StealthGas Inc (GASS) Wheel Strategy

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

StealthGas Inc., together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users internationally. It also provides crude oil and natural gas. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals. As of December 31, 2021, it had a fleet of 44 LPG carriers with a total capacity of 389,426 cubic meters; three medium range product carriers with a total capacity of 140,000 deadweight tons (dwt); and one Aframax crude oil tanker with a total capacity of 115,804 dwt.

StealthGas Inc. was incorporated in 2004 and is based in Athens, Greece.

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