Cherry Hill Mortgage Investment Corp (CHMI) Wheel Strategy

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

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. The company operates through Investments in RMBS (residential mortgage-backed securities), Investments in Servicing Related Assets, and All Other segments. It manages a portfolio of servicing related assets and RMBS. Cherry Hill Mortgage Investment Corporation qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.

Cherry Hill Mortgage Investment Corporation was incorporated in 2012 and is based in Farmingdale, New Jersey.

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