---
title: "The Best Stocks for the Wheel Strategy Right Now"
description: "Stop guessing which stocks to Wheel. Every Monday I publish the ones that I'd personally trade, including the cash-secured put setups for them."
date: 2026-09-21
lastmod: 2026-10-19
canonical: https://wheelmetrics.io/best-stocks-wheel-strategy/
---

> For the complete WheelMetrics content index, see [llms.txt](https://wheelmetrics.io/llms.txt). This is the Markdown edition of https://wheelmetrics.io/best-stocks-wheel-strategy/.

# The Best Stocks for the Wheel Strategy Right Now

Updated every Monday. Last updated October 19, 2026 (screen as of 2026-10-19).

By Adrian Rosebrock, PhD, Founder, WheelMetrics.

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.


## 30 to 52 DTE (My preferred Wheel timeframe)

**I only Wheel companies I'd be content owning for 6-12+ months if the put I sold gets assigned.** My algorithms grade the entire stock market on six fundamental factors, then the options screener scans only the tickers that pass for high-probability put setups. Everything below is what cleared the screen as of the time above.

### MU · Micron Technology, Inc.

- Industry: Semiconductors
- Grade: 99/100 · Value: Excellent · Growth: Excellent · Dividend: Poor
- Last: $916.35 · Earnings in 65 days
- Fundamentals: PE upside 198.5% · Revenue growth 5Y 36.8% · EPS growth 5Y 70.5% · FCF/net income 69.4% · ROIC 88.8% · Profit margin 63.8% · Net debt/EBITDA -0.4 · Debt/equity 0.00 · Forward PEG 0.10 · Revenue next year 15.7%
- Historical volatility (annualized): 1M 48% · 3M 70% · 12M 81%
- Relative performance (1-100 rank against the market): 1M 27 · 3M 72 · 12M 100

**MU · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $850.00 | $28.45 | $29.60 | $29.03 | — | 0.29 | 39 | 7.2% | 32.0% | 3.42% |
| $850.00 | $25.65 | $26.20 | $25.92 | — | 0.28 | 32 | 7.2% | 34.8% | 3.05% |
| $840.00 | $25.40 | $27.35 | $26.38 | — | 0.27 | 39 | 8.3% | 29.4% | 3.14% |
| $840.00 | $22.75 | $23.30 | $23.03 | — | 0.26 | 32 | 8.3% | 31.3% | 2.74% |
| $830.00 | $20.20 | $20.75 | $20.48 | 51% | 0.23 | 32 | 9.4% | 28.1% | 2.47% |
| $825.00 | $21.50 | $22.30 | $21.90 | 49% | 0.23 | 39 | 10.0% | 24.8% | 2.65% |
| $820.00 | $17.90 | $18.45 | $18.17 | 51% | 0.21 | 32 | 10.5% | 25.3% | 2.22% |
| $810.00 | $15.80 | $16.20 | $16.00 | 51% | 0.19 | 32 | 11.6% | 22.5% | 1.98% |
| $800.00 | $13.90 | $14.25 | $14.08 | 52% | 0.17 | 32 | 12.7% | 20.1% | 1.76% |

### HPE · Hewlett Packard Enterprise Company

- Industry: Computer Hardware
- Grade: 99/100 · Value: Excellent · Growth: Decent · Dividend: Decent
- Last: $56.83 · Earnings in 45 days
- Fundamentals: PE upside -20.4% · Revenue growth 5Y 8.7% · EPS growth 5Y 20.0% · FCF/net income 148.9% · ROIC 6.7% · Profit margin 6.7% · Net debt/EBITDA 2.1 · Debt/equity 0.80 · Forward PEG 0.60 · Revenue next year 17.7%
- Historical volatility (annualized): 1M 62% · 3M 68% · 12M 58%
- Relative performance (1-100 rank against the market): 1M 35 · 3M 92 · 12M 99

**HPE · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $50.00 | $1.50 | $1.63 | $1.57 | 65% | 0.22 | 32 | 12.0% | 35.8% | 3.14% |
| $49.00 | $1.26 | $1.41 | $1.34 | 65% | 0.19 | 32 | 13.8% | 31.2% | 2.73% |
| $48.00 | $1.03 | $1.20 | $1.12 | 66% | 0.17 | 32 | 15.5% | 26.6% | 2.33% |
| $47.00 | $0.85 | $1.17 | $1.01 | 66% | 0.15 | 32 | 17.3% | 24.5% | 2.15% |

