Goldman Sachs BDC Inc (GSBD) Wheel Strategy

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

Goldman Sachs BDC, Inc. is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities. The fund primarily invests in United States. It seeks to invest between $10 million and $75 million in companies with EBITDA between $5 million and $75 million annually.

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