Top 12 Covered Call Screener Tools for 2025
If a stock moves past your strike, the option can be assigned — meaning you'll have to sell (in a call) or buy (in a put). Knowing the assignment probability ahead of time is key to managing risk.
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Finding the right covered call opportunities can feel like searching for a needle in a haystack. Manually sifting through thousands of stocks and option chains is inefficient and often leads to missed chances or suboptimal trades. A powerful covered call screener solves this problem by automating the discovery process, allowing you to filter for specific criteria like premium yield, probability of profit, and days to expiration. This guide is designed to help you navigate the landscape of available tools and select the perfect platform for your specific needs.
We will dive deep into the top screeners on the market, moving beyond generic feature lists. For each tool, you'll find a detailed analysis, real-world use cases, and an honest assessment of its strengths and limitations. Whether you're a beginner seeking a simple interface or an experienced trader needing advanced analytics, this resource provides the clarity to make an informed decision. We include screenshots and direct links to each covered call screener, so you can immediately explore the options that best fit your investment strategy. Our goal is to equip you with the knowledge to find, analyze, and execute high-quality covered call trades more effectively and with greater confidence.
1. Strike Price
Best For: Data-Driven Income Generation & Risk Management
Strike Price distinguishes itself as a premier covered call screener by shifting the focus from speculative guesswork to calculated, probability-based decision-making. It is engineered for retail investors who prioritize consistent income and strategic risk control over high-stakes gambling. The platform’s core strength lies in its powerful engine that analyzes real-time market data to provide clear, actionable odds for every potential strike price, empowering users to make choices that align perfectly with their financial goals.
Unlike generic screeners that simply list options, Strike Price offers a suite of intelligent tools designed for active portfolio management. Its intuitive dashboard consolidates all your open and past contracts, providing a clear overview of your performance. The platform’s smart alerts are a standout feature, notifying you of high-premium opportunities and, crucially, providing early warnings if a contract is at risk of early assignment. This proactive approach helps protect your underlying assets. For those seeking to refine their approach, Strike Price offers an excellent blog with practical guides; you can learn more about their covered call strategy to see how they apply these principles.
Key Differentiators & Use Cases
The most innovative feature is Target Mode, which allows you to define your desired income and safety thresholds. The platform then automatically suggests trades that meet your criteria, effectively creating a personalized covered call screener tailored to your risk tolerance.
- For Beginners: The clear probability metrics and guided alerts remove the intimidation factor, making it easier to start selling options confidently.
- For Experienced Traders: The real-time data, risk warnings, and broker integrations (including Robinhood and E*TRADE) streamline workflow and enhance strategy precision.
Pricing and Access
Strike Price is a subscription service accessible via web and mobile. It offers a 3-day free trial, followed by affordable plans:
- Monthly: $6.99 (discounted)
- Yearly: $79.99 (discounted)
- Lifetime: $99.99 (discounted)
Pros:
- Real-time probability metrics remove guesswork.
- Smart alerts for high premiums and early assignment risk.
- "Target Mode" customizes trade suggestions based on your goals.
- Seamless mobile and web access with key broker integrations.
Cons:
- Exclusively focused on covered calls and cash-secured puts.
- Subscription cost may not be ideal for very infrequent traders.
Website: strikeprice.app
2. optionDash
optionDash offers a highly intuitive and user-friendly covered call screener that excels at simplifying complex data for investors of all skill levels. Its standout feature is the proprietary stock scoring system, which assigns Value, Quality, and Trend scores to each underlying asset. This unique approach allows users to quickly gauge a stock's fundamental health and market sentiment without drowning in raw data, making it easier to find suitable candidates for a covered call strategy.
The platform is particularly effective for investors who want to balance premium income with stock quality. By filtering for high Quality and Value scores, you can avoid chasing high yields on volatile or fundamentally weak stocks, a common pitfall for beginners. The interface is clean, providing real-time data and the ability to save custom screens and watchlists, streamlining your daily research process.
Key Details & Use Case
- Best For: Investors who appreciate a simplified, score-based approach to stock selection and want a tool that also supports cash-secured puts.
- Pricing: Offers a robust free version with core screening capabilities. A premium subscription is required to unlock advanced features.
- Unique Feature: The proprietary VQT (Value, Quality, Trend) scoring system provides an at-a-glance health check for underlying stocks.
- Limitation: The platform’s focus is exclusively on covered calls and cash-secured puts, so it won’t serve traders looking to explore more complex options strategies.
