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Find Your Next Wheel Strategy Trade

Screen thousands of options to find the perfect cash-secured puts and covered calls for your portfolio. The wheel strategy generates consistent income by cycling between selling puts and covered calls.

Options Screener

Configure your filters to find options that match your criteria.

Basic Settings
Enter the stock ticker symbol you want to screen (e.g., AAPL, TSLA, SPY)
Select 'Put' to find options for starting the wheel, or 'Call' for covered calls on shares you own
Filter for options expiring on a specific date
Time & Premium
Minimum Days To Expiration - how soon the option can expire
days
Maximum Days To Expiration - useful for targeting specific timeframes (e.g., 30-45 DTE is popular)
days
Minimum option premium - filter out options that pay too little
$
Maximum option premium - useful for targeting specific income levels
$
Strike & Returns
Use 'Bid' for realistic fill prices when selling, 'Ask' when buying, or 'Midpoint' for the midpoint
Minimum strike price to consider
$
Maximum strike price - useful for staying within your capital limits
$
Minimum percentage Out of The Money - higher values = more downside protection (enter 5 for 5%)
%
Minimum premium as a percentage of the strike price - ensures adequate return (enter 1 for 1%)
%
Liquidity
Minimum trading volume - higher volume means better liquidity
Maximum trading volume
Minimum open interest - higher OI means more active contracts
Maximum open interest

AAPL

$237.59 +1.24%
6 Results Last Updated: 11:45 AM EST
TypeStrike% AwayExpDTELastBid/AskVolOIDelta
PUT$225.005.30%Feb 2128$2.85$2.80 / $2.901,2458,432-0.22
PUT$220.007.40%Feb 2128$1.92$1.88 / $1.9689212,105-0.16
PUT$215.009.51%Feb 2128$1.25$1.22 / $1.285679,876-0.12

Sample Data: Enter a symbol and click "Search Options" to see real-time options data.

How to Use This Screener

  • 1 Enter a symbol for a stock you would be comfortable owning for the long term (e.g., AAPL, MSFT, JPM).
  • 2 Select Put to find cash-secured puts to start the wheel, or Call if you already own shares.
  • 3 Set your DTE range - most wheel traders target 30-45 days to expiration for optimal theta decay.
  • 4 Filter by % OTM - 5-10% out of the money provides a good balance between premium and safety.

What Is the Wheel Strategy?

The wheel strategy is a systematic approach to options trading that generates income by cycling between two phases: selling cash-secured puts and selling covered calls. You start by selling puts on stocks you want to own, collecting premium. If assigned, you sell covered calls until shares are called away, then repeat.

This strategy works because time decay (theta) is always in your favor, regardless of which phase you are in. It is one of the most reliable income-generating approaches for options traders.

Read the Complete Wheel Strategy Guide

Master the Wheel Strategy

Finding good options is just the first step. Learn how to execute the complete wheel strategy with confidence.

14+ Hours of Content

In-depth video lessons covering every aspect of options trading

Real Trade Alerts

See every trade I make with full transparency on wins and losses

1,200+ Students

Join a community of traders learning to generate consistent income

"Strategies taught in this course are very effective. I have seen a significant improvement in my trading results."

- Lucas Bennett, Course Student

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