Strike Screener

Type a ticker. We rank every option strike by annualized yield, with downside cushion, delta, IV and assignment risk side-by-side. Switch between covered call and cash-secured put views.

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Strike / Expiry Premium Yield Annualized Cushion Δ IV DTE OI Risk
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How the screener ranks strikes

Every strike that survives your DTE and delta filter is scored on annualized yield:

annualized yield = (premium ÷ basis) × (365 ÷ days to expiry)

The basis is the spot price for a covered call (you already own the shares) and the strike for a cash-secured put (it's the cash you're holding aside). Cushion is the premium expressed as a percentage of spot — how far the stock can drop before your covered-call P&L turns negative. Delta is a rough proxy for probability ITM. The risk pill rolls moneyness, DTE and ITM amount into a single 0–100 heuristic, and turns red whenever the contract is deeply ITM with few days left — exactly when early assignment becomes a real concern.

Pick a row to jump straight into the covered call or CSP calculator with that strike pre-filled.