Website: https://optiondash.com/
3. Quantcha
Quantcha provides a highly analytical and data-driven covered call screener designed for investors who want to dive deep into trade probabilities and market expectations. Its strength lies in its comprehensive market-wide scanning capabilities paired with a robust trade analyzer. This allows users to move beyond simple premium and yield metrics and evaluate potential trades based on factors like implied volatility, probability of profit, and expected value.
The platform is ideal for traders who prefer a quantitative approach to their covered call strategy. Instead of just finding high-premium options, Quantcha helps you understand the risk-reward profile of each potential position with detailed analytics. The extensive filtering options let you customize searches precisely to your risk tolerance and income goals, making it a powerful tool for building a tailored portfolio of covered call positions.
Key Details & Use Case
- Best For: Analytical traders who want to use probability and in-depth data to optimize their covered call selections.
- Pricing: A subscription is required to access the full suite of screening and analysis tools.
- Unique Feature: The integrated trade analyzer offers deep insights into market expectations and trade probabilities, going beyond basic screeners.
- Limitation: The platform’s depth and data-heavy interface can present a significant learning curve for beginners who are new to options analysis.
Website: https://quantcha.com/Landing/CoveredCallScreener
4. Born To Sell
Born To Sell offers a highly specialized covered call screener designed for one purpose: to help investors find and manage high-yield covered call opportunities. It distinguishes itself with an exhaustive database that scans all possible stock and option combinations, presenting the highest-yielding opportunities in real-time. This singular focus allows the platform to deliver exceptionally relevant and actionable data for income-focused investors.
The interface is refreshingly straightforward, making it easy to filter trades by expiration date, moneyness, and industry sectors. Its built-in portfolio management tools are a key benefit, allowing you to track your covered call positions and receive alerts for earnings dates or potential early assignments. This integrated approach helps you stay organized and manage risk effectively without needing separate tools.
Key Details & Use Case
- Best For: Income investors who want a dedicated, no-frills tool for finding the highest-yielding covered calls quickly.
- Pricing: Requires a subscription for full access, but a free trial is available to test the platform's features.
- Unique Feature: Its comprehensive database of buy-write combinations is updated in real-time, ensuring users always see the most current high-yield opportunities.
- Limitation: The platform is laser-focused on covered calls and does not support any other options strategies, which may be restrictive for diversified traders.
Website: https://www.borntosell.com/covered-calls/options-screener
5. Barchart
Barchart stands as a market data powerhouse, and its covered call screener is a testament to its comprehensive approach. The platform is designed for investors who want to dive deep into the numbers, offering a robust set of customizable filters that go beyond basic premium and strike price. Users can meticulously screen for opportunities by expiration date, days to expiration, moneyness, and even specific option Greeks like Delta, providing a level of control favored by experienced traders.
The primary advantage of Barchart is its integration with a vast ecosystem of financial tools. After identifying a potential covered call candidate, you can seamlessly access historical price charts, technical analysis indicators, and fundamental company data without leaving the site. This makes it a one-stop-shop for thorough due diligence. While the sheer volume of data can feel overwhelming for absolute beginners, those with some market experience will find it an invaluable resource for making highly informed decisions. For those looking for more direct guidance, learning about options trading alerts can complement Barchart's data-rich environment.
Key Details & Use Case
- Best For: Data-driven investors and experienced traders who require granular control and access to extensive market analytics.
- Pricing: A free version is available with core screening features. A Barchart Premier subscription is needed to unlock advanced data and tools.
- Unique Feature: The screener is deeply integrated with Barchart’s full suite of market analysis tools, facilitating comprehensive research on any potential underlying stock.
- Limitation: The interface is packed with information and can be intimidating for new investors who may prefer a more simplified, guided experience.
Website: https://www.barchart.com/options/income-strategies/covered-calls
6. Market Chameleon
Market Chameleon stands out as a powerful covered call screener for experienced, data-driven investors. It offers a suite of advanced filtering capabilities that go far beyond basic metrics, allowing users to screen based on thematic stock groups, earnings events, and even unusual options activity. This makes it an invaluable tool for traders who want to build strategies around specific market catalysts or trends, rather than just raw yield.
The platform's strength lies in its depth of analysis. For any potential covered call, you can access historical backtesting data, implied vs. historical volatility comparisons, and detailed dividend capture scenarios. While the interface is dense with information and can present a steep learning curve for beginners, it provides the comprehensive analytics necessary for sophisticated traders to fine-tune their approach and make highly informed decisions.
