How OptionScout finds the best Wheel Strategy candidates

The Wheel is a three-step put-then-call cycle — and the screener is just a ranking engine that decides which tickers are most attractive to open step one on this week.

1. What the Wheel is

Cash-secured puts → assignment → covered calls, on repeat.

Sell a cash-secured put, collect premium, wait.

If it expires worthless, repeat. If you're assigned, you now own 100 shares at the strike — covered from day one.

Then sell a covered call against those shares to collect another premium, and the cycle continues.

2. How the screener surfaces candidates

Ranked top-10 each run on a 100-name universe.

The rank blends three signals: implied-volatility rank, annualised premium yield, and delta proximity to a balanced spot.

Filter live on 30–45 DTE cash-secured puts struck near a −0.30 delta — the sweet spot for premium-per-day without over-reaching for assignment.

Tickers that score well across all three float to the top of the table.

3. Run a scan

See today's ranked top-10 in under a minute.

Free accounts can run the live screener, browse the top-10 ranked universe, and skim the math behind each row.

Open the screener