Start the Wheel with a better shortlist.

Wheel Strategy Screener for U.S. & Canadian Cash-Secured Puts

Cash-secured put candidates across U.S. and Canadian stocks and ETFs, screened for stability, trend, liquidity, affordability, and option-chain quality.

View scanner results

Our approach

Why this Screener?

Different Wheel approaches produce different candidates. A search for very short expirations or the highest premiums can lead to volatile stocks. Our screener is built for investors who prefer a more measured approach: start with established companies and ETFs, then check the share-price trend, option activity, and cash needed for one contract.

Audience

Who this is for

This screener is for people who are learning the Wheel strategy and for investors who already use it but want a faster way to begin their research. It can help if you understand the basic idea of a cash-secured put but are not sure which stock, strike price, or expiration date to look at first.

It is designed with smaller accounts in mind. You can begin using the Wheel with a budget under $10,000, as long as the cash needed for the contract fits your account.

Instead of searching through the market on your own, you get a short list of ideas to review. The list is a starting point for your research, not personal financial advice or a signal to trade.

Method

How our scanner works

The scanner starts with a selected list of established U.S. and Canadian stocks and ETFs. It uses the same rules for every company. First, it checks for an active options market, a stable or rising price trend, and a share price that fits the account size we serve. Stocks that do not pass these checks are removed.

Next, it reviews the available put options. It looks at expiration dates, delta, bid and ask prices, open interest, and trading volume. It also checks that one contract generally needs between $2,000 and $10,000 in secured cash. The options that pass are ranked and shown in a short list.

Always confirm the live price and contract details with your broker before trading.

Learn how to choose stocks for the Wheel strategy.

Scanner output

Latest scanner results

We run and publish the U.S. and Canadian scanners several times per day during their respective market hours. Because the two markets follow different holiday calendars - and results can change as prices move - it may be worth checking back later for a newer snapshot.

Each market is shown separately so CAD and USD are never combined. These are neutral scanner results, not personalized recommendations.

United States

Currency: USD

(Available to traders worldwide through brokers offering access to U.S. options markets.)

PUT option filterLatest published snapshot:
PutStrike
ISHARES MSCI BRAZIL ETF$37.25Oct 23, 202622 days$33.000.153$381.15%$3,300
ISHARES MSCI BRAZIL ETF$37.25Oct 23, 202622 days$33.500.184$481.42%$3,350
ISHARES MSCI BRAZIL ETF$37.25Oct 23, 202622 days$34.000.212$551.63%$3,400
ISHARES MSCI BRAZIL ETF$37.25Oct 30, 202629 days$32.000.172$641.98%$3,200
ISHARES MSCI BRAZIL ETF$37.25Oct 30, 202629 days$32.500.194$732.25%$3,250
ISHARES MSCI BRAZIL ETF$37.25Oct 30, 202629 days$33.000.22$862.61%$3,300
ISHARES MSCI BRAZIL ETF$37.25Oct 30, 202629 days$33.500.247$1013.01%$3,350
ISHARES MSCI BRAZIL ETF$37.25Nov 6, 202636 days$32.000.18$702.19%$3,200
ISHARES MSCI BRAZIL ETF$37.25Nov 6, 202636 days$32.500.202$802.46%$3,250
ISHARES MSCI BRAZIL ETF$37.25Nov 6, 202636 days$33.000.226$932.8%$3,300
For more detail and sortable results, view this page on a desktop or laptop with a wide screen.

PUT option filterLatest published snapshot:

  1. EWZ

    ISHARES MSCI BRAZIL ETF

    PutOct 23, 202622 days
    Price
    $37.25
    Strike
    $33.00
    Delta
    0.153
    Est. credit
    $38
    Return
    1.15%
    Cash required
    $3,300
    IV Rank
  2. EWZ

    ISHARES MSCI BRAZIL ETF

    PutOct 23, 202622 days
    Price
    $37.25
    Strike
    $33.50
    Delta
    0.184
    Est. credit
    $48
    Return
    1.42%
    Cash required
    $3,350
    IV Rank
  3. EWZ

    ISHARES MSCI BRAZIL ETF

    PutOct 23, 202622 days
    Price
    $37.25
    Strike
    $34.00
    Delta
    0.212
    Est. credit
    $55
    Return
    1.63%
    Cash required
    $3,400
    IV Rank
  4. EWZ

    ISHARES MSCI BRAZIL ETF

    PutOct 30, 202629 days
    Price
    $37.25
    Strike
    $32.00
    Delta
    0.172
    Est. credit
    $64
    Return
    1.98%
    Cash required
    $3,200
    IV Rank
  5. EWZ

