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Wheel strategy watchlist: this week's put premiums
This is the same kind of put on every row, so you can compare what each stock pays and what it costs to secure. It is not a list of picks, and I don't trade every name here. Higher premium almost always means a bigger chance the stock drops through your strike.
Educational only, not a recommendation to buy or sell anything. Prices are a snapshot and will have changed.
How the numbers work
- Premium: the mid price per share, so $2.81 means $281 for one contract.
- Cash needed: strike × 100. This is what your broker sets aside.
- Per mo.: premium ÷ strike, scaled to 30 days so 32-day and 39-day puts compare fairly. Held to expiration, the actual return is premium ÷ strike.
- Delta near 0.30: the market puts roughly a 30% chance on the stock finishing below the strike. A rough guide, not a promise.
How I'd use this table
Filter to the cash you actually have, after keeping a reserve. Hide earnings. Then look only at companies you'd be fine owning for months if you get assigned. That last step matters more than the return column. To check a trade, run it through the cash-secured put calculator. With a small account, start with the account size checker.
Related tools and lessons
- How to sell a cash-secured put: step 1 of the wheel
- Options income calculator: how much cash for a monthly goal
- Cost basis calculator: your real cost per share after assignment
- Wheel strategy with a small account
Questions beginners ask
What are good stocks for the wheel strategy?
Stocks you would be fine owning for months if the put gets assigned, with enough option volume that the bid and ask are close together. This table shows popular wheel names so you can compare premium and cash needed, but it is not a list of picks. Start from companies you understand.
Why does a higher return usually mean more risk?
Premium is high when the market expects big moves. A 4–5% put on a fast-moving stock pays more because there is a real chance the stock drops well below your strike. A 1–2% put on a steadier stock or ETF pays less for a reason.
Why do so many rows say earnings?
Most companies report in late October and November, so a put expiring in late November holds through the report. Stocks can gap 10% or more on earnings. I avoid holding a new put through earnings; use the filter to hide those rows.
What does a wide spread mean?
The bid and ask are far apart, so you probably won't get filled at the mid price shown. Some spreads look wider because these quotes were pulled after the market closed. Check the live quote during market hours before you trade.
How often is this updated?
Once a week. The date at the top tells you when the numbers were pulled. Option prices change every minute, so always check your broker before placing a trade.