Run the Wheel with Live Data, Not Guesswork
Stryke finds the best cash-secured puts to sell and the best covered calls to roll into, across the full US options market, ranked by yield and probability of profit.
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How the screener works
- Pulls live chains for every optionable US stock and ETF
- Filters cash-secured puts by delta, DTE, annualized yield, and IV Rank
- Filters covered calls by delta, DTE, and premium above your cost basis
- Ranks results by expected value and probability of profit
- Flags expiries that contain earnings so you can avoid event risk
A practical workflow
- Pick names you would happily own at the strike price
- Sell 30 to 45 DTE puts around 0.25 delta in high IV Rank names
- If assigned, sell 30 DTE calls one strike above your cost basis
- Roll or close when the position hits 50 percent of max profit
- Repeat. The compounding does the work
Our proprietary tools
Built for traders who want institutional-grade screening without the institutional price tag. Live data, real Greeks, real volatility, all in one place.
FAQ
What is the wheel strategy?
The wheel is a two-step income strategy. You sell cash-secured puts on a stock you would not mind owning, and if assigned, you sell covered calls against the shares until they are called away. Then you start over.
How does Stryke help?
Stryke screens the full US options universe for cash-secured puts and covered calls that meet your yield, delta, and DTE filters, then ranks them by expected value and probability of profit.
Which deltas should I target?
Most wheel traders sell puts around 0.20 to 0.30 delta to balance premium and assignment risk. Stryke lets you filter by delta so you can match your own risk tolerance.
Does it handle earnings risk?
Yes. Stryke flags expiries that contain earnings so you can decide whether to sell premium into the event or step aside.
Ready to find your edge?
Join traders using Stryke to surface opportunities across the US options market