Banco Bilbao Vizcaya Argentaria SA ADR (BBVA) Wheel Strategy

Running a BBVA wheel strategy lets you generate consistent premium income on Banco Bilbao Vizcaya Argentaria SA ADR while setting your own entry and exit prices on the underlying. Banco Bilbao Vizcaya Argentaria SA ADR's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own BBVA, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best BBVA wheel strategy setups in real time.

The wheel works best on liquid, high-quality names with stable fundamentals and active options markets — exactly the profile many large-cap leaders fit. The mechanics are simple: sell a cash-secured put on BBVA, collect premium, and either keep the premium if it expires worthless or take assignment at a discount to current price. Once assigned, sell covered calls against the shares to keep collecting premium until they're called away. Choosing the right strikes, expirations, and IV environment is what separates a profitable BBVA wheel from a losing one.

Banco Bilbao Vizcaya Argentaria, S.A., together with its subsidiaries, provides retail banking, wholesale banking, and asset management services. It offers current accounts; and demand, savings, overnight, time, term, and subordinated deposits. The company also provides loan products; deals in securities; and manages pension and investment funds. In addition, it offers credit cards; corporate and investment banking services; insurance products and services; and real estate services. The company provides its products through online and mobile channels. As of December 31, 2021, it operated through a network of 6,083 branches and 29,148 ATMs.

It operates in Spain, Mexico, South America, the United States, Turkey, Asia, and rest of Europe. Banco Bilbao Vizcaya Argentaria, S.A. was founded in 1857 and is headquartered in Bilbao, Spain.

The difference between a wheel that compounds and one that bleeds comes down to strike selection, IV timing, and discipline on assignment. Our scanner handles the heavy lifting: it ranks every leg of the BBVA wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your BBVA wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.