Trading Naked Puts in Different Ways with the Option Samurai Options Screener

Selling naked puts is a proven way to generate income while potentially acquiring quality stocks at a discount. It’s a bullish options strategy that rewards patience, discipline, and precise selection. But success hinges on identifying the right trade: you want strong companies, favorable pricing, and high probabilities.

Looking for an Edge When Selling Puts

Using a professional options scanner, traders can build high-probability naked put strategies designed for income generation, stock acquisition at a discount, or bullish exposure with downside cushion.

That’s where Option Samurai’s options screener steps in. With purpose-built scans, traders can filter the market for the best naked put opportunities in seconds. Here’s a breakdown of five powerful naked put strategies available on the platform, and how to use them effectively:

 

Sell High Prob Puts on Dividend Aristocrats – If Assigned Return Will Be More Than 4%

Dividend Aristocrats are reliable income stocks and excellent candidates for conservative put selling. This scan focuses on companies that have raised dividends for 25+ consecutive years and combines that stability with a high probability of profit (70%+). The puts are selected to provide at least a 10% annualized return, and if assigned, the dividend yield on the stock will exceed 5%.

In short: you’re getting paid to wait, and if assigned, you’re landing a high-quality stock with strong long-term fundamentals and dependable yield.

It’s ideal for investors who treat options like business deals—structured, patient, and backed by long-term value.

Sell OTM Puts with High Probability of Profit on Stocks That Are Oversold

Not all oversold stocks are good candidates, but when you find one with solid fundamentals, technical weakness can be an opportunity.

With this scan, the options screener designed by this team looks for out-of-the-money puts on quality companies where RSI has dipped below 30 for at least two days. The idea? Sell premium while the stock is temporarily weak, positioning for a bounce or sideways movement.

You’re not chasing momentum. You’re collecting premium in a situation where the stock is statistically stretched (and you’re getting paid for being willing to own a company you’d consider buying anyway).

If the trade expires worthless, you keep the credit. If it doesn’t, you may acquire the stock at a price lower than today’s, after an oversold event. Either way, it’s a calculated setup with a favorable risk-reward profile.

Wheel Candidates

For traders who enjoy the Wheel Strategy, selection is everything. This scan does the heavy lifting. The tool identifies stocks that are not only good put-sell candidates, but also offer strong covered call returns if assigned. Specifically, the scan looks for:

  • High-probability short puts (with >15% annualized return)
  • Good dividend-paying companies
  • Covered call returns over 12% if the stock is assigned

The result is a well-rounded entry point for wheel traders: sell the put, take assignment if it happens, and immediately transition into a covered call for continued premium income. This scan basically gives you a repeatable income system grounded in strong fundamentals and realistic profit math.

Sell OTM Puts with High Margin of Safety

This scan finds puts that are 3+ ATRs below the current stock price on fundamentally solid companies. The idea is to sell premium far from the action, ensuring a wide buffer between the strike and the market price.

The screen also demands high liquidity and a minimum unleveraged return of 10%, so you’re not sacrificing quality for safety. You’re taking the “do less, earn more” approach—letting time decay and distance work in your favor.

High Probability Naked Puts (85% Prob of Worthless, Good Companies, Good Risk-Return Profile)

If your goal is to consistently sell puts that expire worthless, this is your go-to scan. It targets cash-secured put opportunities where implied volatility pricing gives an 85% probability of expiring OTM, backed by strong company fundamentals and no known corporate events before expiration.

You’re not chasing high premiums or speculative tickers, you’re focusing on repeatable setups where the goal is simply: collect premium, avoid assignment, repeat.

Every trade includes built-in filters for minimum return (10% annualized), quality screeners, and timing considerations.

Which Naked Put Strategy Fits Your Style? A Quick Comparison

Here’s a comparison table you can insert right after the line “Which Naked Put Strategy Fits Your Style? A Quick Comparison”. This version keeps it clean, helpful, and aligned with the tone of the article:

Build Your Own Naked Put Strategy with the Custom Scanner

Sometimes, the best trades don’t come pre-packaged. That’s where Option Samurai’s Custom Options Scanner becomes a game-changer.

This advanced tool allows you to build any variation of a naked put setup—and then some. Whether you want to replicate one of the scans above or combine a put leg with additional logic, this feature gives you full creative control.

Here are a few examples of what’s possible:

  • Sell a put and go short 45 stocks from the same sector as a hedge
  • Sell a put and buy two calls to create a leveraged bullish position
  • Sell a put and buy a protective long put to create a limited-risk synthetic wheel

And the best part? You can:

  • Save and monitor your scan
  • Set alerts when new trades match your setup
  • Send trades to your trade log and edit positions manually
  • Filter across fundamentals, technicals, Greeks, and expiration logic

Naked Puts Deserve Structure, Not Guesswork

Naked puts can be a high-performing strategy when applied with discipline. But without structure, they become risky fast.

Option Samurai helps you avoid guesswork by turning the market into a filtered opportunity set, based on your preferred risk profile. Whether you’re targeting Dividend Aristocrats, high-margin setups, or building a custom portfolio of premium-generating trades, the options screener does the work for you.

Try Option Samurai free today (no credit card needed) and start selling naked puts with purpose, data, and edge.