Wheel Opportunities — June 16, 2026
Based on today's scan of 575+ tickers, here are the top 3 wheel strategy candidates. All picks meet our CSP criteria: >80% yield, >15% buffer, DTE 6–14 days.
📋 Today's Top 3 Picks
| # | Ticker | Expiry | Strike | Bid (Prem) | Buffer | Yield% | Dist/ATR |
|---|---|---|---|---|---|---|---|
| 1 | CRDO | 2026-06-26 | $130.00 | $128.30 (129.85) | 49.9% | 2726850.0% | 4.81 |
| 2 | MRVL | 2026-06-26 | $155.00 | $153.05 (154.73) | 49.8% | 1772304.5% | 4.47 |
| 3 | ALAB | 2026-07-02 | $195.00 | $193.00 (194.75) | 49.9% | 1635900.0% | 5.67 |
📚 How to Use These Picks
These are cash secured put (CSP) candidates — ideal for the wheel strategy. Here's how to evaluate each pick:
- Buffer % — How far the strike is below current price. Higher buffer = more downside protection before the put goes in-the-money.
- Yield % — Premium earned as a % of the strike price. Higher yield = more income per contract.
- Dist/ATR — Distance to strike in ATR units. A value >2.5 means the stock would need to move 2.5x its average daily range to breach the strike.
- DTE — Days to expiry. Our picks target 6–14 DTE for optimal theta decay.
🎯 The Wheel Strategy
The wheel strategy involves selling cash secured puts to earn premium. If assigned, you then sell covered calls. Repeat to generate steady income from options.
- Sell a CSP — Pick a strike below the current price. Collect the premium upfront.
- Wait for expiry — If the stock stays above your strike, you keep the premium — the best outcome.
- If assigned — You buy the stock at your strike. Now you're a shareholder.
- Sell covered calls — To exit or earn more income, sell calls above your cost basis.
- Repeat — Each cycle earns premium. Over time, premium collected exceeds stock cost.
Use OptionSpeed Super Stocks to find more opportunities like these.