WHEEL DIGEST - 4/28/2026
Wheel watchlist for Tuesday, April 28, 2026
Tier A: 0 candidates
Tier B: 6 candidates
Full markdown report attached. JSON sidecar feeds the morning brief automatically.
==================== TOP OF REPORT ====================
# Wheel Watchlist -- 2026-04-28
Universe screened: 50 candidates
## Tier B (6 names)
### VZ -- Verizon Communications
**Composite:** 19/25 | **Price:** $47.24 | **Mkt Cap:** $196.7B
- L1 Fundamentals: 5/5 -- FCF positive 4/5 yrs | ROIC 18.3% | Debt/EBITDA 0.6x | Interest coverage 999.0x | Rev CAGR 1.9%
- L2 Technicals: 4/5 -- Above 200SMA × 0.95 (108% of) | 8.6% off 52W high (sweet spot) | RSI 45.4 (entry zone)
- L3 Options: 1/5 -- Best put: 45P 2026-05-29 (31DTE, delta 0.24) | Premium $0.39 | OI 241 | IV 23% | Ann 10.2%
- L4 Volatility: 4/5 -- HV Rank 40.7 (sweet spot 45)
- L5 Events: 5/5 -- Earnings ~87d (clear of window, last filed 2025-07-25)
### TXN -- Texas Instruments Incorporated
**Composite:** 17/25 | **Price:** $265.00 | **Mkt Cap:** $245.3B
- L1 Fundamentals: 5/5 -- FCF positive 5/5 yrs | ROIC 16.9% | Debt/EBITDA 2.5x | Interest coverage 999.0x | Rev CAGR 5.2%
- L2 Technicals: 4/5 -- Above 200SMA × 0.95 (138% of) | 7.9% off 52W high (sweet spot) | Above 50SMA
- L3 Options: 2/5 -- Best put: 250P 2026-05-29 (31DTE, delta 0.26) | Premium $5.59 | OI 14 | IV 40% | Ann 26.3%
- L4 Volatility: 1/5 -- HV Rank 73.8 -- stress signal, investigate
- L5 Events: 5/5 -- Earnings ~89d (clear of window, last filed 2026-04-24)
### MSFT -- Microsoft Corp
**Composite:** 16/25 | **Price:** $429.25 | **Mkt Cap:** $3154.6B
- L1 Fundamentals: 5/5 -- FCF positive 5/5 yrs | ROIC 24.7% | Debt/EBITDA 0.7x | Interest coverage 999.0x | Rev CAGR 13.8%
- L2 Technicals: 3/5 -- 22.7% off 52W high (sweet spot) | Above 50SMA
- L3 Options: 4/5 -- Best put: 400P 2026-05-29 (31DTE, delta 0.25) | Premium $7.58 | OI 859 | IV 40% | Ann 22.3%
- L4 Volatility: 4/5 -- HV Rank 46.6 (sweet spot 45)
- L5 Events: 0/5 -- Earnings ~1d (inside DTE window, skip or shorten expiry)
### WMT -- Walmart Inc. Common Stock
**Composite:** 16/25 | **Price:** $127.59 | **Mkt Cap:** $1017.0B
- L1 Fundamentals: 5/5 -- FCF positive 5/5 yrs | ROIC 12.8% | Debt/EBITDA 2.4x | Interest coverage 999.0x | Rev CAGR 5.6%
- L2 Technicals: 4/5 -- Above 200SMA × 0.95 (114% of) | 5.3% off 52W high (sweet spot) | Above 50SMA
- L3 Options: 2/5 -- Best put: 120P 2026-05-29 (31DTE, delta 0.25) | Premium $1.75 | OI 337 | IV 33% | Ann 17.2%
- L4 Volatility: 5/5 -- HV Rank 45.5 (sweet spot 45)
- L5 Events: 0/5 -- Earnings ~34d (inside DTE window, skip or shorten expiry)
