Contract Score (Rating) Filter: Our 0–100 Quality Score
The Contract Score combines yield, liquidity, IV, and cushion into a single 0–100 rating. Filter to surface only top-quality wheel candidates.
What the Contract Score measures
The Contract Score (also shown as Rating) is a 0–100 composite we calculate for every contract. It blends:
- Yield — cycle and time-adjusted premium income
- Cushion — how far OTM the strike sits
- Probability of profit (POP) — model-based breakeven odds
- Liquidity — volume and open interest
- Implied volatility — a small nudge when other factors are similar
A 75+ score is typically a strong wheel candidate. Below 50, there's often a reason to skip. For the full formula — weights, DTE multipliers, and premium thresholds — see Understanding Contract Score.
Where to find it
The Contract Score filter is in the sidebar of both screeners with a 0–100 slider.
The Rating column also appears in every results table by default.
How to use it
The simplest way to use the screener: set Contract Score ≥ 70 and call it a day. That single filter is doing the work of five.
| Setting | Use case |
|---|---|
| ≥ 80 | Elite-only screening |
| ≥ 70 | "Just show me good trades" |
| ≥ 50 | Normal default |
| 0+ | See everything |
A worked example
A 30-second screen:
- Open the Put screener.
- Apply Earnings Safe preset.
- Set Contract Score ≥ 70.
- Sort by Rating descending.
The top 10 rows are your shortlist for the week.
Why we built it
Most beginners are paralyzed by the 5–10 individual filters. The Contract Score collapses that complexity into one number that captures all of "is this a good wheel trade?" at once. Use it as your default; reach for individual filters only when you want a specific tilt (e.g., "more cushion" or "more premium").
Common mistakes
1. Trusting it blindly. A 90 score still requires a quick sanity check on earnings, fundamentals, and your conviction in the underlying.
2. Setting too high. At ≥ 90 you'll often see zero results, especially in low-vol weeks. Start at 70 and adjust.
Where to go next
- Read Understanding Contract Score for the full calculation breakdown.
- Try the Earnings Safe preset which uses Contract Score by default.
- Layer with Delta filter for risk control.
- Open the Put screener and sort by Rating.
Frequently Asked Questions
What is a good Contract Score?
Aim for 70 or higher to surface only solid wheel candidates. Scores above 80 are excellent; scores in the 50–70 range may need closer review of earnings, liquidity, or cushion.
How is the Contract Score calculated?
It blends yield, cushion, probability of profit, liquidity, and implied volatility with fixed weights, then applies DTE and premium-quality multipliers to produce a 0–100 score. See our full breakdown in the Understanding Contract Score tutorial.