The best stocks for the Wheel Strategy right now.

The Wheel works great until you get assigned on the wrong stock…and then it drops 30% overnight. Every Monday I screen thousands of stocks for the ones I’d actually want to own if assigned, then identify the options most likely to expire profitably. This is the exact research I trade my own money on.

Last updated September 14, 2026 Updated every Monday

Adrian Rosebrock, PhD, founder of WheelMetrics — Adrian Rosebrock, PhD Founder, WheelMetrics

My preferred Wheel timeframe

30 to 52 DTE

I only Wheel companies I’d be content owning for 6-12+ months if the put I sold gets assigned. Each week my algorithms grade the entire stock market on six fundamental factors, then scan only the tickers that pass for high-probability setups. Here are the results for this week.

Ticker

100

—

Excellent

Poor

$924.03

+154.1%

26.6%

53.7%

51.9%

47.3%

55.9%

-0.3

0.1

88.4%

HPE

100

Excellent

Decent

$55.41

-27.2%

8.7%

20.0%

148.9%

6.7%

2.1

0.8

1.1

17.2%

NESR

100

—

Excellent

Strong

$32.74

+30.1%

13.0%

12.1%

167.4%

9.1%

5.8%

0.4

0.3

0.4

22.9%

AMD

Strong

$493.41

+22.1%

25.3%

6.8%

130.6%

9.2%

15.6%

-0.8

0.1

0.8

72.6%

AMD · Cash-Secured Puts

AMD cash-secured put setups
Strike	Bid	Ask	Mark	Delta	DTE	OTM	Annual yield	ROC
$460	$16.45	$17.50	$16.98	0.30	39	6.77%	34.55%	3.69%
$460	$13.80	$14.35	$14.08	0.29	32	6.77%	34.91%	3.06%
$450	$11.60	$14.45	$13.02	0.25	39	8.80%	27.08%	2.89%
$450	$10.90	$11.40	$11.15	0.24	32	8.80%	28.26%	2.48%
$440	$9.30	$10.95	$10.13	0.21	39	10.82%	21.55%	2.30%
$440	$8.50	$8.85	$8.68	0.20	32	10.82%	22.50%	1.97%

AMZN

—

Excellent

$253.54

+15.9%

11.8%

34.0%

-8.6%

17.9%

17.4%

0.4

3.5

14.3%

SEZL

—

Strong

$121.57

-8.5%

—

168.4%

45.5%

30.4%

0.2

0.5

—

24.5%

CTRE

—

Excellent

Decent

$38.11

+9.0%

19.9%

12.7%

121.4%

7.1%

78.5%

2.2

0.3

5.4

25.7%

RELY

Strong

$22.25

+93.8%

—

123.0%

27.1%

16.9%

-2.9

0.0

—

19.4%

XYZ

Strong

Decent

$79.49

+164.7%

9.5%

-14.0%

1086.9%

1.9%

1.4%

-1.5

0.3

0.9

11.2%

VICR

—

Excellent

Strong

$184.73

+20.3%

6.5%

21.9%

35.3%

17.3%

30.7%

-4.1

0.0

1.1

55.6%

SANM

—

Strong

Decent

$196.04

-19.7%

12.8%

7.4%

192.8%

8.5%

2.4%

0.5

0.9

0.8

16.0%

CLS

Excellent

Strong

$316.08

-10.3%

22.7%

69.8%

46.5%

35.8%

7.2%

0.2

0.3

0.4

70.8%

CLS · Cash-Secured Puts

CLS cash-secured put setups
Strike	Bid	Ask	Mark	Delta	DTE	OTM	Annual yield	ROC
$290	$10.40	$12.40	$11.40	0.28	32	8.25%	44.84%	3.93%
$280	$7.80	$8.80	$8.30	0.22	32	11.41%	33.81%	2.96%
$270	$5.70	$6.40	$6.05	0.17	32	14.58%	25.56%	2.24%

CRDO

Strong

$150.09

+54.1%

—

81.5%

19.5%

33.8%

-1.3

0.0

—

54.7%

CRDO · Cash-Secured Puts

CRDO cash-secured put setups
Strike	Bid	Ask	Mark	Delta	DTE	OTM	Annual yield	ROC
$135	$4.80	$5.50	$5.15	0.26	32	10.05%	43.51%	3.81%
$130	$3.70	$4.00	$3.85	0.20	32	13.39%	33.78%	2.96%
$125	$2.55	$2.85	$2.70	0.16	32	16.72%	24.64%	2.16%

