FishMasterDan Edition v4.41 — Select a list and click RESCAN
tastytrade + Tradier · v4.41
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Daily closes · Most accurate after 4pm ET · 15min delayed intraday · Sectors updated daily at 2:00 PM PST · All sector lists based on State Street ETF holdings
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Master = Tech(45%) + FMD(35%) + IV(20%) → drives Grade |
Tech = 9 indicators (EMA/RSI/MACD/BB/etc) |
Grade A: Master≥60 + above 200 EMAGrade B: 42–59 or below 200 EMAGrade C: below 42 or below both EMAs
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Wheel Scanner Guide 🐟
FishMasterDan Edition v4.41 — What each metric means and WHY it matters for the Wheel
The Wheel Strategy
What is it?Sell a cash-secured put on a stock you want to own. Collect premium. If assigned, sell covered calls until called away. Repeat for consistent income on stocks you believe in long term.
Best setupAbove 200 EMA (uptrend) + RSI pulling back (entry timing) + IV Rank elevated (fat premiums) + $20-$300 price (manageable capital per contract).
📐 Technical Rank (0–100)
What it meansComposite score of ALL nine technical signals. Cards are sorted by this. Above 70 = strong wheel entry ✅ 50–70 = decent 🟡 Below 50 = wait ❌
Point weights200 EMA 15pts · Golden Cross 10pts · RSI up to 20pts · MACD 10pts · BB %B up to 15pts · Williams %R up to 10pts · MFI up to 10pts · RSI Slope up to 5pts · IV Rank up to 5pts = 100 max
📊 Indicator Deep Dive — The WHY
RSI (14-day)Why: RSI measures exhaustion. For puts, you want to sell AFTER the stock has pulled back — not at the top. Oversold RSI means sellers are tired, a bounce or sideways move is more likely — exactly what a put seller needs.
200 EMAWhy: The single most important trend filter. Institutions, funds, and algorithms all watch this line. A stock above its 200 EMA is in a confirmed long-term uptrend. Below = you are fighting the trend. If assigned below 200 EMA you own a stock in a downtrend.
Golden CrossWhy: When the 50 EMA crosses ABOVE the 200 EMA it signals a major bullish trend shift. Institutions treat this as a buy signal — brings in new buyers and sustains momentum.
GOLDEN = just crossed, rare and powerful ✅ ABOVE = bullish alignment ✅ DEATH/BELOW = avoid ❌
MACD HistogramWhy: Measures momentum — positive histogram means short-term momentum is faster than long-term, buyers are in control. A MACD cross from negative to positive confirms a pullback is ending.
Positive = momentum bullish ✅ Near zero = watch for cross 🟡 Negative = wait ❌
BB %B (Bollinger)Why: Tells you WHERE price is within its Bollinger Bands. Near the lower band after a pullback means volatility expanded, premium is elevated, and mean reversion tends to follow — ideal put entry.
Below 20% = near lower band, premium elevated ✅ 20–80% = normal 🟡 Above 80% = overbought ❌
Williams %RWhy: More sensitive than RSI — measures where price closed relative to its range. Below -80 often precedes short-term bounces. Confirms RSI when both are oversold simultaneously — double confirmation = higher conviction.
MFI (Money Flow Index)Why: RSI with volume — measures whether MONEY is flowing in or out. Below 20 alongside oversold RSI = volume-confirmed capitulation. When smart money starts re-entering after a volume spike bottom, that is your put entry.
RSI SlopeWhy: Not just where RSI is, but which direction it is moving. A rising RSI slope from oversold = early warning of reversal. Selling puts into a rising RSI slope means the wind is shifting in your favor before the stock fully recovers.
Rising +2 or more = momentum turning up ✅ Flat 0 to +2 = neutral 🟡 Falling (negative) = still weakening ❌
ATR (14-day)Why: Average daily price move in dollars. THE risk sizing tool. A $3 ATR stock moves $3 per day — your buffer needs to account for that. Used in FMD Score to verify your strike is at least 3x ATR below price so normal daily swings won't threaten your position.
IV RankWhy: Compares current IV to the past 52 weeks. High IV Rank = premiums are FAT right now relative to normal. You are getting paid more than usual to sell puts. This is the core edge — sell premium when it is expensive, buy it when cheap.
BetaWhy: How much the stock moves relative to the market. Beta 1.0 = moves with SPY. Beta 2.0 = twice as volatile. Lower beta = smoother rides, fewer gap-downs. High beta = more premium but more assignment risk. Size positions smaller on high-beta names.
POP (Prob. of Profit)Why: POP = 1 minus absolute delta. Delta 0.20 = 20% chance your put finishes in the money = POP 80%. The Wheel lives in the 70–85% POP zone — enough premium, far enough OTM to expire worthless most of the time.
POP 80%+ = conservative, high win rate ✅ POP 65–80% = moderate 🟡 Below 65% = too risky for the Wheel ❌
POT (Prob. of Touching)Probability the stock TOUCHES your strike before expiry — always higher than POP. POT = 2 x |delta|. Example: POP 80%, POT 40% — 40% chance the stock dips to your strike intraday even if it recovers. Useful for stress-testing positions.
