Options Screener - Find High ROI Put and Call Opportunities
The SecurePutCalls Options Screener gives traders a powerful, filterable view of the entire options market to quickly find high-return cash-secured puts, covered calls, credit spreads, and other income-generating strategies. Whether you are looking for weekly premium plays, monthly income trades, or longer-dated positions, the screener cuts through the noise to surface only the opportunities that meet your standards.
Apply filters across the full spectrum of options data: underlying price range, market cap, sector, options volume, open interest, bid-ask spread tightness, implied volatility percentile, days to expiration, and return metrics including annualized ROI and premium-to-capital ratio. Sort results by any column and drill into any opportunity to launch the full analyzer with one click.
The screener is available in two modes: Wheel Strategy mode, which pre-filters for high-probability cash-secured put and covered call opportunities, and Advanced mode, which opens the full filter set for experienced traders building custom screening criteria. Real-time data refresh ensures you are always working with current market conditions during trading hours.
Frequently Asked Questions
What is the best options screener for beginners?
The best options screener for beginners combines ease of use with educational context. Look for screeners that explain what each metric means and why it matters, not just display numbers. Start with simple filters like minimum ROI, probability of profit, and days to expiration. As you gain experience, gradually incorporate more sophisticated criteria like IV percentile, Greeks analysis, and risk scoring. Our screener provides tooltips and risk indicators to help beginners understand each opportunity while avoiding common pitfalls like gamma squeeze and short squeeze risks.
How do I screen for covered call opportunities?
To screen for covered calls, start by filtering for stocks you're willing to own long-term, then identify strikes above current resistance levels with premium that enhances your yield. Set minimum ROI thresholds (typically 1-3% per month for out-of-the-money calls), select DTE ranges matching your holding period (usually 30-45 days), and ensure adequate liquidity with narrow bid-ask spreads. Consider stocks showing moderate implied volatility for premium income without excessive risk. Avoid stocks with upcoming earnings or dividends during your option period unless you specifically want that exposure.
What IV percentile should I look for when selling options?
For premium selling strategies, target IV percentile above 50%, with many traders preferring 70% or higher. Elevated IV percentile indicates options are relatively expensive compared to historical levels, providing higher premium income for sellers. However, high IV often reflects genuine uncertainty about future price movements, so elevated IV alone doesn't guarantee success. Combine IV percentile screening with fundamental analysis to ensure you're selling rich premium on stocks with manageable downside risk. Also watch for IV crush opportunities after earnings when volatility collapses from elevated pre-announcement levels.
How important is liquidity when screening options?
Liquidity is critically important for options trading success. Illiquid options have wide bid-ask spreads that immediately erode potential profits and make position adjustments expensive. Poor liquidity also means you may not be able to exit positions when needed, turning manageable losses into disasters. Screen for minimum open interest (typically 100+ contracts), reasonable daily volume, and tight bid-ask spreads (ideally less than 5% of option price). Major indices and large-cap stocks offer the best liquidity. If an option looks attractive but has poor liquidity, the real risk-adjusted return is much lower than calculated.
Should I screen for delta or probability of profit?
Delta and probability of profit (POP) are closely related, with delta roughly approximating the probability of an option finishing in-the-money. For out-of-the-money puts, a 0.25 delta corresponds to approximately 75% POP (100% minus 25%). Either metric works for screening, but POP is more intuitive for most traders. Screen for POP levels matching your risk tolerance: 70-85% POP for conservative income strategies, 60-70% for balanced approaches, and lower POP for more aggressive premium capture. Remember that calculated probabilities assume implied volatility accurately predicts future movement, which isn't always true.
How do I avoid gamma squeeze risk when screening options?
Gamma squeeze risk is elevated when stocks have heavy options positioning near current prices, particularly in meme stocks and heavily shorted names. Screen for gamma risk indicators including: unusual call/put ratios exceeding 3:1, concentrated open interest at nearby strikes, GEX (Gamma Exposure) trend increases, and stocks known for retail trading interest. Our screener includes Gamma Risk Scoring that analyzes these factors automatically. Avoid selling puts on stocks showing high gamma risk, or significantly reduce position sizes. If you do trade high-gamma stocks, use defined-risk spreads instead of naked options to limit potential losses.
What days to expiration should I select for premium selling?
The optimal DTE depends on your strategy and availability for position management. The 30-45 DTE range is popular because theta decay accelerates while providing adequate time for adjustments. Shorter expirations (7-21 DTE) offer faster capital recycling but less margin for error and potential for rapid gamma increases near expiration. Longer expirations (45-60+ DTE) provide more time value but slower decay and prolonged capital commitment. Wheel strategy traders often prefer 2-4 week expirations for balance. Set your screening DTE range based on how frequently you can monitor positions and your preference for trade frequency.
How do I interpret and use screener results effectively?
Treat screener results as a starting point, not final recommendations. After running a scan, review the highest-ranked opportunities for factors the screener can't capture: recent news, sector trends, earnings timing, and technical patterns. Cross-reference with fundamental analysis for underlying stocks. Check gamma risk and short squeeze indicators to avoid dangerous situations. Evaluate how new positions fit your existing portfolio's sector and correlation exposures. Finally, define your entry price, profit target, stop loss, and adjustment plan before executing. The screener finds candidates; your analysis and planning convert them into successful trades.