    ISHARES MSCI BRAZIL ETF

    PutOct 30, 202629 days
    Price
    $37.25
    Strike
    $32.50
    Delta
    0.194
    Est. credit
    $73
    Return
    2.25%
    Cash required
    $3,250
    IV Rank
  6. EWZ

    ISHARES MSCI BRAZIL ETF

    PutOct 30, 202629 days
    Price
    $37.25
    Strike
    $33.00
    Delta
    0.22
    Est. credit
    $86
    Return
    2.61%
    Cash required
    $3,300
    IV Rank
  7. EWZ

    ISHARES MSCI BRAZIL ETF

    PutOct 30, 202629 days
    Price
    $37.25
    Strike
    $33.50
    Delta
    0.247
    Est. credit
    $101
    Return
    3.01%
    Cash required
    $3,350
    IV Rank
  8. EWZ

    ISHARES MSCI BRAZIL ETF

    PutNov 6, 202636 days
    Price
    $37.25
    Strike
    $32.00
    Delta
    0.18
    Est. credit
    $70
    Return
    2.19%
    Cash required
    $3,200
    IV Rank
  9. EWZ

    ISHARES MSCI BRAZIL ETF

    PutNov 6, 202636 days
    Price
    $37.25
    Strike
    $32.50
    Delta
    0.202
    Est. credit
    $80
    Return
    2.46%
    Cash required
    $3,250
    IV Rank
  10. EWZ

    ISHARES MSCI BRAZIL ETF

    PutNov 6, 202636 days
    Price
    $37.25
    Strike
    $33.00
    Delta
    0.226
    Est. credit
    $93
    Return
    2.8%
    Cash required
    $3,300
    IV Rank

Canada

Currency: CAD

PUT option filterLatest published snapshot:
PutStrike
CENOVUS ENERGY$44.24Oct 23, 202622 days$42.000.206$511.21%$4,200
CENOVUS ENERGY$44.24Oct 23, 202622 days$42.500.239$601.41%$4,250
CENOVUS ENERGY$44.24Nov 6, 202636 days$41.500.235$852.04%$4,150
TECK RESOURCES SUBORDINATE VOTING$93.70Oct 23, 202622 days$85.000.197$1191.39%$8,500
TECK RESOURCES SUBORDINATE VOTING$93.70Oct 23, 202622 days$86.000.225$1391.61%$8,600
TECK RESOURCES SUBORDINATE VOTING$93.70Oct 30, 202629 days$85.000.224$1621.9%$8,500
For more detail and sortable results, view this page on a desktop or laptop with a wide screen.

PUT option filterLatest published snapshot:

  1. CVE.TO

    CENOVUS ENERGY

    PutOct 23, 202622 days
    Price
    $44.24
    Strike
    $42.00
    Delta
    0.206
    Est. credit
    $51
    Return
    1.21%
    Cash required
    $4,200
  2. CVE.TO

    CENOVUS ENERGY

    PutOct 23, 202622 days
    Price
    $44.24
    Strike
    $42.50
    Delta
    0.239
    Est. credit
    $60
    Return
    1.41%
    Cash required
    $4,250
  3. CVE.TO

    CENOVUS ENERGY

    PutNov 6, 202636 days
    Price
    $44.24
    Strike
    $41.50
    Delta
    0.235
    Est. credit
    $85
    Return
    2.04%
    Cash required
    $4,150
  4. TECK.B.TO

    TECK RESOURCES SUBORDINATE VOTING

    PutOct 23, 202622 days
    Price
    $93.70
    Strike
    $85.00
    Delta
    0.197
    Est. credit
    $119
    Return
    1.39%
    Cash required
    $8,500
  5. TECK.B.TO

    TECK RESOURCES SUBORDINATE VOTING

    PutOct 23, 202622 days
    Price
    $93.70
    Strike
    $86.00
    Delta
    0.225
    Est. credit
    $139
    Return
    1.61%
    Cash required
    $8,600
  6. TECK.B.TO

    TECK RESOURCES SUBORDINATE VOTING

    PutOct 30, 202629 days
    Price
    $93.70
    Strike
    $85.00
    Delta
    0.224
    Est. credit
    $162
    Return
    1.9%
    Cash required
    $8,500

Early access

Take your Wheel strategy further

Join the early-access list for upcoming Option Wheel Start tools, including more screening data, dashboards, and a personal trade journal to track your Wheel positions.

Be among the first to try new features as they are released!