BJ's Restaurant Inc (BJRI) Wheel Strategy

Running a BJRI wheel strategy lets you generate consistent premium income on BJ's Restaurant Inc while setting your own entry and exit prices on the underlying. BJ's Restaurant Inc's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own BJRI, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best BJRI 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 BJRI, 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 BJRI wheel from a losing one.

BJ's Restaurants, Inc. owns and operates casual dining restaurants in the United States. The company's restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of April 19, 2022, it operated 213 restaurants in 29 states. The company was founded in 1978 and is based in Huntington Beach, California.

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