Key Details & Use Case
- Best For: Experienced traders who require deep analytical tools, historical backtesting, and highly customizable screening criteria.
- Pricing: A limited version is available for free, but full access to the most powerful tools and real-time data requires a premium subscription.
- Unique Feature: The ability to screen for covered calls around specific events like earnings announcements and incorporate historical backtesting directly into the analysis.
- Limitation: The sheer volume of data and the complexity of the interface can be overwhelming for novice investors or those seeking a simple, quick screener.
Website: https://marketchameleon.com/Screeners/CoveredCalls
7. Snider Advisors
Snider Advisors champions an income-focused investment philosophy and provides a robust covered call screener to support its methodology. The platform, which is powered by optionDash, is designed to help investors consistently generate cash flow while managing risk. Its core strength lies in translating the Snider Method, a systematic approach to covered calls, into a practical, actionable tool that screens for fundamentally sound stocks suitable for this strategy.
This screener is ideal for investors who want to move beyond simply chasing high premiums and instead focus on quality and sustainability. It leverages a proprietary stock scoring system to evaluate potential investments, making it simple to filter out speculative or low-quality assets. The tool is offered for free, providing an exceptional entry point for those new to income investing or looking for a cost-effective way to implement a structured covered call plan.
Key Details & Use Case
- Best For: Income investors following a systematic, rule-based approach and those new to covered calls seeking a free, high-quality screening tool.
- Pricing: The screener is available for free, aligning with Snider Advisors' goal of making its investment strategy accessible.
- Unique Feature: Its direct integration with the Snider Method, offering a tool specifically built to execute a proven income-investing system.
- Limitation: The platform is tightly focused on covered calls and cash-secured puts, so it won’t meet the needs of traders who require tools for multi-leg or more complex option strategies.
Website: https://www.snideradvisors.com/free-covered-call-screener/
8. FinanceWorld
Instead of being a direct tool, FinanceWorld serves as a meta-resource, offering reviews and comparisons of various covered call screener platforms. It operates as an educational hub, guiding investors on how to select and effectively use these tools to enhance their investment strategies. This makes it a valuable starting point for newcomers who are unsure which screener best fits their needs or for experienced traders looking to compare their current tool against others on the market.
The platform distinguishes itself by compiling insights, strategy tips, and in-depth reviews all in one place. By reading their analysis, you can get a third-party perspective on the pros and cons of different screeners before committing to a subscription. This saves time and helps you make a more informed decision based on feature sets, pricing, and specific use cases highlighted in their articles. It's less of a hands-on tool and more of a strategic guide.
Key Details & Use Case
- Best For: New investors researching which covered call screener to use or anyone wanting a comparative overview of available market tools.
- Pricing: Free to access all content and reviews.
- Unique Feature: Acts as an aggregator of information and reviews, providing a high-level comparison of different screener platforms rather than offering its own tool.
- Limitation: It is not a functional screener itself. The information can be general and may require you to visit the reviewed platforms for real-time data and hands-on experience.
9. Optionistics
Optionistics delivers a powerful covered call screener designed for traders who thrive on detailed, granular analysis. The platform stands out by offering an extensive suite of tools that go beyond simple premium and yield calculations. Users can dive deep into volatility metrics, probability analysis, and historical data to rigorously vet potential covered call candidates, ensuring each trade aligns with their specific risk tolerance and return objectives.
The interface, while packed with information, is structured to support a methodical research process. Its dynamic filtering capabilities allow you to create highly specific searches, such as finding options with a certain probability of expiring worthless or those with unusual volatility skews. This makes Optionistics a valuable resource for experienced traders looking to refine their strategy with data-driven precision, while still being accessible enough for dedicated beginners ready to learn.
Key Details & Use Case
- Best For: Traders who want in-depth analytical tools to make highly informed, data-backed decisions.
- Pricing: Provides some free tools, but full access to advanced screeners and features requires a paid subscription.
- Unique Feature: Offers detailed volatility and probability analysis tools that are integrated directly into the screener.
- Limitation: The sheer volume of data and analytical options might feel overwhelming for brand-new investors who prefer a more simplified, guided approach.