### PG -- Procter & Gamble Company
**Composite:** 16/25 | **Price:** $149.17 | **Mkt Cap:** $345.6B
- L1 Fundamentals: 5/5 -- FCF positive 5/5 yrs | ROIC 24.4% | Debt/EBITDA 0.5x | Interest coverage 999.0x | Rev CAGR 4.3%
- L2 Technicals: 3/5 -- Above 200SMA × 0.95 (99% of) | 12.8% off 52W high (sweet spot)
- L3 Options: 0/5 -- Best put: 143P 2026-05-29 (31DTE, delta 0.24) | Premium $1.21 | OI 114 | IV 21% | Ann 10.0%
- L4 Volatility: 3/5 -- HV Rank 40.3 (sweet spot 45)
- L5 Events: 5/5 -- Earnings ~88d (clear of window, last filed 2026-04-24)
### KO -- Coca-Cola Company
**Composite:** 16/25 | **Price:** $78.35 | **Mkt Cap:** $324.7B
- L1 Fundamentals: 5/5 -- FCF positive 5/5 yrs | ROIC 27.8% | Debt/EBITDA 0.5x | Interest coverage 8.3x | Rev CAGR 5.5%
- L2 Technicals: 2/5 -- Above 200SMA × 0.95 (109% of) | Only 4.5% off high -- too extended | Above 50SMA
- L3 Options: 0/5 -- Best put: 75P 2026-06-05 (38DTE, delta 0.23) | Premium $0.59 | OI 196 | IV 19% | Ann 7.6%
- L4 Volatility: 4/5 -- HV Rank 41.9 (sweet spot 45)
- L5 Events: 5/5 -- Earnings ~62d (clear of window, last filed 2025-07-24)
## Tier C (16 names)
### GE -- GE Aerospace
**Composite:** 15/25 | **Price:** $289.20 | **Mkt Cap:** $296.9B
- L1 Fundamentals: 3/5 -- FCF positive 4/5 yrs | ROIC 14.3% | Interest coverage 999.0x
- L2 Technicals: 4/5 -- Above 200SMA × 0.95 (97% of) | 17.0% off 52W high (sweet spot) | RSI 39.0 (entry zone)
- L3 Options: 2/5 -- Best put: 270P 2026-05-29 (31DTE, delta 0.25) | Premium $4.93 | OI 113 | IV 39% | Ann 21.5%
- L4 Volatility: 1/5 -- HV Rank 66.8 -- stress signal, investigate
- L5 Events: 5/5 -- Earnings ~84d (clear of window, last filed 2026-04-21)
### RTX -- RTX Corporation
**Composite:** 15/25 | **Price:** $175.68 | **Mkt Cap:** $233.5B
- L1 Fundamentals: 4/5 -- FCF positive 5/5 yrs | Debt/EBITDA 1.9x | Interest coverage 999.0x | Rev CAGR 8.3%
- L2 Technicals: 3/5 -- Above 200SMA × 0.95 (98% of) | 18.1% off 52W high (sweet spot)
- L3 Options: 1/5 -- Best put: 165P 2026-06-05 (38DTE, delta 0.25) | Premium $2.64 | OI 21 | IV 32% | Ann 15.4%
- L4 Volatility: 2/5 -- HV Rank 34.6 (sweet spot 45)
- L5 Events: 5/5 -- Earnings ~84d (clear of window, last filed 2026-04-21)
### JNJ -- Johnson & Johnson
**Composite:** 14/25 | **Price:** $227.79 | **Mkt Cap:** $542.4B
- L1 Fundamentals: 5/5 -- FCF positive 5/5 yrs | ROIC 19.3% | Debt/EBITDA 1.8x | Interest coverage 999.0x | Rev CAGR 3.3%
- L2 Technicals: 3/5 -- Above 200SMA × 0.95 (111% of) | 9.5% off 52W high (sweet spot)
- L3 Options: 0/5 -- Best put: 215P 2026-06-05 (38DTE, delta 0.22) | Premium $2.34 | OI 24 | IV 25% | Ann 10.4%
- L4 Volatility: 1/5 -- HV Rank 25.3 -- premium too thin
- L5 Events: 5/5 -- Earnings ~85d (clear of window, last filed 2026-04-22)
