Options Wheel Strategy Screener

Screen a watchlist of stock tickers for cash-secured put candidates suited to the options wheel strategy, using free Yahoo Finance data via yfinance with no API key required. Finds the expiration nearest a target days-to-expiration window, selects the put strike closest to a target out-of-the-money percentage, and estimates period and annualized premium yield alongside implied volatility, volume, and open interest. Built for options trading, income-generation, and passive income workflows where selling premium on quality tickers is the core strategy. Idea generation only — does not place trades or connect to a broker.

Scans a ticker watchlist for cash-secured put candidates that fit the options "wheel" strategy — selling puts for premium income, with the willingness to take assignment and sell covered calls if exercised.

When to use this skill

• Building a weekly/monthly watchlist of wheel candidates across a basket of tickers
• Comparing annualized premium yield across tickers at a consistent DTE (days-to-expiration) and OTM% target
• Quickly checking liquidity (volume, open interest) before considering a strike

How to use it

text

python3 scripts/wheel_screener.py AAPL MSFT KO PEP --dte 30 --otm-pct 5
python3 scripts/wheel_screener.py AAPL --dte 21 --otm-pct 8 --min-premium-yield 1.0

• --dte: target days to expiration (the script picks the closest available real expiration)
• --otm-pct: how far out-of-the-money to target the put strike
• --min-premium-yield: flags rows meeting an annualized-yield-implied minimum period yield with an asterisk

Limitations

• Uses moneyness (strike distance from spot) as a delta proxy, not live option greeks — yfinance does not expose real-time delta
• Premium is estimated from bid/ask midpoint, which can be stale or wide for illiquid names — always check the live quote before trading
• Screening/idea-generation only; does not execute trades or connect to a brokerage. Not financial advice.