Compare, Calendars and every lesson are free for everyone.
What's inside
A valuation service, a stock screener, an options scanner, a watchlist with alerts, a trading journal and a course - each one is normally its own subscription, with its own login and its own idea of what a stock is worth. Here they share one set of numbers.
Nine models - DCF, Graham, Peter Lynch, 10 Cap and more - blended into one fair value with a margin of safety for 7,000+ stocks, plus financial health, moat, insider and Congress activity. Free on every Quote page.
Value, health, moat, option premium and stability in one 0-100 number, with the breakdown a hover away. Sort any scan by it and the whole list ranks itself.
Screen by fair value, sector, country, scores, earnings and ex-dividend dates, then see the cash-secured put and covered call setups with premium, annualised return, distance and capital already worked out.
Unusual options volume, insider buying and Congressional trades, matched to the same valuation data so you can tell whether the big money is buying value or chasing.
Unlimited lists with 52-week range, fair value, notes and a target price per stock. The row shades as the price approaches, and an evening email tells you when it arrives or earnings are near.
Log each wheel leg by leg or let it read your Interactive Brokers account, test ideas in a sandbox first, and track your real equity with drawdown, win rate, ROA and an equity curve.
Our favorite trading strategy
The wheel trading strategy 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. This site is built to make this as easy as possible.
Run the Stocks scanner with your own limits - margin of safety, health, moat, no earnings inside the next month - and sort by Wheel Score. Put the best few per sector on a watchlist and compare them side by side.
The Options scanner lists the puts and calls on your watchlist stocks with premium, annualised return, distance from the price, capital needed and a warning when earnings fall before expiry. Try the trade in the journal's sandbox before you place it.
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 - and the Performance tab turns your daily equity into drawdowns, win rate, monthly ROA and an equity curve.
Why it exists
GLS Equity was built by a trader with more than twenty years in the markets who, like most people who take this seriously, ended up with a valuation service, a screener, an options scanner, a watchlist app and a journal spreadsheet - all with different numbers, separate logins and separate bills. It was confusing and expensive, and none of them talked to each other.
So the pieces were put in one place, on one set of nightly data, with the lessons written so that someone starting from zero can follow the same process an experienced trader uses. That's the whole idea.
Pricing
Start with a free account, upgrade when the scanners earn their keep.
Look around, learn, keep a list
or $39 / month billed annually ($468). Prices in USD.
Upgrade to Pro from your account page - secure card payment by Stripe. Cancel any time; annual plans have a 14-day refund - see Refunds & Cancellation.
Questions
Yes, if you're willing to learn before you trade. The Learning center covers everything from what is an option, to various different option strategies, including the Wheel strategy where it walks you through how to find a trade on the site step by step, with a testing sandbox so nothing real happens until you decide it should. Options can lose money quickly, so the lessons spend as much time on risk and position size as on the upside potential.
The data and the scanners. Nine valuation models on every stock each night, option setups with the return and capital already worked out, smart-money tabs where you can follow insider, institutions and congress trade flow, a journal that imports your Interactive Brokers fills and classifies the strategy, and an evening email with your positions marked at the close. You'll skip the lessons; everything else is built for exactly how you already work.
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, watchlists and journal 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 center 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.
Any broker that lets you trade US options. If you use Interactive Brokers, the journal can link to your account and import your daily equity and your trades automatically. With any other broker you log trades in the journal or upload a CSV, and enter your daily equity when you want the performance statistics.
No. A free account gets you the Quote page, Compare, a watchlist, every lesson and a preview of every scan. Pro unlocks the full scanners, unlimited watchlists with alerts, the journal and the evening email.
Yes, any time, from your account page. Monthly plans run to the end of the month you've paid for; annual plans have a 14-day refund window and then run to the end of the 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.