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.
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 | Strike | |||||||
|---|---|---|---|---|---|---|---|---|
| ISHARES MSCI BRAZIL ETF | $37.25 | Oct 23, 202622 days | $33.00 | 0.153 | $38 | 1.15% | $3,300 | |
| ISHARES MSCI BRAZIL ETF | $37.25 | Oct 23, 202622 days | $33.50 | 0.184 | $48 | 1.42% | $3,350 | |
| ISHARES MSCI BRAZIL ETF | $37.25 | Oct 23, 202622 days | $34.00 | 0.212 | $55 | 1.63% | $3,400 | |
| ISHARES MSCI BRAZIL ETF | $37.25 | Oct 30, 202629 days | $32.00 | 0.172 | $64 | 1.98% | $3,200 | |
| ISHARES MSCI BRAZIL ETF | $37.25 | Oct 30, 202629 days | $32.50 | 0.194 | $73 | 2.25% | $3,250 | |
| ISHARES MSCI BRAZIL ETF | $37.25 | Oct 30, 202629 days | $33.00 | 0.22 | $86 | 2.61% | $3,300 | |
| ISHARES MSCI BRAZIL ETF | $37.25 | Oct 30, 202629 days | $33.50 | 0.247 | $101 | 3.01% | $3,350 | |
| ISHARES MSCI BRAZIL ETF | $37.25 | Nov 6, 202636 days | $32.00 | 0.18 | $70 | 2.19% | $3,200 | |
| ISHARES MSCI BRAZIL ETF | $37.25 | Nov 6, 202636 days | $32.50 | 0.202 | $80 | 2.46% | $3,250 | |
| ISHARES MSCI BRAZIL ETF | $37.25 | Nov 6, 202636 days | $33.00 | 0.226 | $93 | 2.8% | $3,300 |
PUT option filterLatest published snapshot:
- 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 - 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 - 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 - 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 - 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 - 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 - 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 - 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 - 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 - 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 | Strike | ||||||
|---|---|---|---|---|---|---|---|
| CENOVUS ENERGY | $44.24 | Oct 23, 202622 days | $42.00 | 0.206 | $51 | 1.21% | $4,200 |
| CENOVUS ENERGY | $44.24 | Oct 23, 202622 days | $42.50 | 0.239 | $60 | 1.41% | $4,250 |
| CENOVUS ENERGY | $44.24 | Nov 6, 202636 days | $41.50 | 0.235 | $85 | 2.04% | $4,150 |
| TECK RESOURCES SUBORDINATE VOTING | $93.70 | Oct 23, 202622 days | $85.00 | 0.197 | $119 | 1.39% | $8,500 |
| TECK RESOURCES SUBORDINATE VOTING | $93.70 | Oct 23, 202622 days | $86.00 | 0.225 | $139 | 1.61% | $8,600 |
| TECK RESOURCES SUBORDINATE VOTING | $93.70 | Oct 30, 202629 days | $85.00 | 0.224 | $162 | 1.9% | $8,500 |
PUT option filterLatest published snapshot:
- 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
- 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
- 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
- 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
- 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
- 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!