### FRO · Frontline Plc

- Industry: Marine Shipping
- Grade: 98/100 · Value: Strong · Growth: Strong · Dividend: Excellent
- Last: $51.90 · Earnings in 42 days
- Fundamentals: PE upside -35.1% · Revenue growth 5Y 30.7% · EPS growth 5Y — · FCF/net income 46.4% · ROIC 29.3% · Profit margin 54.8% · Net debt/EBITDA 1.1 · Debt/equity 0.80 · Forward PEG — · Revenue next year -34.4%
- Historical volatility (annualized): 1M 51% · 3M 43% · 12M 44%
- Relative performance (1-100 rank against the market): 1M 86 · 3M 97 · 12M 98

**FRO · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $45.00 | $0.95 | $1.15 | $1.05 | 61% | 0.18 | 32 | 13.3% | 26.6% | 2.33% |
| $44.20 | $0.70 | $1.35 | $1.02 | 60% | 0.17 | 32 | 14.8% | 26.3% | 2.31% |

### KEYS · Keysight Technologies, Inc.

- Industry: Hardware, Equipment & Parts
- Grade: 95/100 · Value: Excellent · Growth: Decent · Dividend: NA
- Last: $338.40 · Earnings in 35 days
- Fundamentals: PE upside 42.7% · Revenue growth 5Y 6.2% · EPS growth 5Y 10.8% · FCF/net income 116.6% · ROIC 14.6% · Profit margin 19.1% · Net debt/EBITDA 0.1 · Debt/equity 0.40 · Forward PEG 1.40 · Revenue next year 15.4%
- Historical volatility (annualized): 1M 34% · 3M 40% · 12M 45%
- Relative performance (1-100 rank against the market): 1M 55 · 3M 78 · 12M 97

**KEYS · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $310.00 | $6.90 | $9.80 | $8.35 | 45% | 0.25 | 32 | 8.4% | 30.7% | 2.69% |
| $300.00 | $4.70 | $7.30 | $6.00 | 49% | 0.19 | 32 | 11.3% | 22.8% | 2.00% |

### WDAY · Workday, Inc.

- Industry: Software - Application
- Grade: 94/100 · Value: Strong · Growth: Strong · Dividend: NA
- Last: $192.76 · Earnings in 36 days
- Fundamentals: PE upside 132.4% · Revenue growth 5Y 16.8% · EPS growth 5Y — · FCF/net income 227.3% · ROIC 9.8% · Profit margin 12.3% · Net debt/EBITDA 0.2 · Debt/equity 0.60 · Forward PEG 0.90 · Revenue next year 10.5%
- Historical volatility (annualized): 1M 28% · 3M 61% · 12M 54%
- Relative performance (1-100 rank against the market): 1M 66 · 3M 94 · 12M 38

**WDAY · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $180.00 | $4.40 | $5.40 | $4.90 | 44% | 0.28 | 32 | 6.6% | 31.1% | 2.72% |

### FIVE · Five Below, Inc.

- Industry: Specialty Retail
- Grade: 93/100 · Value: Excellent · Growth: Excellent · Dividend: NA
- Last: $222.70 · Earnings in 44 days
- Fundamentals: PE upside 28.9% · Revenue growth 5Y 15.5% · EPS growth 5Y 19.4% · FCF/net income 96.8% · ROIC 14.1% · Profit margin 11.7% · Net debt/EBITDA 0.9 · Debt/equity 0.80 · Forward PEG 2.50 · Revenue next year 9.3%
- Historical volatility (annualized): 1M 31% · 3M 39% · 12M 38%
- Relative performance (1-100 rank against the market): 1M 47 · 3M 83 · 12M 87

**FIVE · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $210.00 | $4.10 | $5.80 | $4.95 | 38% | 0.29 | 32 | 5.7% | 26.9% | 2.36% |

