Strike Price Selection Advisor - Find the Optimal Strike for Maximum Income
Choosing the right strike price is one of the most consequential decisions a wheel strategy trader makes. Too aggressive — selling a put close to the current stock price — maximizes premium but significantly increases assignment risk. Too conservative — selling a deeply out-of-the-money put — generates insufficient premium for the capital deployed. The SecurePutCalls Strike Advisor finds the sweet spot by analyzing delta, probability of profit, premium yield, and risk-adjusted return simultaneously.
Enter a ticker, select a target expiration, and the advisor evaluates every available strike against your preferences for minimum annualized ROI, maximum delta, and probability of profit threshold. Results are ranked by a composite score that weights these factors according to your priority settings. For each candidate strike, you see the full trade summary plus a plain-English recommendation explaining why it ranks where it does.
The Strike Advisor also provides covered call strike recommendations for stocks you already own, optimizing for income generation while managing the risk of shares being called away below your target exit price. Rolling recommendations for existing positions suggest when and how to roll to a better strike and expiration to improve your trade. The advisor is available on all paid plans and integrates directly with the options analyzer and screener.