High Yield Preset: Hit Your Income Target in One Click
The High Yield preset surfaces contracts that pay at least 1% of cash secured — the fast path to monthly income on the wheel.
What this preset does
The High Yield preset filters for:
- Yield ≥ 1.0% (about 12%+ annualized at 30 DTE)
- Reasonable volume (≥ 100)
- Standard wheel DTE (20–45)
- Liquidity Cleanup on
It's the fastest way to surface income-targeted contracts.
When to use it
- You have a monthly cash-yield target.
- You're building a CSP-only income strategy.
- You want premium without specifically chasing IV extremes.
A worked example
You want at least 1% per month on a $30,000 wheel allocation:
- Open the Put screener.
- Apply High Yield Put preset.
- Set Earnings Excluded = on (override the preset).
- Sort by Rating descending.
- Pick 3–5 contracts across different sectors.
Roughly $300+ of premium per month, with the safety of earnings exclusion layered on.
High Yield vs High IV
These two presets overlap but differ:
| Preset | Primary filter | Use when |
|---|---|---|
| High IV | IV ≥ 60% | You want rich premium and accept volatility |
| High Yield | Yield ≥ 1% | You want a specific income target |
A high-yield contract often also has high IV, but not always — sometimes it's a high-yield trade because of an unusually short DTE or a deep ITM strike.
Common mistakes
1. Forgetting yield depends on DTE. The same 1% yield is dramatically more valuable at 7 DTE than 45. Sort by Annualized Return instead of raw Yield.
2. Chasing 5%+ yields blindly. Anything yielding 5%+ on a 30-day timeframe is signaling massive risk. Verify with fundamentals before clicking.
Where to go next
- Read the Yield filter tutorial.
- Try Annualized Return filter for fair time comparisons.
- Compare with Earnings Safe preset.
Frequently Asked Questions
What yield is realistic for the wheel strategy?
1–2% per month on cash secured (12–24% annualized) is the realistic sweet spot for high-quality wheel trades. Anything above 3% per month requires either elevated risk, an event catalyst, or a deeply in-the-money strike.