Decent

$71.65

+35.3%

0.9%

4.6%

238.1%

5.9%

10.2%

0.4

0.6

1.0

12.9%

ZVRA

—

Strong

$12.05

-50.1%

36.8%

—

56.0%

29.2%

42.8%

-2.9

0.0

—

15.8%

Excellent

Elite

$42.43

+59.8%

10.3%

22.3%

79.5%

21.4%

31.6%

-0.1

0.2

0.5

12.9%

NEM

Elite

Strong

$123.07

+36.1%

15.6%

19.7%

113.2%

21.4%

33.4%

-0.2

0.2

0.9

8.4%

FLYW

—

Strong

Decent

$18.10

+58.0%

35.3%

—

451.5%

4.5%

4.8%

-4.1

0.0

—

15.5%

CDE

Excellent

Poor

$19.88

+42.0%

29.3%

31.7%

136.0%

7.9%

26.8%

-0.2

0.1

0.3

25.5%

For faster trade turnover

Weekly options

With a week or less to expiration there’s less time for a thesis to play out, so where you get in matters just as much as what you’re getting into. The momentum columns show where the stock sits in its recent range, which can help you identify healthly pullbacks.

Ticker

100

Excellent

Poor

$924.03

3.2%

MU · Cash-Secured Puts

MU cash-secured put setups
Strike	Bid	Ask	Mark	Delta	DTE	OTM	Annual yield	ROC
$895	$10.20	$10.45	$10.33	0.29	4	3.14%	105.32%	1.15%
$890	$8.75	$9.10	$8.93	0.26	4	3.68%	91.56%	1.00%
$885	$7.55	$7.85	$7.70	0.23	4	4.22%	79.39%	0.87%
$880	$6.50	$6.70	$6.60	0.20	4	4.76%	68.44%	0.75%
$875	$5.60	$5.75	$5.68	0.18	4	5.31%	59.23%	0.65%
$870	$4.80	$4.90	$4.85	0.16	4	5.85%	50.87%	0.56%

HPE

100

Excellent

Decent

$55.41

11.5%

HPE · Cash-Secured Puts

HPE cash-secured put setups
Strike	Bid	Ask	Mark	Delta	DTE	OTM	Annual yield	ROC
$53	$0.50	$0.79	$0.65	0.26	4	4.35%	111.91%	1.23%
$52	$0.36	$0.46	$0.41	0.18	4	6.15%	71.95%	0.79%
$51	$0.17	$0.36	$0.27	0.13	4	7.96%	48.31%	0.53%

NESR

100

Excellent

Strong

$32.74

1.0%

AMD

Strong

$493.41

10.7%

AMD · Cash-Secured Puts

AMD cash-secured put setups
Strike	Bid	Ask	Mark	Delta	DTE	OTM	Annual yield	ROC
$477.50	$5.15	$5.45	$5.30	0.28	4	3.22%	101.28%	1.11%
$475	$4.45	$4.75	$4.60	0.25	4	3.73%	88.37%	0.97%
$472.50	$3.90	$4.15	$4.03	0.22	4	4.24%	77.83%	0.85%
$470	$3.35	$3.60	$3.48	0.20	4	4.74%	67.56%	0.74%
$467.50	$2.90	$3.15	$3.03	0.18	4	5.25%	59.14%	0.65%
$465	$2.50	$2.66	$2.58	0.16	4	5.76%	50.63%	0.55%

AMZN

Excellent

$253.54

1.1%

SEZL

Strong

$121.57

5.9%

XYZ

Strong

Decent

$79.49

2.6%

VICR

Excellent

Strong

$184.73

15.2%

CLS

Excellent

Strong

$316.08

12.6%

CLS · Cash-Secured Puts

CLS cash-secured put setups
Strike	Bid	Ask	Mark	Delta	DTE	OTM	Annual yield	ROC
$300	$2.80	$3.60	$3.20	0.22	4	5.09%	97.33%	1.07%
$295	$1.70	$2.50	$2.10	0.16	4	6.67%	64.96%	0.71%
$290	$1.20	$1.75	$1.48	0.12	4	8.25%	46.57%	0.51%

CRDO

Strong

$150.09

13.7%

CRDO · Cash-Secured Puts

CRDO cash-secured put setups
Strike	Bid	Ask	Mark	Delta	DTE	OTM	Annual yield	ROC
$144	$2.00	$2.60	$2.30	0.29	4	4.06%	145.75%	1.60%
$140	$1.10	$1.35	$1.23	0.18	4	6.72%	80.17%	0.88%
$139	$0.90	$1.20	$1.05	0.16	4	7.39%	68.93%	0.76%