### AVGO · Broadcom Inc.

- Industry: Semiconductors
- Grade: 93/100 · Value: Elite · Growth: Elite · Dividend: Excellent
- Last: $337.44 · Earnings in 51 days
- Fundamentals: PE upside 116.2% · Revenue growth 5Y 27.4% · EPS growth 5Y 42.2% · FCF/net income 103.0% · ROIC 27.6% · Profit margin 42.9% · Net debt/EBITDA 0.7 · Debt/equity 0.60 · Forward PEG 0.90 · Revenue next year 64.2%
- Historical volatility (annualized): 1M 37% · 3M 38% · 12M 46%
- Relative performance (1-100 rank against the market): 1M 38 · 3M 39 · 12M 49

**AVGO · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $320.00 | $7.40 | $7.60 | $7.50 | — | 0.30 | 32 | 5.2% | 26.7% | 2.34% |
| $315.00 | $6.90 | $7.80 | $7.35 | 37% | 0.27 | 39 | 6.7% | 21.8% | 2.33% |

### CIEN · Ciena Corporation

- Industry: Communication Equipment
- Grade: 92/100 · Value: Strong · Growth: Strong · Dividend: NA
- Last: $342.34 · Earnings in 52 days
- Fundamentals: PE upside 13.6% · Revenue growth 5Y 12.0% · EPS growth 5Y 8.7% · FCF/net income 124.4% · ROIC 13.8% · Profit margin 10.9% · Net debt/EBITDA 0.7 · Debt/equity 1.10 · Forward PEG 0.90 · Revenue next year 30.9%
- Historical volatility (annualized): 1M 90% · 3M 84% · 12M 76%
- Relative performance (1-100 rank against the market): 1M 39 · 3M 40 · 12M 96

**CIEN · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $310.00 | $10.30 | $13.50 | $11.90 | 69% | 0.26 | 32 | 9.4% | 43.8% | 3.84% |
| $300.00 | $9.30 | $10.40 | $9.85 | 72% | 0.22 | 32 | 12.4% | 37.5% | 3.28% |
| $290.00 | $6.70 | $7.90 | $7.30 | 72% | 0.18 | 32 | 15.3% | 28.7% | 2.52% |
| $280.00 | $3.30 | $7.70 | $5.50 | 72% | 0.14 | 32 | 18.2% | 22.4% | 1.96% |

## Markets move. Your research should keep up. (WheelMetrics Pro)

Spot high-quality setups as they emerge. A midweek pullback, IV spike, or post-earnings move can create an attractive setup that wasn't there before.

**WheelMetrics Pro** rescreens these same boards **_every hour_ the market is open**, helping you spot attractive setups as conditions change.

[Unlock hourly screening](https://wheelmetrics.io/pro/)

## Weekly options (For faster trade turnover)

**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 healthy pullbacks. Everything below is what cleared the screen as of the time above.

### SNDK · Sandisk Corporation

- Industry: Computer Hardware
- Grade: 100/100 · Value: Strong · Growth: Strong · Dividend: NA
- Last: $1388.90 · Earnings in 10 days
- Momentum: %b 0.14 · RSI 36.8 · Stoch RSI 0.08
- Historical volatility (annualized): 1M 59% · 3M 104% · 12M 114%
- Relative performance (1-100 rank against the market): 1M 14 · 3M 51 · 12M 100

**SNDK · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $1330.00 | $21.60 | $23.60 | $22.60 | — | 0.29 | 4 | 4.2% | 155.1% | 1.70% |
| $1325.00 | $20.50 | $21.50 | $21.00 | — | 0.28 | 4 | 4.6% | 144.6% | 1.58% |
| $1320.00 | $19.20 | $20.30 | $19.75 | — | 0.26 | 4 | 5.0% | 136.5% | 1.50% |
| $1315.00 | $17.40 | $19.00 | $18.20 | — | 0.25 | 4 | 5.3% | 126.3% | 1.38% |
| $1310.00 | $16.90 | $17.80 | $17.35 | — | 0.23 | 4 | 5.7% | 120.8% | 1.32% |
| $1300.00 | $14.60 | $15.40 | $15.00 | — | 0.21 | 4 | 6.4% | 105.3% | 1.15% |
| $1295.00 | $13.00 | $14.40 | $13.70 | — | 0.20 | 4 | 6.8% | 96.5% | 1.06% |
| $1290.00 | $12.00 | $13.70 | $12.85 | — | 0.19 | 4 | 7.1% | 90.9% | 1.00% |
| $1285.00 | $11.10 | $12.60 | $11.85 | — | 0.17 | 4 | 7.5% | 84.2% | 0.92% |
| $1280.00 | $10.40 | $11.70 | $11.05 | 88% | 0.16 | 4 | 7.8% | 78.8% | 0.86% |
| $1270.00 | $9.00 | $10.20 | $9.60 | 88% | 0.15 | 4 | 8.6% | 69.0% | 0.76% |
| $1275.00 | $9.70 | $10.80 | $10.25 | 89% | 0.15 | 4 | 8.2% | 73.4% | 0.80% |
| $1260.00 | $7.60 | $8.70 | $8.15 | 90% | 0.13 | 4 | 9.3% | 59.0% | 0.65% |
| $1250.00 | $7.00 | $7.30 | $7.15 | 86% | 0.11 | 4 | 10.0% | 52.2% | 0.57% |
| $1245.00 | $6.00 | $6.80 | $6.40 | 91% | 0.10 | 4 | 10.4% | 46.9% | 0.51% |

