Simplify Enhanced Income ETF (HIGH) Wheel Strategy

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

The Simplify Enhanced Income ETF (HIGH) seeks to provide monthly income by selling short-dated put and/or call spreads on a variety of equity and fixed income instruments, which may include indices, ETFs or individual securities. The fund is intended to be an alternative high yield solution, as it seeks to provide significant supplemental income to T-bills with low correlation to traditional credit and duration exposure. A sophisticated option-writing algorithm seeks to sell spreads that generate attractive risk-adjusted returns, while an additional layer of risk management helps manage tail risk associated with selling options.

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