find_wheel_candidates
Find cash-secured put candidates for wheel strategies, filtering out S&P 500 stocks with earnings, FDA, or legal catalysts inside the option expiry window.
Instructions
Find cash-secured put candidates (the wheel strategy) that have no hidden catalyst in the expiry window.
Use this when someone asks what puts to sell this week, for wheel or cash-secured-put ideas, for "safe premium" to collect, or which stocks pay well without an earnings report coming up.
Scans the whole S&P 500 and returns only names whose catalyst-risk score over the option's own expiry window is under max_risk — so candidates with earnings, FDA decisions or legal events inside the window are filtered out rather than surfaced as fake high-yield opportunities.
Args: week: Expiry bucket — "this" (1-7 days), "next" (8-14), "two", "three", "month" (1-35), or "all" (up to 45 days). "all" returns the most results. risk: How close to the money to sell — "conservative" (~0.20 delta, further out, safer), "balanced" (~0.30), or "aggressive" (~0.40, more premium, more assignment risk). max_risk: Maximum catalyst-risk score to allow, 0-100. 55 is a sensible default; lower it to 40 for a stricter list. min_put_oi: Minimum put open interest, to keep results actually tradeable. Keep at 100 during market hours. sector: Optional GICS sector filter, e.g. "Technology", "Health Care", "Financials". Empty means all sectors. limit: How many candidates to return (1-25).
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| risk | No | balanced | |
| week | No | all | |
| limit | No | ||
| sector | No | ||
| max_risk | No | ||
| min_put_oi | No |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
| result | Yes |