### MU · Micron Technology, Inc.

- Industry: Semiconductors
- Grade: 99/100 · Value: Excellent · Growth: Excellent · Dividend: Poor
- Last: $916.35 · Earnings in 65 days
- Momentum: %b 0.11 · RSI 39.0 · Stoch RSI 0.09
- Historical volatility (annualized): 1M 48% · 3M 70% · 12M 81%
- Relative performance (1-100 rank against the market): 1M 27 · 3M 72 · 12M 100

**MU · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $885.00 | $10.60 | $10.80 | $10.70 | — | 0.28 | 4 | 3.4% | 110.3% | 1.21% |
| $880.00 | $9.30 | $9.50 | $9.40 | — | 0.26 | 4 | 4.0% | 97.5% | 1.07% |
| $875.00 | $8.15 | $8.35 | $8.25 | — | 0.23 | 4 | 4.5% | 86.0% | 0.94% |
| $870.00 | $7.15 | $7.30 | $7.23 | — | 0.21 | 4 | 5.1% | 75.8% | 0.83% |
| $865.00 | $6.25 | $6.35 | $6.30 | — | 0.18 | 4 | 5.6% | 66.5% | 0.73% |
| $860.00 | $5.40 | $5.55 | $5.48 | 63% | 0.16 | 4 | 6.2% | 58.1% | 0.64% |
| $855.00 | $4.70 | $4.85 | $4.78 | 64% | 0.14 | 4 | 6.7% | 51.0% | 0.56% |

### HPE · Hewlett Packard Enterprise Company

- Industry: Computer Hardware
- Grade: 99/100 · Value: Excellent · Growth: Decent · Dividend: Decent
- Last: $56.83 · Earnings in 45 days
- Momentum: %b 0.11 · RSI 40.6 · Stoch RSI 0.03
- Historical volatility (annualized): 1M 62% · 3M 68% · 12M 58%
- Relative performance (1-100 rank against the market): 1M 35 · 3M 92 · 12M 99

**HPE · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $54.00 | $0.71 | $0.79 | $0.75 | — | 0.26 | 4 | 5.0% | 126.7% | 1.39% |
| $53.00 | $0.45 | $0.55 | $0.50 | 80% | 0.19 | 4 | 6.7% | 86.1% | 0.94% |
| $52.00 | $0.31 | $0.37 | $0.34 | 84% | 0.14 | 4 | 8.5% | 59.7% | 0.65% |

### CVX · Chevron Corporation

- Industry: Oil & Gas Integrated
- Grade: 99/100 · Value: Excellent · Growth: Strong · Dividend: Strong
- Last: $224.36 · Earnings in 11 days
- Momentum: %b 0.97 · RSI 70.0 · Stoch RSI 0.90
- Historical volatility (annualized): 1M 20% · 3M 24% · 12M 24%
- Relative performance (1-100 rank against the market): 1M 94 · 3M 90 · 12M 88

**CVX · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $220.00 | $1.05 | $1.14 | $1.10 | — | 0.26 | 4 | 1.9% | 45.6% | 0.50% |

### NVDA · NVIDIA Corporation

- Industry: Semiconductors
- Grade: 99/100 · Value: Excellent · Growth: Excellent · Dividend: Excellent
- Last: $217.85 · Earnings in 30 days
- Momentum: %b 0.15 · RSI 40.2 · Stoch RSI 0.03
- Historical volatility (annualized): 1M 24% · 3M 37% · 12M 37%
- Relative performance (1-100 rank against the market): 1M 46 · 3M 78 · 12M 74

