Premium Screener
Options Yield Screener
Scan for the best CSP and covered call yields across hundreds of stocks. Filter by delta, DTE, and minimum premium. Find your next trade in seconds.
Filters
Min:
—Max:
Selected: .20 — .30$
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Set your filters above and click “Search Yields” to scan for the best premium opportunities.
Scans 60+ stocks across multiple market cap tiers.
Disclaimer: Yields shown are estimates based on current mid prices and Black-Scholes delta approximations. Actual fills may differ. High yields often indicate higher risk (elevated IV, earnings, volatile stocks). Always verify with your broker before trading. Not investment advice.
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Frequently Asked Questions
How is annualized yield calculated?
It's (premium / capital required) × (365 / DTE) × 100. For CSPs, capital required is the strike × 100 shares. For covered calls, it's the stock price × 100 shares. It projects your return as if you repeated the same trade all year. A 2% return on a 30-day trade annualizes to about 24%. That's the number I use to compare opportunities.
What delta should I filter by?
I use .20 to .30 for CSPs. That gives you roughly a 70-80% chance of the option expiring worthless — you keep the premium and move on. Lower deltas (.15-.20) are safer but the premiums are thin. Higher deltas (.30-.40) pay more but you'll get assigned more often. Pick based on how much assignment risk you're comfortable with.
What market cap works best for the wheel?
Large-cap and mega-cap stocks are the safest — stable, liquid, tight bid-ask spreads. Mid-caps often have better premiums because IV is higher, but they come with more risk. Stay away from micro-caps. The spreads are wide, liquidity is low, and a bad earnings report can gap the stock 30%.
How fresh is the yield data?
It pulls from live options chains when you search. Results are cached for 15 minutes so the page loads fast. During market hours, prices are near real-time. After hours, you're seeing the last closing prices. Always verify the actual bid/ask with your broker before placing a trade.
What does return on capital (ROC) mean?
It's the percentage you earn on the capital you tie up for one trade: (premium / capital at risk) × 100. Sell a $50 strike CSP and collect $1.50? That's $150 / $5,000 = 3.0% ROC. Annualized yield takes that 3% and projects it over a full year. Both numbers matter — ROC tells you what you actually make, annualized yield helps you compare trades with different DTEs.