Bloomin Brands Inc (BLMN) Wheel Strategy

Running a BLMN wheel strategy lets you generate consistent premium income on Bloomin Brands Inc while setting your own entry and exit prices on the underlying. Bloomin Brands 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 BLMN, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best BLMN 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 BLMN, 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 BLMN wheel from a losing one.

Bloomin' Brands, Inc., through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse. As of December 26, 2021, the company owned and operated 1,013 full-service restaurants and franchised 157 restaurants across 47 states; and 156 full-service restaurants and franchised 172 restaurants across 17 countries and Guam.

The company was founded in 1988 and is based in Tampa, Florida.

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