Getty Realty Corp (GTY) Wheel Strategy

Running a GTY wheel strategy lets you generate consistent premium income on Getty Realty Corp while setting your own entry and exit prices on the underlying. Getty Realty Corp's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own GTY, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best GTY 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 GTY, 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 GTY wheel from a losing one.

Getty Realty Corp. is the leading publicly traded real estate investment trust in the United States specializing in the ownership, leasing and financing of convenience store and gasoline station properties. As of September 30, 2020, the Company owned 896 properties and leased 58 properties from third-party landlords in 35 states across the United States and Washington, D.C.

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