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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 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.

30 to 52 DTE
Ticker
HPE Computer Hardware100ExcellentDecentDecent$70.93-36.5%52d8.7%20.0%148.9%6.7%6.7%2.10.80.817.7%1 month: 98 3 months: 98 12 months: 99
FRO Marine Shipping100StrongStrongExcellent$59.43-39.2%49d30.7%—46.4%29.3%54.8%1.10.8—-34.8%1 month: 92 3 months: 97 12 months: 98
MU Semiconductors99ExcellentExcellentPoor$990.76+154.3%72d36.8%70.5%69.4%88.8%63.8%-0.40.00.27.5%1 month: 92 3 months: 82 12 months: 100
CIEN Comm Equipment98StrongStrongNA$425.88-16.0%59d12.0%8.7%124.4%13.8%10.9%0.71.11.530.8%1 month: 99 3 months: 68 12 months: 98
AVGO Semiconductors96EliteEliteExcellent$360.34+96.5%58d27.4%42.2%103.0%27.6%42.9%0.70.60.564.1%1 month: 84 3 months: 50 12 months: 56
FIVE Specialty Retail92ExcellentExcellentNA$211.44+33.6%51d15.5%19.4%96.8%14.1%11.7%0.90.82.49.2%1 month: 20 3 months: 85 12 months: 85
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.

