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Cash-Secured Put Scanner: Find High-Probability Wheel Strategy Opportunities

Discover CSPs with the best risk-adjusted annualized returns

Manually screening for cash-secured puts takes hours. You're scrolling through hundreds of option chains, calculating annualized returns in spreadsheets, and guessing at assignment risk—while the best opportunities expire before you act. Our cash-secured put scanner does the heavy lifting. In seconds, filter thousands of opportunities by your exact criteria.

Cash-secured put scanner showing filtered opportunities with assignment probability and annualized ROI

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Problem

Manual CSP Screening Wastes Time and Misses Opportunities

Hours of Manual Work — Scrolling option chains and calculating returns in spreadsheets

Missed Opportunities — Best trades expire while you're still analyzing

Assignment Risk Guessing — No data on real probability of being assigned

Disconnected Workflow — Finding CSPs, tracking assignments, and selling covered calls in separate tools

Solution

Professional-Grade CSP Scanning in Seconds

Advanced Filter Engine

Annualized return, delta, OTM %, DTE, and IV percentile — filter by what matters.

Assignment Probability Analysis

Probability-weighted metrics based on delta and historical volatility data.

Wheel Strategy Integration

Seamless transition from CSPs to covered calls when assigned.

Historical Backtesting

Test filter combinations against 2+ years of data before committing capital.

IBKR Integration

Direct position sync so you only see opportunities matching your portfolio.

Custom Presets

Save filter combinations for quick daily scans without reconfiguration.

Backtested assignment rates for cash-secured put opportunities across strike prices and DTE

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How it works

Get started in 3 simple steps

1

Set Your Criteria

Define minimum annualized return, max assignment probability, DTE range, and underlying filters

2

Scan Instantly

Our engine analyzes thousands of opportunities and returns matches in seconds

3

Review with Context

Each result includes assignment probability, historical performance, and capital requirements

Key Metrics

Opportunities Scanned

4,000+

Premium Tracked

$2.3M

User Rating

4.9/5

Time Saved

2 hrs/day

Frequently Asked Questions

Everything you need to know about getting started

What makes a cash-secured put scanner different from a regular options scanner?

A cash-secured put scanner is specifically optimized for income-focused traders. Instead of just showing bid/ask prices, it calculates annualized returns, assignment probabilities, and capital requirements—metrics that matter for CSP strategies. Our scanner also integrates with covered call screening so you can plan your entire wheel strategy workflow.

How does assignment probability work in your CSP scanner?

Our assignment probability combines delta-derived probabilities with technical analysis (support levels, trend direction) and implied volatility context. This gives you a more realistic assessment of assignment risk than delta alone, helping you choose between aggressive income (higher probability) and conservative ownership (lower probability) strategies.

Can I backtest my CSP screening criteria before trading?

Yes—our backtesting module lets you apply your exact filter combinations to historical options data. See how your criteria would have performed during different market conditions, volatility regimes, and earnings periods. This helps you refine your approach and set realistic return expectations before putting capital at risk.

What filters are available in the CSP scanner?

Filter by annualized return percentage, delta range, distance to strike (OTM %), days to expiration, implied volatility percentile, underlying price range, sector, and more. You can also set maximum assignment probability thresholds to avoid unwanted assignments.

Does this work for the wheel strategy?

Absolutely. Our CSP scanner is built for wheel traders. When you're assigned on a put, the system automatically tracks your new stock position and suggests covered call opportunities to continue the wheel cycle. You can track complete wheel progressions across multiple positions.

Ready to Get Started?

Join traders who are already using our tools to make better decisions.