Cash-Secured Put Screener
Screen for a purchase price and cash commitment you can accept. Compare net entry, bid-ask spread, liquidity and company events before saving a dated set of put candidates.
A cash-secured put reserves cash to buy shares if assigned. A covered call starts with shares already owned or bought. Cash coverage funds assignment; it does not protect the value of the stock you acquire.
No snapshot captured. Enter a ticker and filters, then screen puts. Default liquidity limits are editable examples, not recommended trading thresholds.
A $48 entry can still lose money
Consider a hypothetical stock at $55 and one 100-share put with a $50 strike, 30 calendar days to expiry, a $2 bid and a $2.20 ask. Assume zero fees, a current quote, open interest of 600, volume of 40 and a completed event review through expiry. These are arithmetic inputs, not a market quote or trade recommendation.
| Measure | Calculation | Result |
|---|---|---|
| Gross cash reserved | $50 × 100 × 1 | $5,000 |
| Net premium credit | $2 × 100 − $0 fees | $200 |
| Net entry / share | $50 − $200 / 100 | $48.00 |
| Spread / midpoint | ($2.20 − $2) / $2.10 × 100 | 9.52% |
| Distance out of the money | ($55 − $50) / $55 × 100 | 9.09% |
| Annualized premium ratio | $200 / $5,000 × 365 / 30 × 100 | 48.67% |
| P/L if stock is $40 at expiry | $200 − ($50 − $40) × 100 | −$800 |
| Maximum loss if stock reaches zero | $5,000 − $200 | $4,800 |
With max net entry of $48, max cash of $5,000 and max spread of 10%, this candidate passes those three limits. A $4,999 cash cap rejects it. A $1 total fee per contract makes net credit $199 and net entry $48.01, so it fails the $48 entry cap. An earnings date on expiry day also excludes it when the event filter is enabled.
The 48.67% number is an annualized premium ratio, not expected profit. The same position loses $800 at a $40 expiry price. Ranking by that ratio alone ignores downside, the timing of assignment and whether you would still want the business after bad news.
Keep the contract, event window and quote time together
- Set the net price you are willing to pay for shares and the gross cash available. Quantity applies to each candidate separately; selecting several puts requires adding their cash commitments.
- Reject quotes too old for your research session. Spread, open interest and volume are separate checks: high open interest does not guarantee a tight market or a fill at the bid.
- Review earnings, ex-dividend dates, mergers, splits and other announced events through the intended expiry. Record the source and earliest event. The filter removes contracts expiring on or after that entered event, but it cannot detect news you did not enter.
- Save the snapshot before comparing candidates on TradingView. Match the underlying, expiry, strike, put side and source time to the contract or scenario chart available to you. A chart price from another time is a new input, so rerun the comparison.
This screen uses standard 100-share arithmetic and rejects other reported sizes. The snapshot cannot establish the complete deliverable after every corporate action. Check the broker contract specification and OCC adjustment notice before trading; adjusted and cash-settled contracts need their own analysis.
American-style puts can be assigned before expiry. Closing the put early depends on its then-current ask and fees, not the original credit. Gross cash remains the funding measure here even though premium lowers the economic net entry.
Method sources, checked October 18, 2026: OIC cash-secured put, OIC covered call, and Massive options snapshot fields.
Questions about collateral and candidates
Why can a successful request produce no candidates?
The provider may omit bid/ask quotes or underlying prices because of data availability or plan access. This screen also requires usable timestamps, eligible contract details and your filter conditions. It excludes missing prices instead of substituting last trades or zero. Read the captured exclusion counts; an empty result is not proof that no suitable put exists in the market.
How much cash does a cash-secured put require?
This screen reserves strike × 100 × contract count for eligible 100-share contracts. Premium is shown separately. Your broker may apply a different collateral convention or additional fees; confirm the actual buying-power requirement before placing an order.
Does the annualized premium ratio predict my return?
No. It scales net premium divided by gross cash by 365 / calendar days to expiry. It assumes no assignment loss and repeated opportunities at the same terms. It does not model either assumption, compounding, tax, interest on collateral or the probability of a loss.
Does this tool automatically remove earnings and dividend dates?
No. Events are user supplied because the options-chain response has no company-event calendar. Enter a source and reviewed-through date, plus the earliest event found. With event exclusion enabled, expiries with an entered event or an unreviewed horizon are excluded. An omitted event can still make the screen incomplete.
What exactly does Save snapshot preserve?
The JSON file contains one response batch, request start and completion times, raw returned contracts, calculated candidates, all filter values, event-review inputs, exclusion counts and the partial-chain flag. Quotes retain their own timestamps. This is a repeatable research record, not a synchronized market tick or a historical backtest.
Continue with the underlying and its option chain
Pineify AI Stocks & Options Picker includes an options-chain view for a selected ticker. Use it to inspect contract data after defining your acquisition rules here. Availability and freshness depend on the data returned; neither a candidate list nor a stock score guarantees a profitable assignment.
For research and education, not investment advice. Options can produce substantial losses. Verify execution prices, contract deliverables, event dates and broker requirements independently.