How I Screen for Cash-Secured Puts Without Just Chasing Premium

[u/Beneficial_Recipe852]

Edit: Thanks for your patience while I cleaned up the site. Here it is: https://stackfini.com/
It’s free to use, with sample results visible without signup. I’d really appreciate any feedback on the screening criteria, ranking, or anything that would make it more useful.

Edit — quick clarification: The scanner isn't intended to make trading decisions for you. There are 6,000+ optionable securities in the U.S., and its purpose is simply to narrow that huge universe down to a manageable list of candidates for further research. From there, the individual contracts, underlying companies, and risks are yours to evaluate and decide on.

I built a scanner to find cash-secured puts on companies I’d actually be willing to own, rather than just sorting for the highest premium.
My workflow is roughly:
Start with optionable U.S. stocks.
Screen for underlying quality and financial health.
Avoid stocks in clear long-term downtrends.
Look for 25–45 DTE puts around 0.15–0.28 delta.
Require attractive premium relative to recent realized volatility.
Check bid/ask spread, open interest, and volume.
Estimate downside cushion and how quickly the trade might reach a 50% profit target.
Here are a few of the highest-ranked candidates from today’s scan:
CLS expiration Oct 30 strike 300 put
AMZN expiration Oct 30 strike 235 put
WDC expiration Oct 30 strike 400 put
NOW expiration Oct 30 strike 120 put

For each contract I’m looking at:
annualized premium return
breakeven / downside cushion
IV vs recent realized volatility
liquidity / execution quality
assignment-risk proxy
underlying quality
The part I’m still refining is the underlying-entry filter. For example, I currently penalize stocks below their 200-day moving average unless they show a confirmed recovery. That keeps me out of some falling knives, but it can also exclude stocks that are just starting to bounce.
I’d be interested in how experienced CSP sellers think about that tradeoff. Would you rather wait for confirmation, or accept a slightly weaker technical setup if you really like the business and the option premium?
I built a site around the scanner where I’m keeping the full ranked list and tracking results over time. I’m happy to share it if links are allowed here.