Cash-secured puts let you get paid to buy stocks at prices you choose. Alpha Copilot scans real-time data to find the best premium opportunities across the market.
A cash-secured put involves selling a put option while holding enough cash to buy the shares if assigned. You collect premium upfront and either keep it if the stock stays above your strike, or buy the stock at an effective price below the strike (strike minus premium).
Collect premium immediately. If the put expires worthless, the premium is pure profit.
If assigned, your effective cost basis is the strike minus premium collected.
OTM puts have a statistical edge — most expire worthless, meaning you keep the premium.
Only sell puts on stocks you'd be happy to own. This is the cardinal rule. If assigned, you'll hold 100 shares at your strike price, so pick fundamentally sound companies.
A 20-30 delta put gives a good balance of premium and safety. Higher delta means more premium but higher assignment risk. Alpha Copilot evaluates all delta levels to find the sweet spot.
Elevated IV means fatter premiums. Look for stocks with IV rank above 30% for the best cash-secured put opportunities. Avoid selling puts right before earnings unless you want the assignment risk.
Cash-secured puts pair naturally with covered calls in what traders call "the wheel." Sell puts until assigned, then sell covered calls on your shares until called away, then repeat. Alpha Copilot can help with both sides of the wheel.
Learn the full wheel strategy →Instead of scanning options chains manually, describe what you want and Alpha Copilot does the analysis. It evaluates premium, probability of profit, and risk to find the optimal cash-secured put.
Try asking:
"Show me cash-secured puts for NVDA with high premium"
"Safe CSPs on blue chip stocks for income"
"High IV stocks for cash-secured puts this week"
Explore cash-secured put setups for specific stocks and market conditions.
The other side of the wheel. Sell calls against shares you own for income.
Profit from range-bound markets with defined risk on both sides.
Similar bullish bias with defined risk. Sell a put credit spread below support.
Profit from a bearish or neutral outlook by selling a call credit spread.
Combine cash-secured puts and covered calls into a repeatable income cycle.