### PEP -- PepsiCo, Inc.
**Composite:** 13/25 | **Price:** $156.29 | **Mkt Cap:** $210.6B
- L1 Fundamentals: 4/5 -- FCF positive 4/5 yrs | ROIC 12.1% | Interest coverage 10.3x | Rev CAGR 7.5%
- L2 Technicals: 3/5 -- Above 200SMA × 0.95 (104% of) | 8.9% off 52W high (sweet spot)
- L3 Options: 0/5 -- Best put: 150P 2026-05-29 (31DTE, delta 0.26) | Premium $1.32 | OI 54 | IV 21% | Ann 10.4%
- L4 Volatility: 1/5 -- HV Rank 32.5 (sweet spot 45)
- L5 Events: 5/5 -- Earnings ~72d (clear of window, last filed 2026-04-16)
### MMM -- 3M Company
**Composite:** 13/25 | **Price:** $146.03 | **Mkt Cap:** $76.0B
- L1 Fundamentals: 3/5 -- FCF positive 4/5 yrs | ROIC 17.4% | Interest coverage 999.0x
- L2 Technicals: 3/5 -- 17.7% off 52W high (sweet spot) | RSI 42.7 (entry zone)
- L3 Options: 1/5 -- Best put: 138P 2026-05-29 (31DTE, delta 0.24) | Premium $1.86 | OI 3 | IV 30% | Ann 15.8%
- L4 Volatility: 1/5 -- HV Rank 14.9 -- premium too thin
- L5 Events: 5/5 -- Earnings ~84d (clear of window, last filed 2026-04-21)
### HON -- Honeywell International, Inc.
**Composite:** 13/25 | **Price:** $212.93 | **Mkt Cap:** $134.4B
- L1 Fundamentals: 4/5 -- FCF positive 5/5 yrs | ROIC 13.0% | Interest coverage 999.0x | Rev CAGR 3.5%
- L2 Technicals: 3/5 -- Above 200SMA × 0.95 (101% of) | 14.2% off 52W high (sweet spot)
- L3 Options: 0/5 -- Best put: 200P 2026-06-05 (38DTE, delta 0.23) | Premium $2.42 | OI 30 | IV 28% | Ann 11.6%
- L4 Volatility: 1/5 -- HV Rank 33.7 (sweet spot 45)
- L5 Events: 5/5 -- Earnings ~81d (clear of window, last filed 2026-04-23)
### LMT -- Lockheed Martin Corp.
**Composite:** 13/25 | **Price:** $512.29 | **Mkt Cap:** $118.4B
- L1 Fundamentals: 4/5 -- FCF positive 5/5 yrs | ROIC 18.5% | Interest coverage 999.0x | Rev CAGR 3.5%
- L2 Technicals: 1/5 -- Above 200SMA × 0.95 (98% of) | 26.0% off high -- too deep, possible distress
- L3 Options: 1/5 -- Best put: 480P 2026-06-05 (38DTE, delta 0.25) | Premium $8.38 | OI 5 | IV 34% | Ann 16.8%
- L4 Volatility: 2/5 -- HV Rank 54.0 (sweet spot 45)
- L5 Events: 5/5 -- Earnings ~86d (clear of window, last filed 2026-04-23)
### BA -- Boeing Company
**Composite:** 13/25 | **Price:** $230.72 | **Mkt Cap:** $182.4B
- L1 Fundamentals: 2/5 -- Interest coverage 999.0x | Rev CAGR 9.5%
- L2 Technicals: 4/5 -- Above 200SMA × 0.95 (105% of) | 9.3% off 52W high (sweet spot) | Above 50SMA
- L3 Options: 1/5 -- Best put: 215P 2026-06-05 (38DTE, delta 0.24) | Premium $3.66 | OI 190 | IV 34% | Ann 16.4%
- L4 Volatility: 1/5 -- HV Rank 26.7 -- premium too thin
- L5 Events: 5/5 -- Earnings ~91d (clear of window, last filed 2026-04-22)
