Best Stocks for the Wheel Strategy
Stocks ideal for running the wheel - selling puts until assigned, then selling covered calls. Best with high IV and stocks you want to own.
Ideal Conditions for Wheel Strategy
- IV Rank above 40%
- Bullish long-term outlook
- Quality you want to own
Top Picks
Favorable
IV Rank: IV Rank moderate (66%) - favorable for premium selling
RSI: RSI at 38
Trend Structure: Bullish trend (4 EMAs aligned)
Favorable
RSI: RSI at 54
Trend Structure: Bullish trend (4 EMAs aligned)
Volatility Trend: IV stable
Things to consider
IV Rank: IV Rank low (26%) - limited for premium selling
Favorable
IV Rank: IV Rank moderate (51%) - favorable for premium selling
RSI: RSI at 56
Volatility Trend: IV stable
Things to consider
Trend Structure: Neutral trend (0 EMAs aligned)
Participation: Volume 0.7x average
Other Strong Candidates
Methodology: Scores are calculated based on current IV rank, trend bias, RSI, volatility trend, and upcoming events.50 stocks analyzed. Rankings update throughout the trading day. Last updated: 3/17/2026, 11:28:15 PM.
Disclaimer: These rankings are for educational purposes only and should not be considered financial advice. Options trading involves significant risk of loss. Always conduct your own research.