screen_options_wheel
Screen for cash-secured put candidates with high premium yields for the wheel strategy. Identifies liquid stocks with attractive put premiums relative to collateral.
Instructions
Screen for the best cash-secured put candidates for the wheel strategy.
The wheel strategy: sell cash-secured puts → if assigned, sell covered calls → repeat. This tool identifies liquid stocks with high put premiums relative to collateral.
Args: min_premium_pct: Minimum premium as % of collateral per month (default 0.5%) max_price: Maximum stock price to consider (default $300 - caps collateral) min_price: Minimum stock price (default $20 - avoids penny stocks)
Returns: JSON with ranked wheel candidates including premium yields and risk metrics.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| min_premium_pct | No | ||
| max_price | No | ||
| min_price | No |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
| result | Yes |