Simplify Hedged Equity ETF (HEQT) Wheel Strategy

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

The Simplify Hedged Equity ETF (HEQT) seeks to provide capital appreciation by offering US large cap exposure while investing in a series of put-spread collars designed to serve as an equity hedge and help reduce volatility.Equities + put-spread collars have become a popular way to create more conservative, lower volatility equity investments. They allow upside market participation with downside hedges to help reduce risk. By deploying a ladder of collars that expire over 3 sequential months, the fund seeks to create a hedged equity experience that is additionally robust to rebalancing luck.

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