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Best Stocks for Wheel Strategy
Updated daily after market close
A daily-updated list of S&P 500 stocks that fit the wheel strategy — solid options income, manageable capital, and no earnings coming up.
The best wheel strategy stocks are S&P 500 tickers where IV rank, premium income, earnings safety, and capital requirements all align for options trading. Pick the candidates that you are comfortable owning through assignment — quality dividend payers with liquid options and manageable portfolio risk. VolRadar screens the full market daily using five hard criteria: IV rank above 30, Strong or Medium signal, no earnings within 14 days, price under $200, and individual stocks only (no ETFs).
Educational analysis — not investment advice. VolRadar surfaces options market data and signals; all trading decisions are your own. See our full disclaimer.
Best wheel stocks — updated every market close
Free account: top 5 wheel candidates + strategy suggestions delivered daily.
21 of 500+ S&P 500 stocks pass all five wheel filters. 2 show a strong signal, 19 medium. Average IV Rank: 64.5 — premiums are well above the annual midpoint. Average price: $103, keeping capital manageable.
Wheel Candidates
21
pass all 5 filters
Strong Signals
2
highest conviction
Avg IV Rank
64.5
rich premiums
Avg Price
$103
per share
TickerIVRVRPEarnSignal
Starter Insight
16 more wheel candidates
See the full list of wheel strategy candidates with daily screening.
21 stocks pass all 5 wheel filters today. See the full list with VRP, signal strength, and capital requirements.
- All wheel candidates ranked daily
- Wheel strategy pages with strike suggestions
- Full scanner with custom filters
$19/mo · vs $49–$99 for pro tools
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ORATS data·Updated daily EOD·No tracking
Click any ticker to view its wheel strategy page with strike suggestions and premium estimates.
Screening Criteria
A ticker appears on the full list when all five conditions are met:
- IV Rank > 30 — premiums are above the lower third of the annual range, worth collecting
- Signal: Strong or Medium — VolRadar's composite assessment rates conditions as favorable or acceptable
- No Earnings Within 14 Days — avoids selling puts through a binary event that can gap the stock past your strike
- Price ≤ $200 — keeps cash-secured put capital at $20,000 or less per contract (100 shares)
- Individual Stocks Only — ETFs are excluded; the wheel works best when you're willing to own the underlying company
“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.
How to Use This Page
- Review the candidate list — focus on stocks you understand and would be willing to own at the strike price
- Click a ticker to visit its Wheel Strategy page for specific strike suggestions, premium estimates, and expected return calculations
- Use the Wheel Calculator to model different strike/DTE combinations
- Check the Expected Move to ensure your strike is outside the expected range
- Enter at 45 DTE, manage at 21 DTE or 50% of max profit — the standard tastytrade approach
What to do next
Weather Score tells you if today favors selling premium — before you pick a ticker.
Open the full Scanner
StarterSort 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.
Frequently Asked Questions
What are the best stocks for wheel strategy?+
The best stocks for the wheel strategy are typically liquid, optionable S&P 500 names with reliable premiums, tight bid-ask spreads, and price behavior you are willing to own through assignment. VolRadar screens for IV Rank above 30, Strong or Medium signal, no earnings within 14 days, and price under $200 — then ranks by signal strength and IV Rank.
What makes a stock good for the wheel strategy?+
Good wheel strategy stocks have liquid options, sufficient premium from elevated IV rank, manageable downside risk, and consistent demand across multiple expirations and strikes. You should also be comfortable owning the stock if assigned on a cash-secured put — avoid names you would not want to hold.
Is high IV always better for the wheel strategy?+
No. Higher implied volatility increases option premium, but it also increases assignment risk and downside exposure. Stocks with very high IV often have it for a reason — uncertainty, pending catalysts, or sector stress. Many experienced wheel traders prefer a balance between premium quality, liquidity, and underlying stability rather than chasing the highest IV.
How do you screen for wheel strategy stocks?+
You can screen for wheel strategy stocks by filtering for liquid underlyings, attractive premiums from elevated IV rank, acceptable signal strength, clear earnings calendars, and strike distances that match your risk tolerance. VolRadar automates this daily across 500+ S&P 500 tickers with five hard criteria and ranks the results.
Risks & Considerations
The wheel strategy involves significant risk. Keep in mind:
- Downside risk is real — if assigned on a put, you own the stock. If it drops 30%, you lose 30% minus the premium collected
- High premium = higher risk — stocks with elevated IV often have it for a reason (uncertainty, pending catalysts, sector stress)
- Earnings avoidance is not complete protection — news, FDA decisions, and macro events can gap stocks at any time
- Capital requirements add up — even at $200/share, each CSP ties up $20,000. Size positions to risk no more than 5% of your account per trade
CC Screener →Wheel Calculator →Wheel Strategy Guide →Full Scanner →Safe to Sell →High IV Stocks →IV Rank Methodology →Expected Move →
Related screeners
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Highest implied volatility in the S&P 500
500+ stocks ranked by 7-factor CC Score
All S&P 500 tickers ranked by conditions
About the author
VolRadar Research
Quantitative Options Analytics
VolRadar Research is the quantitative analytics team behind every signal, sector page, and screener on the platform. Methodology and data sourcing are documented publicly and reviewed by the editorial team.
Powered by ORATS institutional data · Reviewed against documented methodology
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.
Conflict of interest: VolRadar does not hold positions in covered tickers and earns no commission on trades. Analysis uses proprietary tools operated by VolRadar. Editorial policy.
Source: ORATS institutional data · Methodology · Updated daily after market close (~6:00 PM ET)
Not financial advice · Disclaimer · Options involve significant risk of loss.
Conflict of interest: VolRadar does not hold positions in covered tickers and earns no commission on trades. Editorial policy