Based on today's data, these three stocks met our strict criteria for yield, buffer, and liquidity. Here's what to know about each.

## Today's Top 3 Picks

The wheel strategy scanner runs daily after market close, filtering for stocks that meet our quality criteria. Here are today's top three candidates.

## How to Evaluate Each Pick

Each pick is evaluated on three key metrics: yield percentage (annualized premium return), buffer percentage (downside protection before assignment risk), and ATR distance (volatility-adjusted strike spacing).

## Using OptionSpeed to Find More Picks

Visit OptionSpeed Super Stocks to see all qualifying strikes updated daily, filter by DTE, and star picks you want to track.

Frequently Asked Questions

Q: Does the wheel strategy work in a bear market?

A: The wheel strategy performs best in sideways to slightly bullish markets. In a prolonged bear market, you'll be assigned more often. However, assigned stocks at good prices can recover when the market turns. Key is position sizing and only wheel stocks you'd want to own long-term.

Q: How much money do I need to start the wheel strategy?

A: You need enough capital to cover the strike price of 100 shares. For a $50 stock, you'd need $5,000 in your account to sell one cash secured put. Many brokers allow portfolio margin which can reduce this requirement significantly.

Q: What happens if I'm assigned on a wheel trade?

A: Being assigned means you now own the stock at your strike price. This is not a loss — it's a transition. You can then sell covered calls against the stock to generate additional income while waiting for it to recover or reach your target exit price.

Q: Should I check my wheel positions every day?

A: Checking daily is unnecessary and can cause anxiety-driven decisions. Weekly reviews are sufficient. Set alert prices for when you need to take action (e.g., stock drops 20%, or premium doubles in value), and otherwise let the position breathe.

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