Wheel Strategy Scanner
Wheel strategy scanner for cash-secured puts and covered calls. Find stocks with great premium yields for consistent income generation.
Frequently asked questions
How much capital do I need for the wheel?
You need 100x the strike price in cash for cash-secured puts. For example, a $50 strike put requires $5,000.
What's a good premium target for wheel trades?
Aim for 1-2% premium relative to the strike price per month, or 12-24% annualized.
How do I scan for wheel candidates?
Filter for stocks with good fundamentals, IV percentile 20-50%, put delta around 0.25-0.35, and monthly expirations.