Decent

$71.65

5.3%

ON · Cash-Secured Puts

ON cash-secured put setups
Strike	Bid	Ask	Mark	Delta	DTE	OTM	Annual yield	ROC
$68	$0.66	$1.00	$0.83	0.24	4	5.09%	111.38%	1.22%
$67	$0.49	$0.89	$0.69	0.20	4	6.49%	93.97%	1.03%
$66	$0.30	$0.74	$0.52	0.16	4	7.89%	71.89%	0.79%
$65	$0.28	$0.65	$0.47	0.14	4	9.28%	65.98%	0.72%

Excellent

Elite

$42.43

3.1%

NEM

Elite

Strong

$123.07

4.0%

CDE

Excellent

Poor

$19.88

3.9%

Legend

Grade: My computed quality score for the company (0 to 100), blending valuation, growth, profitability, debt, cash conversion, and dividend quality with analyst revisions and forward guidance.
Setups: How many put contracts on this stock cleared the options screener based on delta, DTE, annual yield, open interest, ROC, and earnings timing. A dash (—) means no high-probability setups were found for the stock this week (so don’t force the trade). A high setup count implies the screener found plenty of viable setups, not that the company is higher quality (i.e., that’s what Grade is for). Expand the row to see every contract that cleared.
Value: Factor-based value ranking, from Poor to Elite. Weighted on five-year revenue and earnings growth, cash conversion, return on invested capital, and leverage.
Growth: Factor-based growth ranking, from Poor to Elite. Driven by five-year revenue and EPS growth, net margin, and return on capital, with thresholds tuned for growth-oriented companies. Revenue and earnings both have to be compounding for a company to rank well here, while the margin test screens out companies whose growth comes at the expense of profitability.
Dividend: Factor-based dividend ranking, from Poor to Elite. Scored across yield, payout ratio, and five-year dividend growth, plus the profitability and leverage needed to sustain them. For example, a high yield on a stretched balance sheet will rank poorly, since the dividend is the first thing to get cut when earnings become unstable. NA implies the company doesn’t pay a dividend (which does not negatively impact the overall grade).
Last: The stock’s most recent traded price at the time of this week’s analysis.
PE upside: How much the stock would rise if its P/E returned to its historical (or theoretical) median, applied to next year’s earnings. Calculated by taking the stock’s median P/E over the past several years, applying it to forward earnings estimates, and comparing that implied price to where the stock trades today. Note that the implied price could be one the stock has never actually traded at (which happens when earnings have run well ahead of the share price).
Earnings in: Days until the next earnings report. Holding a put through earnings introduces binary event risk (a single report can gap the stock straight through your strike), so my options screener automatically filters out any put that would expire after the next report. That’s why a high-grade stock may not show any valid setups when earnings are close: none of its 30-52 DTE puts expire in time, even though its weeklies may still clear.
Revenue growth 5Y: Average annual revenue growth over the last five years. We like to target 5% or more. Below that, the business could be standing still after inflation.
EPS growth 5Y: Average annual earnings-per-share growth over the last five years. We target 7% or more. Earnings growth is where shareholder value actually gets created. Revenue growth without corresponding earnings growth implies you’re just running a bigger business at the same margins.
FCF / net income: Free cash flow as a share of reported net income. We like to target 80% or more, implying the earnings are backed by real cash instead of accounting timing. A company can report strong net income while generating very little cash (due to depreciation, accruals, and timing), so it’s always worth looking at this ratio. Below 80%, start asking hard questions about earnings quality.
ROIC: Return on invested capital (i.e., what the business earns each year on every dollar of debt and equity put into it). We target 15% or more, well above the S&P 500’s long-run 10%. If a business can’t generate at least 15% on its invested capital, it isn’t compounding faster than the broad market, and you’d be better off owning the index.
Profit margin: Net income as a share of revenue, targeting 10% or more. Thinner margins usually mean brutal competition, commodity exposure, or an operation that can’t control its costs. All three are bad news for a stock you may end up owning if your put is assigned.
Net debt / EBITDA: Number of years of earnings it would take to pay off net debt. We target < 3.0. Negative implies the company holds more cash than debt, which is typically a good thing. Above 3.0 the balance sheet starts to look stretched, and above 5.0 you’re in stress territory.
Debt / equity: Total debt against shareholder equity, targeting 0.8 or less. Above 1.0, the company is financed more by lenders than by owners, which amplifies both the upside and the downside. For a Wheel trader, lower is typically better because a lightly levered company is less likely to be forced into dilution, asset sales, or a dividend cut if the macro turns.
Forward PEG: Forward P/E divided by expected growth. We like to see < 1.5, implying a reasonable price for the growth you’re getting. Above 2.0 you’re paying a premium that the growth has to deliver on for the trade to make sense (not disqualifying, just expensive relative to value).
Rev Next YR: Consensus revenue growth expected next fiscal year. We like to target 7% or more, which highlights companies that are accelerating. This measure is the forward-looking counterpart to the five-year history. The 5Y columns tell you what the company has historically compounded at, while this one tells you whether analysts expect that to continue.
Lower BB: How far the stock is to its lower Bollinger band. Smaller values imply the stock is already near the bottom of its recent range. On a quality name that’s trending upwards, this becomes a signal weekly option sellers look for, since the band marks the lower edge of the stock’s normal trading range.
RSI: Relative strength technical indicator (0-100). On a quality, trending name, a low reading typically implies the stock is oversold and is potentially due for a bounce (which is the entry most weekly put sellers desire). Readings of 30 or below are highlighted green (oversold), and 70 or above red (overbought).
Stoch RSI: Stochastic RSI technical indicator (0-100), a more sensitive version of RSI. Readings of 20 or below are highlighted green (oversold), and 80 or above red (overbought). Read it with RSI to help time your entry (because Stoch RSI is more sensitive, it can signal earlier and whipsaw more, so use RSI for confirmation).

