01Getting started

OptyTrades helps you find the best stocks for the wheel strategy — a popular options income strategy that involves selling cash-secured puts (CSPs) and covered calls (CCs) on high-quality stocks. If you're new to the wheel, our methodology page explains the strategy in detail.

This guide walks you through your first five minutes on OptyTrades — from opening the screener to reviewing your first trade setup.

Quick-start: Your first 5 minutes

1
Open the Screener

Head to the Screener page. It automatically scans hundreds of stocks and ranks them by Wheel Score — our proprietary rating that measures how well a stock fits the wheel strategy. No setup needed, results load immediately.

The OptyTrades screener showing stocks ranked by Wheel Score
The screener ranks stocks by Wheel Score, with the best candidates at the top.
2
Look at the table

Stocks are ranked by score, highest first. Green score bars mean strong wheel candidates. Each row shows the price, daily change, dividend yield, volume, market cap, P/E ratio, implied volatility, IV rank, next earnings date, and sector — everything you need at a glance.

Close-up of screener columns showing score, price, yield, volume, IV, and more
Each column gives you a key data point — hover any header for a quick explanation.
3
Click any stock

Click any row and a detail panel opens. At the top you'll see the overall Wheel Score, safety rating (like “Fortress” or “Strong”), options grade, and a quick verdict. Below that is the full score breakdown, entry signals, strike recommendations, price chart, and options chain.

Stock detail panel showing Wheel Score, safety rating, options grade, and score breakdown
The detail panel gives you everything about a stock in one place — score, signals, and trade setups.
Tip: You can also look up any stock directly using the ticker lookup field at the top of the screener. Type a symbol like AAPL and press Enter or click the search icon.
Ticker lookup field showing 'E.G. AAPL' placeholder
Type any ticker symbol to jump straight to that stock's detail panel.
4
Check the entry signal

Scroll down in the detail panel to find the CSP Entry Signal and CC Entry Signal cards. These tell you whether right now is a good time to open a trade. A green signal means conditions are favorable, yellow means neutral, and red means to wait. Each card explains why with specific technical indicators like RSI, distance from the 20-day moving average, and pullback status.

CSP Entry Signal card showing 'Pullback detected — favorable CSP entry' with moderate confidence
The CSP Entry Signal shows whether it's a good time to sell a cash-secured put, with technical reasons.
5
Review strike recommendations

Right below each signal card, you'll see three strike tiers — Conservative, Moderate, and Aggressive. Each tier shows the exact strike price, delta, OTM percentage, expiry date, premium you'd collect, capital required, and annualized return. Pick the tier that matches your risk tolerance and place the trade in your broker.

Strike recommendation tiers showing Conservative, Moderate, and Aggressive options with premium and return details
Three risk tiers give you exact strike prices, premiums, and annualized returns — pick the one that fits your style.
What's next? Now that you know the basics, explore the rest of the guide to learn about the screener in detail, how scores work, and entry signals.
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