Stance Sustainable Beta ETF (CHGX) Wheel Strategy

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

The index measures the performance of an equal-weighted portfolio of approximately 100 large-, mid-capitalization equity securities of U.S.-listed companies. The fund adviser attempts to invest all, or substantially all, of its assets in the component securities that make up the index. The adviser expects that, over time, the correlation between the fund’s performance and that of the index will be 95% or better.

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