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Days to Expiry
Option Selling Analyzer

Wheel Strategy Software That Builds Your Weekly Trade Plan Automatically

Connect your Interactive Brokers account and get a prioritised list of exactly which cash-secured puts and covered calls to sell — strikes, expiries, and position sizes — generated from your live portfolio every week.

Running the wheel across 10+ positions means hours every Sunday: pulling up each ticker, checking deltas, comparing strikes, deciding what to roll, what to open, what to leave. Most wheel traders end up with a messy spreadsheet, missed rolls, and inconsistent strike selection. Days to Expiry connects directly to your IBKR portfolio and does the analysis for you. It surfaces every position that needs action this week — new CSPs to open, covered calls to initiate after assignment, contracts nearing expiry that should be rolled — with a concrete recommendation for each.

The Problem: Stop Spending Sundays Planning Your Wheel Manually

1
Ticker-by-Ticker Screening — Pulling up each underlying in TWS to check deltas and compare strikes every week
2
Missed Roll Windows — No automated alert when a contract hits your 21-DTE or 50% max-profit exit rule
3
Inconsistent Strike Selection — Strike choices drift week to week without a systematic process
4
Assignment Delays — Getting assigned and not noticing fast enough to open the covered call leg

The Solution: What the Software Does for You Every Week

🔄 Real-Time IBKR Integration — Every open position, assignment, and expired contract reflected automatically

📋 Automated Trade Recommendations — Prioritised action list each week: new CSPs, covered call initiations, roll candidates

⚙️ Configurable Risk-Parameter Guardrails — Set target delta, DTE window, max OTM%, and minimum premium; only matching trades surface

🔔 Roll & Assignment Alerts — Monitors every contract against your exit rules and flags positions needing action before it's urgent

How It Works

1

Connect Your IBKR Portfolio

Link your Interactive Brokers account via the official API. Every open position, assignment, and expired contract syncs automatically — no CSV exports, no manual data entry.

2

Review Your Weekly Execution Plan

Each week Days to Expiry generates a prioritised action list: which underlyings to open new CSPs on, which assigned stocks are ready for covered calls, and which contracts are approaching your roll threshold — each with strike, expiry, and expected premium.

3

Configure Your Risk Parameters Once

Set your target delta, preferred DTE window (e.g. 30–45 days), max OTM percentage, and minimum premium threshold. The software uses these rules to filter every recommendation — you only see trades that fit your wheel parameters.

4

Act on Alerts, Not Surprises

Days to Expiry monitors every open contract against your exit rules and surfaces roll candidates automatically. Covered-call opportunities after assignment appear immediately so you re-enter the wheel without delay.

Key Metrics

Weekly Planning Time

~20 min

Setup Time

< 5 min

Manual Entry Required

Zero

Built For

Wheel only

Related Resources

Cash-Secured Put Scanner

Screen for wheel entry points across your watchlist

Covered Call Scanner

Find covered calls on assigned positions

IBKR Integration

How the live portfolio sync works

Pricing

Free to start — see plan options

Frequently Asked Questions

What wheel strategy software works with Interactive Brokers?

Days to Expiry is built specifically for IBKR. It connects via the IBKR Flex Query system to read your live portfolio and generate a weekly execution plan — no CSV exports or manual data entry needed. Most generic options tools don't integrate with IBKR at the position level.

Can I use this to run the wheel on individual stocks and ETFs?

Yes. Days to Expiry works with any optionable underlying in your IBKR account — individual stocks, ETFs, or a mix. You can configure different strike and expiry rules per underlying if your wheel parameters vary (e.g. tighter delta on index ETFs vs. individual names).

How is this different from just using a spreadsheet to track wheel trades?

A spreadsheet tracks history; Days to Expiry generates forward-looking trade recommendations. Instead of calculating next week's strikes yourself, the software reads your live positions and tells you exactly what to do — with roll alerts, assignment tracking, and premium targets automatically applied. It replaces the weekly analysis work, not just the record-keeping.

Ready to Get Started?

Join traders who are already using our tools to make better decisions.