**NVDA · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $212.50 | $1.57 | $1.59 | $1.58 | — | 0.27 | 4 | 2.5% | 67.8% | 0.74% |
| $210.00 | $1.05 | $1.06 | $1.06 | 43% | 0.19 | 4 | 3.6% | 46.1% | 0.50% |

### OSCR · Oscar Health, Inc.

- Industry: Medical - Healthcare Plans
- Grade: 99/100 · Value: Excellent · Growth: Strong · Dividend: NA
- Last: $33.23 · Earnings in 17 days
- Momentum: %b 0.71 · RSI 54.0 · Stoch RSI 0.48
- Historical volatility (annualized): 1M 43% · 3M 54% · 12M 68%
- Relative performance (1-100 rank against the market): 1M 79 · 3M 81 · 12M 92

**OSCR · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $31.00 | $0.21 | $0.36 | $0.28 | 76% | 0.19 | 4 | 6.7% | 82.4% | 0.90% |
| $30.50 | $0.13 | $0.32 | $0.23 | 74% | 0.15 | 4 | 8.2% | 68.8% | 0.75% |
| $30.00 | $0.10 | $0.28 | $0.19 | 79% | 0.12 | 4 | 9.7% | 57.8% | 0.63% |

### STX · Seagate Technology Holdings plc

- Industry: Computer Hardware
- Grade: 99/100 · Value: Strong · Growth: Excellent · Dividend: Strong
- Last: $662.59 · Earnings in 9 days
- Momentum: %b 0.09 · RSI 31.5 · Stoch RSI 0.04
- Historical volatility (annualized): 1M 67% · 3M 71% · 12M 76%
- Relative performance (1-100 rank against the market): 1M 14 · 3M 29 · 12M 100

**STX · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $632.50 | $9.60 | $10.00 | $9.80 | 91% | 0.28 | 4 | 4.5% | 141.4% | 1.55% |
| $630.00 | $8.90 | $9.60 | $9.25 | 91% | 0.26 | 4 | 4.9% | 134.0% | 1.47% |
| $625.00 | $7.60 | $8.10 | $7.85 | 92% | 0.23 | 4 | 5.7% | 114.6% | 1.26% |
| $620.00 | $6.50 | $6.90 | $6.70 | 92% | 0.21 | 4 | 6.4% | 98.6% | 1.08% |
| $605.00 | $4.00 | $4.30 | $4.15 | 93% | 0.14 | 4 | 8.7% | 62.6% | 0.69% |
| $600.00 | $3.30 | $3.60 | $3.45 | 94% | 0.12 | 4 | 9.4% | 52.5% | 0.57% |

### WDAY · Workday, Inc.

- Industry: Software - Application
- Grade: 94/100 · Value: Strong · Growth: Strong · Dividend: NA
- Last: $192.76 · Earnings in 36 days
- Momentum: %b 0.83 · RSI 54.3 · Stoch RSI 0.72
- Historical volatility (annualized): 1M 28% · 3M 61% · 12M 54%
- Relative performance (1-100 rank against the market): 1M 66 · 3M 94 · 12M 38

**WDAY · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $187.50 | $1.80 | $2.40 | $2.10 | 56% | 0.29 | 4 | 2.7% | 102.2% | 1.12% |
| $185.00 | $1.00 | $1.65 | $1.33 | — | 0.21 | 4 | 4.0% | 65.6% | 0.72% |

### TSEM · Tower Semiconductor Ltd.

- Industry: Semiconductors
- Grade: 93/100 · Value: Strong · Growth: Strong · Dividend: NA
- Last: $201.12 · Earnings in 21 days
- Momentum: %b 0.10 · RSI 39.7 · Stoch RSI 0.03
- Historical volatility (annualized): 1M 69% · 3M 84% · 12M 82%
- Relative performance (1-100 rank against the market): 1M 26 · 3M 38 · 12M 99

**TSEM · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $190.00 | $2.90 | $4.00 | $3.45 | 116% | 0.26 | 4 | 5.5% | 165.7% | 1.82% |
| $180.00 | $0.40 | $3.90 | $2.15 | 126% | 0.16 | 4 | 10.5% | 109.0% | 1.19% |
| $175.00 | $0.15 | $4.90 | $2.53 | 150% | 0.15 | 4 | 13.0% | 131.9% | 1.45% |