### TMUS -- T-Mobile US, Inc.
**Composite:** 13/25 | **Price:** $186.72 | **Mkt Cap:** $201.4B
- L1 Fundamentals: 3/5 -- FCF positive 4/5 yrs | Interest coverage 999.0x | Rev CAGR 2.5%
- L2 Technicals: 1/5 -- 28.6% off high -- too deep, possible distress | RSI 38.1 (entry zone)
- L3 Options: 2/5 -- Best put: 175P 2026-05-29 (31DTE, delta 0.25) | Premium $4.07 | OI 27 | IV 43% | Ann 27.4%
- L4 Volatility: 2/5 -- HV Rank 36.1 (sweet spot 45)
- L5 Events: 5/5 -- Earnings ~86d (clear of window, last filed 2025-10-23)
### AMD -- Advanced Micro Devices
**Composite:** 13/25 | **Price:** $323.21 | **Mkt Cap:** $545.6B
- L1 Fundamentals: 4/5 -- FCF positive 5/5 yrs | Debt/EBITDA 0.8x | Interest coverage 28.2x | Rev CAGR 20.5%
- L2 Technicals: 4/5 -- Above 200SMA × 0.95 (155% of) | 8.4% off 52W high (sweet spot) | Above 50SMA
- L3 Options: 2/5 -- Best put: 290P 2026-06-05 (38DTE, delta 0.26) | Premium $11.51 | OI 68 | IV 64% | Ann 38.1%
- L4 Volatility: 3/5 -- HV Rank 39.9 (sweet spot 45)
- L5 Events: 0/5 -- Earnings ~8d (inside DTE window, skip or shorten expiry)
### ORCL -- Oracle Corp
**Composite:** 13/25 | **Price:** $165.96 | **Mkt Cap:** $497.4B
- L1 Fundamentals: 3/5 -- ROIC 51.9% | Debt/EBITDA 0.6x | Rev CAGR 9.1%
- L2 Technicals: 1/5 -- 52.0% off high -- too deep, possible distress | Above 50SMA
- L3 Options: 3/5 -- Best put: 150P 2026-06-05 (38DTE, delta 0.24) | Premium $4.32 | OI 529 | IV 53% | Ann 27.6%
- L4 Volatility: 3/5 -- HV Rank 39.3 (sweet spot 45)
- L5 Events: 3/5 -- Earnings date unknown (irregular filing cadence) -- verify manually
### ADBE -- Adobe Inc.
**Composite:** 13/25 | **Price:** $243.20 | **Mkt Cap:** $96.7B
- L1 Fundamentals: 5/5 -- FCF positive 5/5 yrs | ROIC 34.0% | Debt/EBITDA 1.1x | Interest coverage 999.0x | Rev CAGR 10.8%
- L2 Technicals: 0/5 -- 42.5% off high -- too deep, possible distress
- L3 Options: 2/5 -- Best put: 225P 2026-05-29 (31DTE, delta 0.25) | Premium $4.66 | OI 272 | IV 44% | Ann 24.4%
- L4 Volatility: 1/5 -- HV Rank 100.0 -- stress signal, investigate
- L5 Events: 5/5 -- Earnings ~57d (clear of window, last filed 2026-03-25)
