Running a CMG wheel strategy lets you generate consistent premium income on Chipotle Mexican Grill while setting your own entry and exit prices on the underlying. Chipotle Mexican Grill's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own CMG, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best CMG 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 CMG, 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 CMG wheel from a losing one.
Chipotle Mexican Grill, Inc., together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of February 15, 2022, it owned and operated approximately 3,000 restaurants in the United States, Canada, the United Kingdom, France, Germany, and rest of Europe. The company was founded in 1993 and is headquartered in Newport Beach, California.
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 CMG wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your CMG wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