Weekly options
Ticker
MPC Oil Refining100ExcellentStrongExcellent$462.8722d0.9675861 month: 94 3 months: 97 12 months: 98
HPE Computer Hardware100ExcellentDecentDecent$70.9352d0.8068841 month: 98 3 months: 98 12 months: 99
ECO Marine Shipping100EliteEliteElite$98.8430d1.1078931 month: 95 3 months: 99 12 months: 99
DINO Oil Refining100EliteExcellentStrong$123.2416d0.98761001 month: 93 3 months: 97 12 months: 97
FRO Marine Shipping100StrongStrongExcellent$59.4349d1.1177991 month: 92 3 months: 97 12 months: 98
NVDA Semiconductors100ExcellentExcellentExcellent$227.7237d0.505201 month: 90 3 months: 85 12 months: 74
VLO Oil Refining99ExcellentDecentStrong$443.7910d0.9772831 month: 93 3 months: 97 12 months: 98
MU Semiconductors99ExcellentExcellentPoor$990.7672d0.254501 month: 92 3 months: 82 12 months: 100
SNDK Computer Hardware99StrongStrongNA$1,488.4617d0.004001 month: 78 3 months: 51 12 months: 100
STX Computer Hardware99StrongExcellentStrong$763.2416d0.133921 month: 55 3 months: 43 12 months: 100
FORM Semiconductors99StrongDecentNA$131.5916d0.515471 month: 99 3 months: 92 12 months: 99
OSCR Health Insurers98ExcellentStrongNA$33.8528d0.93621001 month: 61 3 months: 77 12 months: 91
DK Oil Refining98StrongDecentPoor$77.0625d0.6957861 month: 69 3 months: 93 12 months: 97
DHT Marine Shipping98StrongStrongElite$26.3923d1.1777941 month: 92 3 months: 96 12 months: 97
CVX Integrated Oil98ExcellentStrongStrong$216.2718d1.00641001 month: 68 3 months: 88 12 months: 84
PARR Oil Refining98StrongDecentNA$84.4222d0.6153601 month: 71 3 months: 87 12 months: 97
WDC Computer Hardware98StrongStrongPoor$388.6217d0.083721 month: 38 3 months: 17 12 months: 99
CIEN Comm Equipment98StrongStrongNA$425.8859d0.7963781 month: 99 3 months: 68 12 months: 98
CTRE Healthcare REIT97ExcellentExcellentDecent$36.1328d0.2535751 month: 44 3 months: 40 12 months: 66
SEZL Credit Services97StrongStrongNA$125.4123d0.9763991 month: 86 3 months: 26 12 months: 91
KEYS Tech Hardware97ExcellentDecentNA$379.8442d0.7264281 month: 97 3 months: 89 12 months: 97
TSEM Semiconductors97StrongStrongNA$219.1328d0.324731 month: 96 3 months: 63 12 months: 99
SBLK Marine Shipping97StrongDecentExcellent$30.2037d0.4449541 month: 52 3 months: 84 12 months: 92
COHR Tech Hardware96StrongDecentNA$299.8623d0.4149261 month: 95 3 months: 71 12 months: 98
AVGO Semiconductors96EliteEliteExcellent$360.3458d0.6149511 month: 84 3 months: 50 12 months: 56
RGA Reinsurance95ExcellentStrongDecent$258.7717d1.05671001 month: 80 3 months: 80 12 months: 80
MGNI Advertising90ExcellentExcellentNA$25.4223d0.7159761 month: 87 3 months: 91 12 months: 86
DVN Oil & Gas E&P89StrongStrongExcellent$49.2423d0.7755891 month: 55 3 months: 83 12 months: 86
AUGO Gold88StrongExcellentPoor$90.1224d0.8060661 month: 86 3 months: 99 12 months: 98
APPF App Software78EliteEliteNA$203.6017d0.4249711 month: 31 3 months: 85 12 months: 44
GSL Marine Shipping78ExcellentExcellentPoor$45.9528d0.8250501 month: 57 3 months: 82 12 months: 90
BLBD Automakers78StrongStrongNA$56.4342d0.3538821 month: 28 3 months: 19 12 months: 57
B Gold75ExcellentExcellentExcellent$40.8328d0.3745561 month: 54 3 months: 86 12 months: 75
Legend
Industry
The specific line of business the company is in, shown under the ticker. Use it to spot concentration. Multiple puts on stocks in the same industry implies you’re really only making one bet since those names tend to fall together. Stock selection comes first, but spreading your Wheels across sectors and industries is what keeps a poorly timed sector rotation from hitting every position at once.
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 stock only makes the board if (1) it is a high-quality stock, and (2) there are viable put setups on it. A company can pass the quality screener and still not show up in the tables above on a given week (which is a good cue to not to 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.
Ranking scale (Value, Growth, Dividend)
The Value, Growth, and Dividend columns all utilize rankings. From worst to best, the possible rankings are Poor, Weak, Fair, Decent, Strong, Excellent, and Elite. The Dividend column can also read NA, which implies the company doesn’t pay a dividend at all.
Poor Weak Fair Decent Strong Excellent Elite NA
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. This is why a high-grade stock can drop off the 30-52 DTE board entirely 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.
Relative performance (RP) - 1M/3M/12M
How the stock has performed against the rest of the market over the past 1, 3, and 12 months. For each window, every stock’s return is measured against SPY, then the entire market is ranked from 1 to 100. A 90 implies the stock outperformed 90% of the market over that window. Readings of 80 or above are highlighted green (a market leader), and 30 or below red (a laggard). Wheel traders like to read these three numbers together and look for alignment. Green across all three implies a stock that has led the market for a year and is still leading it today. A strong 12-month reading next to a weak 1-month reading implies a long-term leader that’s pulling back, which can be a healthy entry on a quality name, or the first sign the trend is breaking (so check the rest of the row before you sell the put).
Bollinger Percent B (%b)
Where a stock sits between its Bollinger Bands. A value of 0 indicates the stock closed right on its lower band, 0.5 on its 20-day moving average, and 1 on its upper band. This value can drop below 0 (or rise above 1) when the stock closes outside the bands. On a quality name that’s trending upwards, a low reading is a signal many weekly option sellers look for, since the lower band marks the bottom edge of the stock’s normal trading range, and may indicate a reversal is upcoming. Readings of 0.2 or below are highlighted green (the stock is in the bottom fifth of its range), and 0.8 or above red (the top fifth).
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

103

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

93

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).

90.9%

Win Rate

56

Trades Closed

15.2%

YTD Return

19 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 October 11, 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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