Earnings DateWhy: Single biggest risk in the scanner. Stocks can gap 10–30% on earnings in one overnight session. A put that was safely OTM can be deep ITM before the market opens. Never hold a short put through earnings. Close or roll at least 2 days before.
🐟 FMD Score (0–100) — FishMasterDan Method
What it isBuilt on Option Samurai's institutional put-selling filters, tuned for the Wheel. Five pillars confirm you are selling on the RIGHT stock at the RIGHT time with the RIGHT buffer. Score 60+ = FMD-qualified setup.
1. Dividend QualityWhy: Dividend payers have a valuation floor — companies rarely cut dividends, so the stock finds support. If assigned you collect dividends while selling covered calls. Aristocrat yield (5%+) = 25+ years of raises = institutional quality. 5%+ yield = 20pts ✅ 3–5% = 10pts 🟡 Below 3% = 0pts
2. RSI 2-Day ConfirmWhy: Single-day oversold RSI can be a head-fake. Two consecutive days below 30 = sellers are genuinely exhausted, bounce or pause is likely. Option Samurai's institutional filter — they only trigger on 2+ days to remove noise. RSI below 30 for 2+ days = 20pts ✅ Single day RSI below 35 = 10pts 🟡
3. ATR Buffer DepthWhy: Strike 1x ATR below = one bad day wipes your buffer. 3x ATR = stock needs three consecutive worst-case days just to REACH your strike. Wide buffer, let time decay work, expire worthless, collect and repeat. Strike 3x+ ATR below price = 20pts ✅ 2x ATR = 10pts 🟡 Below 2x = too close ❌
4. POP + EarningsWhy: POP 85%+ = institutional sweet spot where most premium sellers operate. Only 15% chance of assignment. Earnings bonus confirms no binary events before expiry that could gap through your strike overnight. POP 85%+ = 15pts ✅ 75–85% = 8pts 🟡 No earnings = +5pts bonus
5. FundamentalsWhy: Positive EPS = profitable company, a real floor under the stock. Fair P/E (below 25) = not buying an overvalued stock. High IV Rank confirms premium is elevated — you are getting paid more than usual for the same risk.
Positive EPS = 10pts · P/E below 25 = 5pts · IV Rank 50%+ = 5pts
⚖️ Master Score → Grade
FormulaTech Rank (45%) + FMD Score (35%) + IV Rank (20%) = Master Score
Grade is derived from Master Score — no more rank/grade mismatch. A stock cannot get Grade A with a weak FMD score or low IV Rank.
Grade A = Master Score 72+Grade B = 52–71Grade C = below 52
✅ 20/20/20 Rule — Patrick Kenny's Filter
Three criteriaWhy it works: The rare intersection of DEEP safety buffer + STRONG premium + HIGH probability.
1. Strike 20%+ OTM — stock would need to drop 20% just to TOUCH your strike 2. Annualized return 20%+ — premium is worth committing your capital 3. Delta below 0.20 (POP 80%+) — market pricing in low assignment risk
When the 20/20/20 badge appears on a put column ALL THREE are met. These are the highest conviction Wheel entries. Rare — maybe 3–5 setups across all 750 symbols on any given day.
📊 Fundamentals Guide
Market CapTotal company value. Prefer above $5B for wheel trading — better options liquidity, less likely to gap down on news. Mega-cap stocks above $100B are the most stable wheel candidates.
P/E RatioBelow 20 = fair to undervalued ✅ 20–35 = moderate 🟡 Above 35 = expensive, more downside risk ❌
EPS (TTM)Positive EPS = company is profitable. Negative EPS = avoid puts — no earnings floor under the stock. If assigned, you want to be holding a company that makes money.
Dividend YieldAbove 3% = strong income stock, ideal wheel candidate ✅. You earn premium from puts AND dividends if assigned. The best wheel stocks pay you in three ways: premium, dividends, and appreciation.
Payout RatioBelow 60% = sustainable ✅ 60–80% = watch it 🟡 Above 80% = dividend at risk of being cut ❌
🔧 Features Guide
Sort ButtonsClick Rank, FMD, Master, IV Rank, RSI, or Price to reorder cards. Click again to reverse. Default is Rank descending (highest ranked stocks first).
Watch + RefreshClick Watch on any card to save it. Click Watched button (purple) to rescan only those symbols — fast daily check without running a full sector scan.
Best of MarketAfter scanning multiple lists, click Best of Market to see Rank 70+ stocks across every scanned list, deduplicated, sorted by rank. Your morning shortlist.
Tab ColorsGray = not yet scanned. Yellow pulse = scanning now. Green = scan complete, results cached. Click any green tab to instantly recall results without rescanning.
Custom TabAdd any ticker, press Enter or + Add, then click Scan These. List saves to disk automatically. Good for your personal conviction plays outside the standard sectors.