Herbalife Ltd
Herbalife Ltd (HLF) Wheel Strategy
HLF wheel strategy scan found 16 cash-secured put setups on the previous trading day. Probability of expiring worthless is above 50%. Annualized returns reach up to 128.5%.
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Running a HLF wheel strategy lets you generate consistent premium income on Herbalife Ltd while setting your own entry and exit prices on the underlying. Herbalife Ltd's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own HLF, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best HLF 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 HLF, 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 HLF wheel from a losing one.
Herbalife Nutrition Ltd. offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and rest of Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition. It offers weight management products, including meal replacement products, protein shakes, drink mixes, weight loss enhancers, and healthy snacks; targeted nutrition products, which comprise functional beverages, and dietary and nutritional supplements that contain herbs, vitamins, minerals, and other natural ingredients; outer nutrition products, such as facial skin, body, and hair care products; and energy, sports, and fitness products, including N-R-G tea and energy drink products.
The company also provides literature, promotional, and other materials that comprise start-up kits, sales tools, and educational materials. It offers its products through independent service providers and sales representatives, as well as through company-operated retail platforms. The company was formerly known as Herbalife Ltd. and changed its name to Herbalife Nutrition Ltd. in April 2018. Herbalife Nutrition Ltd. was founded in 1980 and is headquartered in Los Angeles, California.
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 HLF wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your HLF wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
| Nov 6, 2026 | 12.00 | $0.55 | $1.78 | -0.37 | 42 | 6% | 56.9% | 128.5% | 0 |
| Oct 2, 2026 | 12.50 | $0.15 | $0.28 | -0.46 | 7 | 6% | 51.0% | 114.7% | 0 |
| Oct 23, 2026 | 12.00 | $0.35 | $0.55 | -0.36 | 28 | 6% | 59.5% | 59.7% | 2 |
| Oct 30, 2026 | 12.00 | $0.05 | $0.53 | -0.35 | 35 | 6% | 58.0% | 45.6% | 1 |
| Oct 16, 2026 | 12.00 | $0.05 | $0.30 | -0.32 | 21 | 6% | 61.6% | 43.5% | 0 |
| Oct 9, 2026 | 11.50 | $0.05 | $0.15 | -0.19 | 14 | 6% | 78.3% | 34.0% | 0 |
| May 21, 2027 | 10.00 | $0.75 | $1.73 | -0.24 | 238 | 6% | 63.7% | 26.5% | 0 |
| Dec 18, 2026 | 10.00 | $0.35 | $0.58 | -0.20 | 84 | 6% | 77.8% | 25.0% | 24 |
| Nov 20, 2026 | 10.00 | $0.20 | $0.35 | -0.16 | 56 | 6% | 83.6% | 22.8% | 924 |
| Feb 19, 2027 | 10.00 | $0.80 | $0.88 | -0.22 | 147 | 6% | 70.0% | 21.7% | 1,809 |
As of September 25, 2026
Run the Wheel on HLF With Confidence
Find the best HLF wheel strategy setups across strikes and expirations, plan ahead with at-strike values, and keep your covered calls and puts on track.
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