Caledonia Mining Corp Plc

CMCLAMEX · USD
24.13USD0.00 (-3.25%)
1077

Caledonia Mining Corp Plc (CMCL) Wheel Strategy

CMCL wheel strategy scan found 9 cash-secured put setups on the previous trading day. Probability of expiring worthless is above 50%. Annualized returns reach up to 48.2%.

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

Caledonia Mining Corporation Plc primarily engages in the operation of a gold mine. It also explores for and develops mineral properties for precious metals. The company holds 64% interest in the Blanket Mine, a gold mine located in Matabeleland South Province, Zimbabwe. It also has an agreement to purchase 100% ownership in the Maligreen project, a brownfield gold exploration project located in Gweru mining district in the Zimbabwe Midlands. The company was formerly known as Caledonia Mining Corporation and changed its name to Caledonia Mining Corporation Plc in March 2016. Caledonia Mining Corporation Plc was incorporated in 1992 and is headquartered in Saint Helier, 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 CMCL wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your CMCL wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.

Nov 20, 202622.50$0.60$1.90-0.33642%69.8%48.2%0
Oct 16, 202622.50$0.30$0.68-0.28292%78.5%37.8%12
Dec 18, 202622.50$0.25$1.58-0.32922%66.4%27.8%11
Mar 19, 202722.50$1.30$2.25-0.331832%61.1%19.9%2
Mar 19, 202720.00$0.25$1.53-0.231832%78.2%15.2%1
Oct 16, 202620.00$0.05$0.23-0.11292%97.9%14.2%3
Nov 20, 202620.00$0.10$0.48-0.15642%91.3%13.5%0
Mar 19, 202717.50$0.30$1.15-0.161832%91.0%13.1%3
Mar 19, 202715.00$0.15$0.38-0.071832%97.7%5.0%5

As of September 23, 2026

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Find the best CMCL wheel strategy setups across strikes and expirations, plan ahead with at-strike values, and keep your covered calls and puts on track.

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