Website: https://www.optionistics.com/
10. Cboe Global Markets
Cboe Global Markets, one of the world's largest exchange holding companies, offers a sophisticated covered call screener and analysis tools directly from the source of options trading. While not a typical retail-focused platform, its resources are invaluable for serious investors who want institutional-grade data. Cboe provides in-depth metrics and market analysis, allowing users to understand the underlying mechanics of specific options contracts and make highly informed decisions.
The platform is best suited for traders who prioritize deep analysis and education over a simplified, push-button interface. Instead of just showing potential returns, Cboe equips you with the educational materials to understand why an opportunity exists. By leveraging their extensive data, you can develop a more robust approach to options trading risk management and strategy construction. The site is a treasure trove of market data, whitepapers, and webinars that complement its screening tools.
Key Details & Use Case
- Best For: Experienced investors and those dedicated to learning the intricacies of options markets from an authoritative source.
- Pricing: Most educational resources and basic data are free. Advanced tools and real-time data feeds may be part of premium services or accessed via a broker.
- Unique Feature: Access to proprietary market data, research, and educational content directly from a major global options exchange.
- Limitation: The user interface can feel more institutional and less intuitive for beginners, often presenting a steep learning curve compared to retail-focused screeners.
Website: https://www.cboe.com/
11. Wheel Decision
Wheel Decision provides a streamlined and highly accessible covered call screener designed specifically for investors focused on the Wheel Strategy. Its primary strength lies in its simplicity, making it an excellent starting point for beginners who might be overwhelmed by more complex platforms. The interface is clean and presents essential data like premium, strike price, and return on investment without unnecessary clutter, allowing users to quickly identify potential trades.
The platform is purpose-built for finding suitable candidates for both covered calls and the initial cash-secured put leg of the Wheel. It allows users to apply custom criteria to their searches, such as filtering by dividend yield or market capitalization, which helps align trade opportunities with a specific investment thesis. While it doesn't offer the deep analytical tools of enterprise-grade software, its focused approach ensures a fast and efficient screening process for its target audience.
Key Details & Use Case
- Best For: Beginners to the Wheel Strategy and investors who want a simple, no-frills screener for covered calls and cash-secured puts.
- Pricing: Core features are available for free, but full access to all screening capabilities and custom criteria may require a subscription.
- Unique Feature: The dedicated focus on the Wheel Strategy, which simplifies the process of finding stocks suitable for both puts and calls.
- Limitation: It lacks advanced analytical features and charting tools, making it less suitable for experienced traders who require in-depth technical analysis.
Website: https://www.wheeldecision.com/
12. OptionVue
OptionVue stands out as a professional-grade trading and analysis platform, offering a powerful covered call screener designed for serious and experienced traders. Its strength lies in its comprehensive suite of analytical tools, which go far beyond simple premium and yield filtering. The platform allows for sophisticated modeling, "what-if" scenario analysis, and graphical representations of risk profiles, making it an institutional-quality tool for retail investors.
This platform is not for the casual user; it is built for those who want to perform deep-dive analysis on their potential covered call positions. Users can back-test strategies, analyze volatility skews, and manage complex portfolios directly within the software. The screener is highly customizable, allowing you to build complex queries that combine fundamental stock data with advanced options metrics, ensuring you can pinpoint trades that align with a very specific risk-reward tolerance.
Key Details & Use Case
- Best For: Experienced options traders and portfolio managers who require advanced analytical, modeling, and back-testing capabilities.
- Pricing: Operates on a premium subscription model, with different tiers available. Full access to its advanced features requires a paid plan.
- Unique Feature: The platform’s advanced modeling and graphical analysis tools provide an unparalleled deep-dive into the risk and reward of any potential trade.
- Limitation: Its complexity and professional-level feature set create a steep learning curve that can be overwhelming and costly for beginners or casual investors.
