Figs Inc
Figs Inc (FIGS) Wheel Strategy
FIGS wheel strategy scan found 5 cash-secured put setups on the previous trading day. Probability of expiring worthless is above 50%. Annualized returns reach up to 90.6%.
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Running a FIGS wheel strategy lets you generate consistent premium income on Figs Inc while setting your own entry and exit prices on the underlying. Figs Inc's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own FIGS, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best FIGS 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 FIGS, 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 FIGS wheel from a losing one.
FIGS, Inc. operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States. It designs and sells healthcare apparel and other non-scrub offerings, such as lab coats, under scrubs, outerwear, activewear, loungewear, compression socks footwear, and masks. It also offers sports bras, performance leggings, tops, super-soft pima cotton tops, vests, and jackets. The company markets and sells its products through its digital platform comprising website and mobile app. FIGS, Inc. was founded in 2013 and is headquartered in Santa Monica, 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 FIGS wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your FIGS wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
| Oct 16, 2026 | 12.50 | $0.50 | $0.90 | -0.38 | 29 | 21% | 58.5% | 90.6% | 259 |
| Jan 15, 2027 | 12.50 | $1.50 | $1.65 | -0.37 | 120 | 21% | 50.4% | 40.2% | 27 |
| Apr 16, 2027 | 10.00 | $0.55 | $1.15 | -0.21 | 211 | 21% | 67.5% | 19.9% | 7 |
| Jan 15, 2027 | 10.00 | $0.40 | $0.55 | -0.17 | 120 | 21% | 75.7% | 16.7% | 72 |
| Apr 16, 2027 | 7.50 | $0.10 | $0.53 | -0.10 | 211 | 21% | 86.8% | 12.1% | 16 |
As of September 17, 2026
Run the Wheel on FIGS With Confidence
Find the best FIGS 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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