Option Wheel Scanner
Screen wheel candidates by quality underlyings, put premium, assignment comfort, covered call yield, and liquidity.
Frequently asked questions
What delta is common for wheel puts?
Many traders review puts around 0.20 to 0.35 delta, but the right range depends on assignment comfort and premium goals.
Should I wheel any high-premium stock?
No. High premium often reflects high risk. Start with underlyings you are willing and able to own.