Covered Put Scanner: Find the Best Put-Selling Opportunities (Free Tool)
Looking for a covered put scanner? Our free screener ranks stocks by put premium yield, IV rank, and probability of profit. Updated daily with real options data.
Finding the right stocks for put selling shouldn't require hours of research. A covered put scanner (or more accurately, a cash-secured put screener) automates the process by filtering thousands of options contracts to find the highest-premium opportunities.
What to Look for in a Put Scanner
The best put-selling opportunities share these characteristics:
1. High Implied Volatility (IV Rank > 30)
Higher IV means fatter premiums. Look for stocks where current IV is elevated relative to the past year.
2. Tight Bid-Ask Spreads
Wide spreads eat into your premium. Liquid options (SPY, AAPL, MSFT, TSLA) have spreads of $0.01–$0.05. Illiquid options can have $0.50+ spreads.
3. Premium Yield > 1% per Month
Calculate: (Put Premium / Strike Price) × 100. For a 30-day expiration, yields above 1% are solid. Above 2% is excellent.
4. Probability of Profit > 70%
Selling out-of-the-money puts with delta between 0.20 and 0.35 typically gives 65–80% probability of keeping the entire premium.
5. Stocks You'd Want to Own
Since assignment means buying shares, only sell puts on companies you'd hold in your portfolio.
How OptionsPilot's Screener Works
OptionsPilot scans the options market in real time to surface the best covered call and cash-secured put opportunities:
Enter any stock ticker — get instant premium analysis
AI recommends optimal strikes — based on your risk tolerance (income-focused vs. safety-focused)
See annualized returns — compare different strikes and expirations
Probability analysis — know your odds before entering the trade
Free forever — no subscription, no credit card
Example Scan Results
When you enter a ticker like AAPL into OptionsPilot, you'll see:
Current stock price and IV rank
Recommended put strikes for different risk levels
Premium in dollars and as annualized yield
Probability of assignment
Breakeven price
Manual Scanning Checklist
If you prefer to find opportunities manually:
Screen for IV Rank > 30 using your broker's options screener
Filter for monthly expiration (30-45 DTE is optimal)
Check the put chain for strikes 5-10% below current price
Calculate premium yield: Premium / Strike × 100
Verify liquidity: Open interest > 100, bid-ask spread < $0.10
Check earnings dates: Avoid selling puts right before earnings unless intentional
Top Stocks for Put Selling (March 2026)
Based on current IV levels and premium yields, these stocks consistently offer attractive put-selling premiums:
NVDA — High IV, massive liquidity, 2-3% monthly premium yields
TSLA — Elevated volatility creates fat premiums
AMD — Consistent 1.5-2% monthly put yields
COIN — Very high IV for aggressive premium seekers
PLTR — Growing liquidity with above-average premiums
SPY — Lower individual returns but highest liquidity and consistency
Getting Started
Stop spending hours scrolling through options chains. Try OptionsPilot's free screener to instantly find the highest-premium put-selling opportunities on any stock.
Ready to Find Your Next Covered Call?
Use our free covered call calculator with AI-powered strike recommendations.