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The best wheel strategy stocks are S&P 500 tickers where IV rank, premium yields, earnings safety, and capital requirements all align for selling cash-secured puts and collecting assignments. VolRadar screens the full index daily using five hard criteria — IV rank above 30, Strong or Medium signal, no earnings within 14 days, price under $200, and non-ETF — so you see only the candidates that pass every filter. Updated after each U.S. equity market close.
Best wheel stocks — updated every market close
Free account: top 5 wheel candidates + strategy suggestions delivered daily.
33 of 500+ S&P 500 stocks pass all five wheel filters. 25 show a strong signal, 8 medium. Average IV Rank: 57.9 — premiums are well above the annual midpoint. Average price: $110, keeping capital manageable.
Click any ticker to view its wheel strategy page with strike suggestions and premium estimates.
A ticker appears on the full list when all five conditions are met:
“Best” means best fit for this screening logic — it is not a recommendation to trade. Candidates are ranked by signal strength (strong first), then by IV Rank descending.
Weather Score tells you if today favors selling premium — before you pick a ticker.
Sort and filter 500+ tickers by signal, IV Rank, VRP, and earnings risk.
Use the free Strategy Builder to see P&L, breakeven, and max loss before entering.
A good wheel stock has: (1) IV Rank above 30 so premiums are worth collecting, (2) a strong or medium signal indicating favorable selling conditions, (3) no earnings within 14 days to avoid assignment through a binary event, and (4) a stock price under $200 so the capital requirement for a cash-secured put stays manageable. You should also be willing to own the stock if assigned.
The wheel has three phases: (1) Sell a cash-secured put at a strike you'd be happy owning the stock at. (2) If assigned, hold the shares and sell covered calls above your cost basis. (3) If shares are called away, restart by selling puts. You collect premium at each stage. Enter at 45 DTE, manage at 21 DTE or 50% max profit.
Each options contract covers 100 shares. A $50 stock requires $5,000 in capital for a cash-secured put. A $500 stock requires $50,000. This page filters for stocks under $200 ($20,000 max per contract) to keep position sizing manageable. Higher-priced stocks may also be wheel-worthy but require larger accounts.
The wheel strategy involves significant risk. Keep in mind:
Data sourced from ORATS, updated daily after market close. VolRadar provides educational analytics — not financial advice. Options involve significant risk of loss. Read our investment disclaimer.
Source: ORATS institutional data · Methodology · Updated daily after market close (~6:00 PM ET)
Not financial advice · Disclaimer · Options involve significant risk of loss.