Chimera Investment Corp (CIM) Wheel Strategy

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

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency and non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of residential, commercial mortgage loans, and other real estate related securities. It has elected to be taxed as a REIT. In addition, the company invests in investment, non-investment grade, and non-rated classes. The company was incorporated in 2007 and is based in New York, New York.

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