State Street SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) Wheel Strategy

Running a BILS wheel strategy lets you generate consistent premium income on State Street SPDR Bloomberg 3-12 Month T-Bill ETF while setting your own entry and exit prices on the underlying. State Street SPDR Bloomberg 3-12 Month T-Bill ETF's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own BILS, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best BILS 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 BILS, 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 BILS wheel from a losing one.

The State Street SPDR Bloomberg 3-12 Month T-Bill ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg 3-12 Month U.S. Treasury Bill Index (the "Index")Seeks to provide exposure to publicly issued U.S. Treasury Bills that have remaining maturities between 3 and 12 monthsShort duration fixed income is less exposed to fluctuations in interest rates than longer duration securitiesRebalanced on the last business day of the month

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 BILS wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your BILS wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.