FAQ - Wheel Strategy Screener

Why is this called a wheel strategy?: It is a repeatable options workflow that usually starts with selling cash-secured puts on stocks you would be willing to own, then selling covered calls if shares are assigned or already owned. It can generate premium, but it still has market, assignment, liquidity, and opportunity-cost risk.
What is the difference between CSP and CC mode?: CSP Manual starts from typed symbols, while CSP Auto starts from a saved Robinhood screener. CC Manual starts from covered-call rows you type, while CC Auto imports stock positions from Robinhood, then evaluates Sell Call quotes for positions you already own.
What does Scan vs Refresh mean?: Scan is the first data collection for the active strategy. Once data exists, the button becomes Refresh and rereads Robinhood screeners or CC symbols, TradingView data, and option chains.
Why does the site open a Command Center first?: The Command Center keeps the private beta simple: choose CSP Dashboard or CC Dashboard. Returning users who open the root page resume the last selected strategy, while the Home button returns to the Command Center without auto-resume.
Why do I need the Chrome helper?: Robinhood does not provide a public screener, account-position, and option-chain API for this workflow. The helper reads visible symbols, stock position rows, and quote values from your logged-in Chrome tab.
What does Helper Health check?: Helper Health checks whether the extension bridge answers, which helper version is loaded, whether a Robinhood tab is open, whether CC Auto is on robinhood.com/account/investing, and whether the app server health endpoint answers.
Does the site receive my Robinhood password, MFA code, or cookies?: No. The helper runs locally in Chrome. It sends symbols and option quote values for calculation, not Robinhood passwords, MFA codes, cookies, or account sessions.
Where are my saved CSP screener names stored?: They are stored in browser localStorage on your device. They are not global website settings and are not written to the server.
Do covered-call rows stay after refreshing the page?: Yes. Symbol, Average Cost, and Contracts are saved locally in your browser. Scanned TradingView rows, imported Robinhood positions, and Robinhood option quotes are not persisted.
How are Auto CC positions converted to contracts?: The helper imports symbol, shares, and average cost from every account it can select. Contracts are floored whole contracts: shares divided by 100. Rows below 100 shares stay visible with 0 contracts, but they are not used for covered-call scans.
Can I enter duplicate covered-call tickers?: Yes. Multiple rows can use the same symbol with different average costs or contract counts. The helper reads that symbol's option chain once per Scan or Refresh, then the server applies the shared quote list to each row.
Why can option-chain reads feel slow?: The helper opens Robinhood option chains and scrolls the default expiration to capture visible quotes. Keep Robinhood open and avoid interacting with the tab during a scan.
What does SKIP mean?: In CSP mode, SKIP means TradingView passed but no below-current Sell Put met the selected Return, Chance, or Both rule. In CC mode, SKIP means no usable positive-bid call quote was available under the covered-call strike rules.
What does Chance % mean?: The dashboard can select options by Return, Chance, or Both. Chance % defaults to 10, which means the app looks for Robinhood Chance of Profit at or above 90% because the target is calculated as 100 minus the Chance % input. Both mode tries to satisfy return and chance together, then uses the closest available quote if no strike satisfies both.
Why can an eligible CSP row still be Unused?: CSP contracts require cash collateral equal to strike times 100. If the normal allocation cannot fit a contract, small portfolios get a fallback pass that assigns one affordable contract at a time in scan order. Rows that still cannot fit remain Unused.
What does Unavailable mean?: TradingView data or Robinhood option quotes could not be read for that row. Keep Robinhood open, confirm the symbol or screener exists, and try Refresh.
Why do I sometimes see current-only data?: TradingView may expose current price even when analyst target data is missing. CC mode can still evaluate calls using the current price when available and leaves Min, Avg, and Max blank. CSP mode shows current-only rows as Unavailable because CSP eligibility requires the minimum target above current price.
Can quotes be stale or incomplete?: Yes. TradingView data and Robinhood option quotes can be delayed, unavailable, or incomplete. Always verify live quotes, spread, expiration, liquidity, and order details in your brokerage before trading.
What does settings export include?: Export includes strategy settings such as CSP screener names, selected data source, Manual/Auto strategy source modes, portfolio value, return targets, the Return/Chance/Both rule, and Chance % input. Older exported screener or robinhood source values import as Auto. It excludes covered-call rows, scan results, Robinhood quotes, helper status, and CSV output.
How do I reset local settings?: Clear this site's browser data or localStorage. That resets saved CSP screener names and covered-call rows on that browser/device only.