### AVGO · Broadcom Inc.

- Industry: Semiconductors
- Grade: 93/100 · Value: Elite · Growth: Elite · Dividend: Excellent
- Last: $337.44 · Earnings in 51 days
- Momentum: %b 0.15 · RSI 38.6 · Stoch RSI 0.08
- Historical volatility (annualized): 1M 37% · 3M 38% · 12M 46%
- Relative performance (1-100 rank against the market): 1M 38 · 3M 39 · 12M 49

**AVGO · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $330.00 | $2.86 | $2.96 | $2.91 | — | 0.30 | 4 | 2.2% | 80.5% | 0.88% |
| $327.50 | $2.22 | $2.30 | $2.26 | — | 0.24 | 4 | 3.0% | 63.0% | 0.69% |
| $325.00 | $1.71 | $1.77 | $1.74 | 47% | 0.20 | 4 | 3.7% | 48.9% | 0.54% |

### CIEN · Ciena Corporation

- Industry: Communication Equipment
- Grade: 92/100 · Value: Strong · Growth: Strong · Dividend: NA
- Last: $342.34 · Earnings in 52 days
- Momentum: %b 0.24 · RSI 42.3 · Stoch RSI 0.03
- Historical volatility (annualized): 1M 90% · 3M 84% · 12M 76%
- Relative performance (1-100 rank against the market): 1M 39 · 3M 40 · 12M 96

**CIEN · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $325.00 | $3.90 | $5.50 | $4.70 | — | 0.25 | 4 | 5.1% | 132.0% | 1.45% |
| $320.00 | $2.30 | $4.10 | $3.20 | 102% | 0.19 | 4 | 6.5% | 91.2% | 1.00% |
| $315.00 | $1.80 | $3.10 | $2.45 | — | 0.15 | 4 | 8.0% | 71.0% | 0.78% |
| $310.00 | $1.25 | $2.95 | $2.10 | 91% | 0.13 | 4 | 9.4% | 61.8% | 0.68% |

### COHR · Coherent, Inc.

- Industry: Hardware, Equipment & Parts
- Grade: 92/100 · Value: Strong · Growth: Decent · Dividend: NA
- Last: $237.27 · Earnings in 16 days
- Momentum: %b 0.04 · RSI 34.1 · Stoch RSI 0.01
- Historical volatility (annualized): 1M 82% · 3M 102% · 12M 88%
- Relative performance (1-100 rank against the market): 1M 13 · 3M 32 · 12M 96

**COHR · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $225.00 | $3.40 | $4.50 | $3.95 | — | 0.27 | 4 | 5.2% | 160.2% | 1.76% |
| $220.00 | $2.25 | $3.30 | $2.78 | 98% | 0.20 | 4 | 7.3% | 115.3% | 1.26% |
| $215.00 | $1.50 | $2.25 | $1.88 | 100% | 0.15 | 4 | 9.4% | 79.8% | 0.87% |
| $210.00 | $0.75 | $1.95 | $1.35 | 98% | 0.11 | 4 | 11.5% | 58.7% | 0.64% |

### B · Barrick Mining Corporation

- Industry: Gold
- Grade: 76/100 · Value: Excellent · Growth: Excellent · Dividend: Excellent
- Last: $40.49 · Earnings in 21 days
- Momentum: %b 0.42 · RSI 45.5 · Stoch RSI 0.92
- Historical volatility (annualized): 1M 37% · 3M 44% · 12M 48%
- Relative performance (1-100 rank against the market): 1M 51 · 3M 89 · 12M 74

**B · Cash-Secured Puts**

| Strike | Bid | Ask | Mark | IV | Delta | DTE | OTM | Annual yield | ROC |
|---|---|---|---|---|---|---|---|---|---|
| $39.50 | $0.29 | $0.36 | $0.32 | 44% | 0.29 | 4 | 2.5% | 73.9% | 0.81% |
| $39.00 | $0.17 | $0.22 | $0.20 | — | 0.20 | 4 | 3.7% | 46.8% | 0.51% |

## How I screen stocks and options (Quantamental screening)

**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.

The funnel this week:

- 4,000+ stocks screened, before any options data is touched
- 115 companies passed the stock quality screener this week, graded on six fundamental factors
- 80 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)_

## Column definitions

- **%b**: Where the stock sits between its Bollinger Bands. 0 is the lower band, 0.5 the 20-day average, and 1 the upper band. Readings of 0.2 or below are highlighted green (near the bottom of the range), and 0.8 or above red (near the top).
- **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.
- **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. NA implies the company doesn't pay a dividend (which _does not_ negatively impact the overall grade).
- **earnings in**: Days until the next earnings report. Holding a put through earnings introduces binary event risk and is generally frowned upon, so my options screener _automatically_ filters out any put that would expire after the next report.
- **eps growth 5y**: Average annual earnings-per-share growth over the last five years. We target 7% or more.
- **fcf / net income**: Free cash flow as a share of reported net income. We target 80% or more, meaning the earnings are backed by real cash instead of accounting timing.
- **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.
- **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.
- **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.
- **last**: The stock's most recent traded price.
- **net debt / ebitda**: Number of years of earnings it would take to pay off net debt. We target < 3.0. Negative means the company holds more cash than debt, which is typically a good thing.
- **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.
- **profit margin**: Net income as a share of revenue, targeting 10% or more. Thinner margins usually mean brutal competition or commodity exposure.
- **rev next yr**: Consensus revenue growth expected next fiscal year. The target is 7% or more, which flags companies that are accelerating.
- **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.
- **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%.
- **rp 1m / 3m / 12m**: Relative performance (1-100) over the past 1, 3, and 12 months, ranked against the entire stock market using SPY as the benchmark. 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).
- **rsi**: Relative strength technical indicator (0-100). On a quality, trending name, a low reading typically implies the stock is oversold and 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).
- **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 once at least one of its contracts clears.
- **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.
- **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.

## 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.
- **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).
- **Implied volatility (IV)**: Implied volatility (annualized) the options market is pricing into each contract. IV is the **single biggest driver of how much premium a put pays**. The highest IVs on the board usually belong to the names that have been falling (the market is pricing more of the same), so rich premium on its own is not an edge. For that, you need historical volatility (HV).
- **Historical volatility (HV) - 1M/3M/12M**: Historical volatility measures the volatility the stock has _actually seen_ over the past 1, 3, and 12 months (IV is forward-looking, HV is backward-looking). Hover over any IV value to see a ticker's HV values. Next, compare IV to the HV window closest to the contract's DTE. IV above HV means the put is priced for more movement than the stock has shown (which is the premium seller's edge). Then compare the windows to each other: a 1M well above the 12M is a choppier stretch than usual. For example, conservative Wheel traders will typically only sell a put when (1) IV sits above the matching HV window, (2) the windows agree the stock is behaving normally, and (3) the strike sits beyond the move IV implies. If all three do not hold, Wheel traders may choose to go further out, size smaller, or skip the trade altogether.

## I trade this system with **my own money**

*[Performance verified by an independent CPA](https://wheelmetrics.io/blog/wheelmetrics-pro-verified-results-2026-h1/)*

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.

Launched **January 1, 2026** with **$27,000** of my own money, deliberately sized to match what a typical reader is working with.

- Win Rate: 88.5%
  - Percentage of closed trades that were profitable (put assignments are count as losses, even when premium was collected).
- Trades Closed: 61
  - Total number of options trades closed this year, including trades that expired, were bought back, or resulted in assignment.
- Cash Flow Return: 37.8%
  - Cash flow generated from selling options, measured as net premiums collected divided by starting capital. Excludes gains and losses from owning shares.
- YTD Return: 15.3%
  - Total account return since January 1, 2026. **Includes realized and unrealized gains and losses.** Independently verified against my Schwab brokerage statements by a CPA.

**Independently Verified.** An independent CPA checks these numbers against my Charles Schwab statements. The report is published every six months, whether I made or lost money. [Read the Latest Verification Report](https://wheelmetrics.io/blog/wheelmetrics-pro-verified-results-2026-h1/)

Past performance doesn't guarantee future results. I share these numbers for transparency, not as a promise of your returns. Last updated October 21, 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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*WheelMetrics content is educational and is not individualized financial advice. Source: https://wheelmetrics.io/best-stocks-wheel-strategy/*