Fidelity International Multifactor ETF (FDEV) Wheel Strategy

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

Provides exposure to a portfolio of international companies that score well across value, quality, low volatility, and momentum factors, and also have lower correlation to the US market.

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