Wheelytics

Hi Indie Hackers! 👋

I’m the founder of Wheelytics, a tracking tool for options traders using the "Wheel Strategy" (Covered Calls/CSPs). Today, I officially launched a massive update that changed the core philosophy of the product.

The Problem: Being a "Trade Log" wasn't enough.

For a long time, Wheelytics was essentially a beautiful version of a trade journal. It listed transactions, calculated basic P&L, and kept things organized.

But I realized something by lurking in subreddits like r/thetagang: Traders don't think in "trades"—they think in "cycles."

When a trader sells a Put, gets assigned, sells Calls, and then rolls those calls for weeks—that’s not 10 separate events. It’s one single, continuous story with an adjusted cost basis. Most tools (and brokers) break this story into pieces, leaving traders to fix it in "Spreadsheet Hell."

The Solution: Moving to a Cycle-Oriented Model

I decided to stop being a general trade tracker and rebuilt the dashboard to understand the The Wheel Strategy natively.

What we changed:

• Native Cycle Stitching: The system now automatically links rolls, assignments, and expirations into one "Cycle" card.

• True Adjusted Cost Basis: We moved away from simple P&L to a model that tracks how every premium collected lowers the cost basis of the underlying stock.

• High-Density UI: I realized traders hate whitespace. They want data. I tightened the UI, removed redundant descriptions, and replaced noise with "Action Required" status tags.

The "Aha!" Moment

The best feedback I got during beta was: "Finally, a tool that speaks Wheel fluently." By leaning into the niche slang (like using "21 DTE" for trial periods) and focusing on the specific mechanics of one strategy, the product went from "nice to have" to "essential."

My Lesson for IH:

If you are building for a niche, don't be afraid to be too specific. General tools are easy to ignore. Tools that understand the "unwritten rules" of a community are the ones that stick.

I’d love to hear your thoughts on radical dashboard redesigns! Have you ever had to move from a "list view" to a more "complex logic" view for your users?

https://wheelytics.com/demo

Small but meaningful update to the Wheelytics dashboard this week.

I finally added detailed assignment info — so when your shares get called away, you now see exactly how the profit was calculated: assignment price, cost basis, number of shares, and premiums from expired calls. Makes it way easier to understand the real outcome of each cycle (screenshot belos 👇).

Also brought the P&L Balance column. It shows your profit after each trade.

This should make it easier to track the full lifecycle of a wheel strategy — especially when you’re managing multiple positions.

More polish coming soon. But for now, this already feels like a big step forward.

🎉 Yesterday was a big day — the first two users fully set up their dashboards on Wheelytics and started actually using it to track their trades.

Not just registrations, but real usage. Felt surprisingly amazing.

Also — shoutout to someone who messaged me saying:

“Everyone who sells options prefers dark mode. It’s a fact.”

And honestly… fair point.

So I added dark theme support the same evening. Small thing, but felt like a real moment of connection with a fellow trader.

Moral of the story:

Good feedback = gold.

Even a one-liner can spark something real.

Onward 🚀

The good news: registrations are coming in.

The weird part: zero users have connected their IBKR trades so far.

Not sure if it’s a UX issue, a timing thing, or if most of them don’t use IBKR at all. Either way… mystery for now.

Digging in 👀

Hi all,

I've been trading options using the Wheel strategy for a while and got tired of spreadsheets, so I built a simple dashboard that tracks trades, groups them by strike/symbol, and calculates cashflow, P&L and AR%.

It currently works with IBKR Flex reports, and it's still in early beta.

You can try the demo here (no signup needed): https://wheelytics.com/demo

Would love any feedback, thoughts, or suggestions — especially from fellow option sellers!

Thanks 🙌