Wheel Under $50
The sweet spot. Most retail wheelers run accounts where $50 strikes (≈$5K collateral per CSP) are the most capital-efficient way to spread risk across multiple positions. This list mixes the best ideas from under-$25 with mid-tier names like UBER, AFRM, GM, PYPL, and select financials and materials. No small-cap energy traps. No regional banks. Just liquid, recognizable, wheel-friendly underlyings.
Selection Criteria
- Trading under $50 per share
- Active weekly options with deep open interest
- Recognizable, widely-followed names
- Excludes small-cap energy, regional banks, biotechs, SPACs
- Diversified across at least 8 sectors
Who This List Is For
Most retail wheelers — accounts in the $10K–$50K range running multiple wheels at once.
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Live prices and scores are refreshed hourly. Click any symbol to see the full stock detail page with options chain, IV history, and wheel-score breakdown.
Frequently Asked Questions
Why is $50 the sweet spot for the wheel?
A $50 strike requires roughly $5,000 in collateral per cash-secured put. That's the right size to diversify across 5–10 positions in a typical retail account without overconcentrating any single name.
What makes a stock 'wheelable' on this list?
Three things: (1) you'd be okay owning it at the strike, (2) the option chain is liquid with tight spreads, and (3) the implied volatility is elevated enough to pay you for the risk you're taking.
Can I use this list with the OptyTrades screener?
Yes — every name on this list is preloaded as a built-in watchlist in the OptyTrades screener. Sign in and select 'Wheel Under $50' from the watchlist dropdown to see live wheel scores, IV, and entry signals.
Other Wheel Lists
Wheel Under $25
Curated list of 25 capital-efficient wheel strategy stocks trading under $25. Run cash-secured puts with as little as $1,000–$2,500 in collateral.
Wheel Under $100
28 quality wheel strategy stocks under $100 — adds AAPL, AMD, DIS, GOOGL and other large caps to the under-$50 universe. For accounts $25K+.
Mega Cap Wheel
29 mega-cap blue chips ($100B+) ideal for wheel strategy in large accounts. AAPL, MSFT, GOOGL, JPM, V — bulletproof underlyings, lower IV, higher confidence.
Dividend Wheel
Dynamic list of dividend-paying stocks (≥2% yield, $10B+ cap) ideal for combining wheel premium with dividend income. Updated live from market data.
Use this list in the OptyTrades screener
Sign in (free) and select "Wheel Under $50" from the watchlist dropdown to see live wheel scores, IV signals, and entry zones.
Open in Screener