### NOW -- SERVICENOW, INC.
**Composite:** 13/25 | **Price:** $90.49 | **Mkt Cap:** $93.3B
- L1 Fundamentals: 4/5 -- FCF positive 5/5 yrs | Debt/EBITDA 1.7x | Interest coverage 999.0x | Rev CAGR 22.5%
- L2 Technicals: 1/5 -- 57.2% off high -- too deep, possible distress | RSI 44.3 (entry zone)
- L3 Options: 2/5 -- Best put: 82P 2026-06-05 (38DTE, delta 0.26) | Premium $2.66 | OI 14 | IV 55% | Ann 31.1%
- L4 Volatility: 1/5 -- HV Rank 99.0 -- stress signal, investigate
- L5 Events: 5/5 -- Earnings ~90d (clear of window, last filed 2026-04-23)
### MRK -- Merck & Co., Inc.
**Composite:** 12/25 | **Price:** $110.03 | **Mkt Cap:** $272.3B
- L1 Fundamentals: 4/5 -- ROIC 29.9% | Debt/EBITDA 0.4x | Interest coverage 999.0x | Rev CAGR 7.5%
- L2 Technicals: 3/5 -- Above 200SMA × 0.95 (111% of) | 12.1% off 52W high (sweet spot)
- L3 Options: 1/5 -- Best put: 103P 2026-06-05 (38DTE, delta 0.25) | Premium $1.83 | OI 0 | IV 34% | Ann 17.0%
- L4 Volatility: 4/5 -- HV Rank 49.0 (sweet spot 45)
- L5 Events: 0/5 -- Earnings ~12d (inside DTE window, skip or shorten expiry)
### MCD -- McDonald's Corporation
**Composite:** 12/25 | **Price:** $292.39 | **Mkt Cap:** $206.3B
- L1 Fundamentals: 4/5 -- FCF positive 5/5 yrs | ROIC 25.5% | Interest coverage 7.8x | Rev CAGR 3.7%
- L2 Technicals: 3/5 -- 14.4% off 52W high (sweet spot) | RSI 33.8 (entry zone)
- L3 Options: 1/5 -- Best put: 280P 2026-05-29 (31DTE, delta 0.25) | Premium $3.00 | OI 97 | IV 24% | Ann 12.6%
- L4 Volatility: 4/5 -- HV Rank 47.1 (sweet spot 45)
- L5 Events: 0/5 -- Earnings ~2d (inside DTE window, skip or shorten expiry)
### NKE -- Nike, Inc.
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Tier B looks busier than it is - composite scores hide some real problems. Walking the live names:
MSFT (16): Earnings ~1 day out kills it until you see the print. Otherwise it's the cleanest profile on the page - OI 859, 22% annualized, sweet-spot HV. Re-screen Thursday after the report.
TXN (17): HV Rank 73.8 stress signal needs a news check before acting. IV at 40% says something moved recently. OI 14 is also thin - the 250P fills could slip. If the vol is just sympathy noise, this is the most interesting setup; if there's real headline risk, pass.
WMT (16): Earnings ~34 days, just inside your 31DTE window. Either shorten to a 25-28 DTE strike that clears the print or skip - 17% annualized isn't fat enough to take binary earnings risk.
VZ (19, highest comp): Cleanest profile (clear earnings, sweet-spot vol, RSI 45 entry zone) but 10.2% annualized is selling for nickels. Acceptable as a boring anchor; not a setup that earns its capital.
PG / KO: Both fail on premium - PG at 10%, KO at 7.6%. Skip both. T-bills are competing for that allocation.
Tier C worth glancing at:
AMD (13): Fattest premium on the page at 38% annualized, OI 68, technicals strong. But earnings ~8 days = same WMT problem, more acute. Skip until after the print.
GE (15): HV Rank 66.8 stress signal but otherwise clean - 21.5% annualized, RSI 39, clear earnings. Probably the most actionable Tier C name if you can verify the vol source.
ORCL (13): 52% off high is distress territory plus unknown earnings date. That's a "what's broken" question, not a wheel candidate.
My read: Thin morning. The two names worth real diligence are TXN and GE - both have premium, both have stress signals to verify before sizing. VZ if you want a low-yield anchor while you wait for better setups. Everything else is either earnings-blocked or premium-starved.
Standard caveat: not financial advice, and the screen flags things to investigate, not to buy.