๐ก About This Project
A real-time decision tool to help you earn passive income on BTC using the Wheel options strategy
๐ก Why We Built This
You might be familiar with spot trading, futures, or even DeFi farming, but "options" sounds like another language โ Greek letters, implied volatility, strike prices...
In fact, there's an options strategy called Wheel that's incredibly simple:
When you have USDT, sell Puts (get paid to wait for a dip). When you hold BTC, sell Calls (get paid to wait for a pump). No matter what the market does, you collect "premium" at every step โ free extra income.
The question is: when to sell? Which contract? Is volatility high enough? Is the market fearful or greedy?
Checking Deribit's DVOL, Binance prices, Alternative.me's Fear & Greed Index, then manually calculating annualized yield and assignment probability โ it's exhausting.
This tool automates all of that. Open the page, see what to do at a glance.
๐งญ Core Philosophy
Sell Puts when others are fearful (buy the dip), sell Calls when others are greedy (sell the top), collect premium at every step.
This isn't about predicting price direction โ it's about earning extra premium on prices you'd buy/sell at anyway. The Wheel strategy turns "waiting" into "income."
๐ What It Does
๐
One-Click Decision
Tells you whether to sell Put, sell Call, or wait โ with reasoning
๐
Entry Signal Scoring
Quantifies BTC dip severity, DVOL spike, IVP percentile into 0-100 scores
๐
Contract Screener
Real-time Deribit BTC options chain, auto-filtered and ranked by risk preference
๐งฎ
P&L Calculator
Enter strike and premium, instantly see P&L curve and annualized yield
๐
DVOL / Fear & Greed Charts
90-day trend charts for volatility and market sentiment
๐
BTC Rainbow Chart
Log regression long-term valuation model โ undervalued, fair, or bubble?
๐
Beginner Tutorials
4 expandable guides with concrete examples for every step of Wheel
โ
Module Help Tooltips
Question mark on every chart module โ hover for "how to read, how to use"
๐ฏ Who Is It For?
โ Hold BTC and want extra yield
โ USDT idle and want to buy dips
โ Heard of options but never traded
โ Experienced and want to save research time
โ Want high leverage directional bets
โ Unwilling to learn basics
The Wheel is a conservative options selling strategy focused on steady premium income, not outsized gains.
๐ก Data Sources
All data from free public APIs, real-time, no login required:
โ ๏ธ Risk Disclaimer: This tool is for reference only and does not constitute investment advice. Options trading involves margin and potentially large losses. Make sure you understand the risks of the Wheel strategy (especially Sell Put risk during sharp BTC drops), and only use funds you can afford to lose.