Quantamental screening

How I screen stocks and options

Most Wheel traders start by hunting for the highest premium. That’s wrong. If you get assigned, the stock is what you’re holding, so it had better be one you actually want to own. Every Monday my algorithms grade every company on the stock market on the six fundamental factors below, before I look at a single options chain. Typically, all but a handful fail. Only the survivors get scanned for puts, and only the contracts that clear my filters on delta, DTE, annual yield, open interest, ROC, and earnings timing make the board.

4,000+

stocks screened, before any options data is touched

companies passed the stock quality screener this week, graded on six fundamental factors

cash-secured put setups across both boards were found, filtered on delta, DTE, annual yield, open interest, ROC, and earnings timing

What the grade looks for. The more of them a company hits, the higher it grades.

Valuation: How far the stock trades below its own history. I apply the company’s median P/E from the past several years (discarding outliers) to next year’s earnings estimate and compare that to today’s price.
Growth: Revenue growing at least 5% a year over five years, and earnings per share at least 7%. Next year’s consensus revenue growth is a 7% target as well.
Profitability: Return on invested capital of 15% or higher, and a net margin of 10% or higher. The S&P 500 has returned about 10% a year historically, so a business earning less than 15% on its capital isn’t compounding faster than the index.
Debt: Net debt under three years of EBITDA, and total debt under 0.8 times equity. This factor helps inform whether a bad year forces dilution, asset sales, or a dividend cut.
Cash conversion: Free cash flow at 80% of net income or higher. A company can report strong earnings while generating very little cash, thanks to depreciation and accrual rules. Above 80%, the earnings are backed by cash actually moving through the business.
Dividend quality: A yield of 2% or more, a payout ratio under 90%, and dividend growth of 10% a year over five years. Past 90%, the dividend is at risk if the company stagnates or falters. (Note: A company that doesn’t pay a dividend isn’t marked down for it)

I trade this system with my own money

The stock and option screeners above aren’t a paper exercise. I trade them every week in a public portfolio to show you what’s possible.

Portfolio launched January 1, 2026 with $27,000 of my own money (proof you can run the Wheel successfully on even a modest account size).

90%

Win Rate

Trades Closed

14.2%

YTD Return

20 days

Avg. Holding Period

Monthly and cumulative net premiums chart

Independently Verified

Every figure above is checked against my raw brokerage records by an independent CPA. The verified results are published each reporting period, regardless of whether I made or lost money.

Read the Latest Verification Report

Past performance doesn't guarantee future results. I share these numbers for transparency, not as a promise of your returns. Last updated September 17, 2026.

Disclaimer

WheelMetrics is an educational resource, not financial advice. WheelMetrics is not a registered investment advisor, broker-dealer, or financial planner. Everything here, including articles, newsletters, stock screening results, options setups, market commentary, is for educational and informational purposes only. Options trading carries substantial risk, and you can lose some or all of your capital. You're solely responsible for your own investment decisions. Consult with a qualified financial advisor before making any trades.

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