Use QuantWheel's free options trading tools to measure gamma exposure, compare max pain, model strategies, plan wheel trades, evaluate rolls, and track cost basis. Choose the job you need, open the tool, and follow the inputs shown on its page.
Free options tools
Start with what you need to understand. Each tool page explains the inputs, the output, and the limits of the calculation.
Review options positioning, expiration structure, and earnings expectations before you plan a trade.
Calculate modeled gamma exposure by strike across selected expirations.
Use when you want a strike-level GEX profile.
Compare modeled gamma exposure across strikes and expirations in one grid.
Use when the expiration breakdown matters.
Find the candidate strike with the lowest combined call and put intrinsic value.
Use when you are comparing one options expiration.
Compare options-implied earnings moves with historical earnings behavior.
Use when you are preparing for an earnings event.
Model a position, compare structures, and evaluate a possible roll before acting.
Model option value, Greeks, breakevens, and profit or loss across prices.
Use when you want to test a position before trading.
Build and compare multi-leg option structures with a visual payoff view.
Use when you are choosing between strategy structures.
Compare roll opportunities for an existing options position.
Use when you are deciding whether and where to roll.
Plan cash-secured puts, understand assignment, and keep your position economics clear.
Estimate premium, breakeven, assignment, and covered-call scenarios for the wheel.
Use when you are planning the complete wheel sequence.
Calculate premium, breakeven, cash required, and assignment economics.
Use when you are evaluating a cash-secured put.
Track adjusted stock cost basis after option premium and assignment.
Use when you need the true economics of an assigned position.
Ticker and tool pages
Open a tool for a specific ticker when you already know the symbol and the analysis you want. Only combinations with a supported tool result are eligible for publication.
Clear access rules
Every tool listed here has a free starting point. Some tools have daily calculation limits, account requirements, or paid features.
The individual tool page is the source of truth for its current access. QuantWheel does not describe a tool as unlimited unless the linked destination actually provides unlimited access.
Review the mechanics behind gamma, options Greeks, and the wheel strategy before using the related tools.
Questions
The best free options trading tool depends on the decision you need to review. Useful choices include GEX and Max Pain tools for options positioning, profit and strategy calculators for trade planning, and wheel, roll, and cost-basis calculators for position management. Every QuantWheel tool listed here has a free starting point.
Enter the ticker, option type, strike, expiration, premium, and number of contracts in an options profit calculator. QuantWheel then models the position's value, breakeven, Greeks, and profit or loss across different prices. The result is an estimate and can differ from the price at which a trade is executed.
Start with the stock, your directional outlook, and any share-ownership or assignment preferences. The QuantWheel Strategy Explorer can suggest structures to compare, while the Options Profit Calculator lets you model selected legs and review their payoff. A comparison supports analysis but does not determine which trade is suitable for you.
Gamma exposure, or GEX, estimates how option delta may change as the underlying price moves. Enter a ticker in the QuantWheel GEX Calculator, choose one or more expirations, and generate the strike-level chart. GEX is modeled from listed options data and is not a direct observation of dealer inventory.
A GEX chart shows modeled gamma exposure across strikes for the expirations you select. A GEX heatmap separates that exposure by both strike and expiration, making it easier to compare where gamma is concentrated across the expiration structure. Both views use modeled options data and should be interpreted as context.
Options max pain is the strike where the combined open-interest-weighted intrinsic value of calls and puts is lowest for a selected expiration. It does not predict where a stock will close. Use the QuantWheel Max Pain Calculator as one piece of options-positioning context, not as a price target or standalone signal.
An earnings expected-move scanner uses option prices to estimate the move implied by the market before an earnings event. QuantWheel lets you compare that implied move with the stock's historical earnings behavior and review ranked opportunities. The estimate describes option pricing and does not predict the direction or size of the actual move.
Start with the share purchase or assignment cost, then subtract net option premium received and include any relevant fees or adjustments. The QuantWheel Cost Basis Calculator organizes these entries and calculates an adjusted breakeven for position tracking. Your official tax basis may be different, so use tax records for tax reporting.
