Fidelity MSCI Utilities Index ETF (FUTY) Wheel Strategy

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

Tracks the performance of the MSCI USA IMI Utilities 25/50 Index.

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