Website: https://www.optionvue.com/
Covered Call Screener Tools Comparison
| Platform | Core Features & Unique Selling Points | User Experience & Quality ★ | Value & Pricing 💰 | Target Audience 👥 | Recommended / Highlights 🏆 |
|---|---|---|---|---|---|
| Strike Price | Real-time probabilities, smart alerts, Target Mode ✨, broker integrations | ★★★★★ Intuitive, data-driven | 💰 Monthly $6.99 / Yearly $79.99 / Lifetime $99.99, free 3-day trial | 👥 Beginners & experienced options sellers | 🏆 Recommended; strategic, income-focused |
| optionDash | Proprietary scoring, advanced screener, watchlists | ★★★★ User-friendly, inclusive | 💰 Free base; premium subscription | 👥 Novice & experienced covered call traders | |
| Quantcha | Market-wide screening, trade analyzer | ★★★★ Extensive tools | 💰 Subscription required | 👥 Experienced traders | |
| Born To Sell | Real-time updates, customizable filters, portfolio management | ★★★★ User-friendly | 💰 Subscription, free trial | 👥 Covered call focused traders | |
| Barchart | Custom filters, historical data, market tools | ★★★★ Comprehensive data | 💰 Some features subscription-based | 👥 Intermediate to advanced users | |
| Market Chameleon | Advanced filters, trade alerts, backtesting | ★★★★ Sophisticated features | 💰 Subscription required | 👥 Advanced, data-driven investors | |
| Snider Advisors | Stock scoring, cash-secured put screener | ★★★★ Free, covered call focused | 💰 Free | 👥 Covered call investors | |
| FinanceWorld | Reviews, strategy tips, educational resources | ★★★ General info & resources | 💰 Free | 👥 Investors seeking education | |
| Optionistics | Detailed analysis, dynamic filters | ★★★★ Suitable for all levels | 💰 Subscription likely | 👥 Beginners & experienced | |
| Cboe Global Markets | In-depth analysis, metrics dashboard, education | ★★★★ Comprehensive but complex | 💰 Subscription needed | 👥 Experienced investors | |
| Wheel Decision | Simple interface, focus on cash-secured puts | ★★★ Beginner-friendly | 💰 Subscription likely | 👥 Beginners | |
| OptionVue | Advanced analysis, customizable filters, real-time data | ★★★★ Experienced user focus | 💰 Subscription required | 👥 Experienced traders |
Final Thoughts
Navigating the landscape of covered call screeners can feel overwhelming, but as we've explored, the right tool is less about finding a single "best" option and more about identifying the platform that aligns perfectly with your specific trading style, goals, and experience level. The journey from a novice investor to a sophisticated options trader is paved with data, and a powerful covered call screener is your map and compass.
We've seen a wide spectrum of tools, from the user-friendly interfaces of Wheel Decision and Strike Price, ideal for beginners and mobile-first traders, to the institutional-grade analytics of Market Chameleon and OptionVue, designed for veterans who demand deep, granular data. Platforms like Barchart and Quantcha strike a fantastic balance, offering robust features that can grow with you as your strategies evolve.
Key Takeaways for Selecting Your Screener
The most critical takeaway is that a covered call screener is not just a search engine; it's a strategic partner. Its primary function is to filter out the noise of thousands of potential trades, allowing you to focus your analytical energy on the opportunities with the highest probability of success according to your predefined criteria.
Remember these core principles when making your choice:
- Define Your "Why": Are you purely chasing the highest premium? Or are you focused on capital preservation with a specific return on investment (ROI) target? Your core objective will dictate which screener's filtering capabilities are most valuable to you.
- Acknowledge Your Experience: A beginner might be paralyzed by the sheer volume of data on a platform like Market Chameleon. Conversely, an experienced trader might find a simpler tool like Born To Sell too restrictive. Be honest about where you are on your trading journey.
- Balance Cost and Value: A free covered call screener like the one offered by Cboe is an excellent starting point. However, if you are managing a significant portfolio, the cost of a premium subscription to a tool like optionDash or Quantcha can easily be justified by a single well-executed trade or one avoided mistake.
Your Actionable Next Steps
The theoretical knowledge from this article is your foundation; now it's time to build upon it. Don't let analysis paralysis set in. Instead, take these concrete steps:
- Shortlist Your Top 2-3: Based on our detailed reviews, select the two or three screeners that seem most aligned with your needs.
- Utilize Free Trials: Nearly every premium platform offers a free trial or a limited free version. Use this opportunity to run the same search on each platform. See which interface feels more intuitive and which results better match your strategy.
- Start Small: Once you’ve chosen a covered call screener, implement its findings on a small scale. Paper trade first, or use a small position to test your strategy in a real-world environment before committing significant capital.
Ultimately, the goal is to transform your covered call strategy from a guessing game into a repeatable, data-driven process. The right screener empowers you to consistently identify, analyze, and execute trades that fit your risk tolerance and income objectives, turning market volatility into a reliable source of potential income.
Ready to put these principles into practice with a tool designed for clarity and efficiency? Explore Strike Price, which simplifies the covered call screening process with an intuitive, mobile-first interface. Find your next high-probability trade in minutes, not hours, at Strike Price.