LOCAL-FIRST · PAPER-ONLY
Build the habit before you risk the capital.
Options Wheelhouse helps self-directed traders explore options strategies, create repeatable paper-trading schedules, and review every run from one calm, auditable workspace.
No brokerage services. No investment advice. No live-money order execution.
PAST 30 DAYSToday$84.20 This month$612.45 Runs24
Paper performance
Illustrative paper-trading data
🔒 AES-256-GCM credential encryption◌ Approval-first workflow⌁ Detailed run history○ Alpaca Paper only
ONE OPERATING SYSTEM FOR PRACTICE
Structure for every paper trade.
Turn strategy ideas into a repeatable process while keeping the final judgment in your hands.
Encrypted account vault
Connect one or more Alpaca Paper accounts. API credentials are encrypted on disk and decrypted only while your local server is unlocked. Your vault passphrase is never stored.
Flexible strategy schedules
Run once at a chosen time or repeat during market hours. Configure days, symbols or lists, DTE, delta, liquidity, allocation, contract count, profit targets, stop losses, and time-based exits where supported.
Human approval controls
Keep order approval required while you evaluate each proposed paper order, or enable automatic submission to Alpaca Paper after you understand the settings and risks.
Target-list scanning
Build reusable symbol lists or schedule ranked market scans. Each successful scan publishes a timestamped list without automatically launching a strategy.
Audit-ready history
Review manual and scheduled runs with status, results, account, symbol, premium, and execution details. Filter activity and remove selected records when needed.
Performance summaries
Explore recorded net premium by day, week, month, account, strategy, and symbol. Results are informational and reflect paper activity—not verified live returns.
MODULAR BY DESIGN
Start simple. Add only what you need.
Wheel Strategy
Explore cash-secured puts and covered calls through a guided paper workflow.
Covered Calls
Sell one simulated OTM call per 100 owned paper shares.
Cash-Secured Puts
Model put premium while reserving paper cash for assignment.
Put Credit Spreads
Practice defined-risk, same-expiration put spreads.
Iron Condors
Explore defined-risk put and call credit spreads together.
Calendar Spreads
Compare near- and farther-dated options at the same strike.
Protective Collar
Pair a protective put with a covered call around paper shares.
Poor Man’s Covered Call
Model a long-dated call paired with a nearer short call.
Broken-Wing Butterfly
Practice asymmetric, defined-risk four-leg structures.
Short Strangles
Study an undefined-risk strategy in a paper-only environment. Requires especially careful sizing and supervision.
KNOW THE BOUNDARY
Your keys stay local. Your judgment stays essential.
Options Wheelhouse runs on your machine. Scheduled work pauses when the server or encrypted vault is locked. The current release can submit orders only to an Alpaca Paper account.
Alpaca Live, Tradier, and Interactive Brokers may appear as planned integrations, but they cannot receive orders in this release. Options Wheelhouse is independent and is not endorsed by or affiliated with those brokers.
Important risk disclosure
Options involve substantial risk and are not suitable for every investor. Paper trading is a simulation: fills, liquidity, slippage, assignment, taxes, market impact, and emotional decision-making can differ materially from live trading. No strategy, scan, metric, or example guarantees a profit or prevents loss.
Read the full risk disclosure →CLEAR, MODULAR PRICING
Use the core for free. Expand deliberately.
Prices shown in USD. Taxes may apply. Final pricing and renewal terms are shown at checkout.
Free edition
$0
- Wheel Strategy
- Most-Active list generator
- 1 paper broker account
- 5 combined runs per UTC day
Strategy modules
$29–$49 one time
- Install individual strategies
- No bundle required
- Signed offline license
- Runs locally
List generators
$19 one time
- Strategy-specific rankings
- Manual or scheduled scans
- Timestamped immutable lists
- Separate from trade execution
Capacity
$5–$29 / month
- 10 runs/day: $9/month
- 15 runs/day: $15/month
- Unlimited runs: $29/month
- Extra account: $5/month each
One-time purchases grant a license to the purchased module for the supported version, subject to the Terms. Subscriptions continue until canceled. See the Refund & cancellation policy.
READY WHEN YOU ARE
Make your next trade a paper trade.
Run Options Wheelhouse locally with Node.js 18+ and connect your own Alpaca Paper account.