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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.

The Problem: Manual CSP Screening Wastes Time and Misses Opportunities

1
Hours of Manual Work — Scrolling option chains and calculating returns in spreadsheets
2
Missed Opportunities — Best trades expire while you're still analyzing
3
Assignment Risk Guessing — No data on real probability of being assigned
4
Disconnected Workflow — Finding CSPs, tracking assignments, and selling covered calls in separate tools

The Solution: Professional-Grade CSP Scanning in Seconds

⚡ Advanced Filter Engine — Annualized return, delta, OTM %, DTE, and IV percentile

🎯 Assignment Probability Analysis — Probability-weighted metrics based on delta and historical volatility

🔄 Wheel Strategy Integration — Seamless transition from CSPs to covered calls when assigned

📊 Historical Backtesting — Test filter combinations against 2+ years of data

🔌 IBKR Integration — Direct position sync and trade execution

💾 Custom Presets — Save filter combinations for quick daily scans

How It Works

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

Related Resources

Wheel Strategy Software

Complete wheel cycle management from CSP to covered call

Covered Call Scanner

Find covered call opportunities for post-assignment

Options Screener

Broader options screening capabilities

Options Backtesting

Validate your CSP screening criteria historically

Frequently Asked Questions

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.

Cash-Secured Put Scanner | Find Wheel Strategy Opportunities | Days to Expiry — Option Selling Analyzer