Davis Select U.S. Equity ETF (DUSA) Wheel Strategy

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

Under normal market conditions, the fund will invest at least 80% of its net assets plus any borrowings for investment purposes in equity securities issued by U.S. companies. The fund's portfolio generally contains between 15 and 35 companies. It may invest a portion of its assets in financial services companies. The fund may also invest in mid- and small-capitalization companies, which the manager considers to be those companies with less than $10 billion in market capitalization. It may invest up to 20% of net assets in non-U.S. companies. The fund is non-diversified.

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