Running a ION wheel strategy lets you generate consistent premium income on ProShares S&P Global Core Battery Metals ETF while setting your own entry and exit prices on the underlying. ProShares S&P Global Core Battery Metals 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 ION, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best ION 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 ION, 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 ION wheel from a losing one.
The index consists of companies that had (i) positive total revenue and (ii) positive production value from, in aggregate, the mining of lithium, nickel and cobalt during the previous year. Production value is the dollar market value of the lithium, nickel or cobalt produced. Under normal circumstances, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in the securities that comprise the index. It is non-diversified.
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 ION wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your ION wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
