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Turn idle cash into steady premium, one wheel at a time

The Most All-rounded OptionToolkit for Wheel Strategy

Screen the best stocks and the best option to start. Managed the wheel cycle with recommended next best actions for closing, rolling and assignment.

01Screen02Plan the calendar03Sell the put04Assignment05Covered call06Called away
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1,500optionable US stocks scored on fundamentals, growth and technicals, each paired with its best cash-secured put.

Find

Screener

The Best Practice Wheel Screen narrows 1,500 optionable US stocks to names with strong fundamentals, real growth and solid technical signals, and pairs each with the best contract for a cash-secured put entry. Every score is a range filter, so the screen ends up yours rather than ours.

  • Focus on established U.S. companies above $5B market cap: improves investability, liquidity, and data quality.
  • Fundamental Score measures business quality and valuation: identifies financially strong companies trading at attractive prices.
  • Growth Score measures forward earnings and revenue momentum: highlights companies where business expectations are improving.
  • Technical Score measures risk-adjusted price strength.
  • Combined Stock Score combines all three: surfaces stocks with the strongest overall setup across quality, growth, and market momentum.
optiontoolkit - ScreenerHow every score works?

Best Practice Screen for stocks with strong fundamentals, nice growth and solid technical signals, together with its best option for cash-secured put entry to the wheel.

Best Practice Wheel ScreenBest OptionsStrong GrowthStrong FundamentalsStrong MomentumHigh Premium
SymbolPriceStock
Score ↓
Option
Score
StrikeAnn.
Yield
Watch
CNC $67.48105$62.521.0%Log trade
ANET $198.8296$185.032.5%Log trade
FTNT $160.0196$150.028.5%Log trade
DAL $89.3586$85.025.0%Log trade
UMC $19.1587$18.052.5%Log trade
Watchlistexpiry weeks
Symbol09-0409-1810-1610-23 ⚠ 410-30 ⚠ 4AMZN1× Put $260EarningDAL2× Put $83EarningKO2× Put $85EarningPCG7× Put $17EarningPM1× Put $180Earning

Plan

Watchlist calendar

Positions do not fail one at a time, they fail in clusters on the same expiry. The watchlist lays symbols against expiry weeks so crowding and earnings collisions show up as a shape rather than a spreadsheet lookup.

  • Weekly expiry columns with a warning count on the crowded ones
  • Every planned and open put drawn on its expiry week
  • Earnings markers per symbol, positioned by date

Plan

The chain, filtered to your band

Open any symbol and the option chain arrives already filtered: three expiries side by side, strikes around your delta band shaded, premium, delta, annualized yield and IV per cell. One press plans the contract as a Pending leg.

  • Puts inside your delta band highlighted; nearest neighbors shown for context
  • Mid, delta, annualized yield, IV and open interest per contract
  • A 1Y price chart underneath with your candidate strike drawn on it
AMZN chainspot $262.18 · 0.20–0.30Δ band

Sep 25 31d

StrikeMidΔAnn.
$255.00$5.63-0.3326%
$250.00$4.08-0.2619%
$245.00$2.84-0.2014%
$240.00$1.99-0.1510%

Oct 16 52d

StrikeMidΔAnn.
$255.00$8.18-0.3523%
$250.00$6.40-0.3018%
$245.00$4.93-0.2414%
$240.00$3.78-0.2011%

Shaded rows sit inside your delta band. Enter plans the contract as a Pending leg; a 1Y price chart draws the strike underneath.

PositionsCapital committed $206,550
PositionNext best actionCushionCapture
AMZN -1 putApproaching the strike1.0%-40%
PM -1 putOn plan5.8%47%
PCG -7 put19 DTE · 12% captured8.1%12%

Trade

Positions with next best action

Every open leg carries advice on next best action in plain words - on plan, approaching the strike, or 19 DTE and time to check - along with the numbers that advice came from.

  • Cushion, capture, premium as a percentage of strike, annualized return, capital tied up
  • A capture bar per leg, so the mid of bid-ask price is visible at a glance

Trade

Wheels, tracked end to end

A wheel is one story per symbol. Puts, assignment, shares and covered calls sit on a single timeline where assignment marks the transition and freezes the entry cost basis.

  • Premium collected, realized P/L, true cost basis per share, days at risk, annualized ROC, shares held
  • Every leg with strike, price per share, expiry and fees
Wheel - MRKCSP · Closed · IBKR Live

Premium collected

+$177.00

Realized P/L

+$86.82

Annualized ROC

96.4%

Timeline - assignment marks the CSP → CC transition and freezes the entry cost basis.

Sell to open 1 × put $125.00 strike $1.77/sh exp Sep 18, 2026 · fees $1.05
Buy to close 1 × put $125.00 strike $0.88/sh · Aug 15, 2026
Roll GOOG $330.00 putspot $341.75 · $5.28/sh to close

Time first, net credit required, lower strike when free. Band 0.20–0.30Δ from the Low tier.

Expiry+daysStrikeNet credit
Oct 2solver pick14$325.00+$0.62/sh
Oct 1628$325.00+$2.70/sh
Oct 1628$320.00+$1.20/sh
Nov 2063$315.00+$5.05/sh
Nov 2063$310.00+$3.60/sh

Trade

Roll for a net credit, never a debit

When a put is challenged, the roll solver searches later expiries and lower strikes inside your delta band and shows what each candidate pays after buying back the current leg. More time first, a lower strike when it is free, and always a net credit.

  • The solver picks the best roll that balances time bought against credit collected
  • ITM positions prefer strikes back near one sigma out of the money
  • When nothing meets your rules, it says so and suggests accepting assignment instead

Review

Performance against the market

Realized P/L by month, a cumulative equity curve, and your portfolio plotted against SPY with both drawdowns shown. Premium selling trades upside for smoothness, and this is where you see the trade you actually made.

  • Income by month and more analytics last 12 months
  • 30D, 90D, YTD, 1Y and ALL windows, simple or CAGR
  • Portfolio return vs SPY
PerformanceYTD · Simple

Portfolio vs SPY - 2026-01-01 → 2026-08-16

Portfolio

+7.45%

SPY

+13.64%

Max drawdown

-1.03%

SPY drawdown

-9.30%

Brokers

Connects to the brokers automatically

Auto-sync latest and historical trades from your brokers.

IBKRCharles SchwabRobinhoodFidelityAlpacatastytradeWebull

Sync details per broker · How your data is protected

Pricing

Free to start. $19 a month to keep everything.

The free plan tracks 3 wheels forever and includes the full screener for 14 days. The Founder rate covers everything, locked in for as long as you stay subscribed. Cancel any time; your plan runs to the end of the period you paid for.