Exclude Earnings Toggle: Skip the Single Biggest Wheel Killer

Why earnings break the wheel

Earnings reports are binary events. A stock can move 10–20% in a single afternoon. That kind of move turns a 0.20-delta put into a 0.80-delta nightmare overnight, blowing through your cushion and your delta filter.

The Exclude Earnings toggle is the single biggest safety filter in the screener — and it's one click.

Where to find it

In the sidebar of both screeners as a single toggle:

• Put screener Exclude Earnings
• Call screener Exclude Earnings

When on, every contract whose expiration is after the next scheduled earnings date for the underlying is removed.

How it works

The screener cross-references each contract's expiration against the underlying stock's next earnings date. If earnings is inside the contract's life, the row is excluded.

When to leave it ON (almost always)

For income-focused wheel trading, leave Exclude Earnings on by default. You'll get fewer contracts but vastly higher trade quality.

When to turn it OFF (intentional setups)

• Earnings IV crush plays — you want earnings inside the trade to harvest the IV collapse.
• Long-DTE wheels (60+) — you accept earnings exposure for the longer time premium.
• Specific tickers without earnings — ETFs, indices.

Common mistakes

1. Forgetting to re-enable. You toggled it off for an earnings play and forgot. Get in the habit of resetting after each session, or save your "default" screener with Exclude Earnings on.

2. Trusting it for tomorrow's earnings. Earnings dates can shift. The screener uses the latest known schedule, but always verify on the day.

Where to go next

• Try the Earnings Safe preset which uses this filter.
• See the Earnings Calendar for the underlying schedule.