Running a JOET wheel strategy lets you generate consistent premium income on Virtus Terranova U.S. Quality Momentum ETF while setting your own entry and exit prices on the underlying. Virtus Terranova U.S. Quality Momentum 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 JOET, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best JOET 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 JOET, 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 JOET wheel from a losing one.
The Fund strives to deliver exposure to U.S.-listed large-cap companies that combine strong quality fundamentals with positive momentum technical trends. The Fund seeks investment results that correspond, before fees and expenses, to the performance of the Terranova U.S. Quality Momentum Index. Joe Terranova , Senior Managing Director and Chief Market Strategist for Virtus Investment Partners, created and developed the Terranova U.S. Quality Momentum Index, whose methodology reflects the investing principles he has utilized to assess markets throughout his 30+ year career on Wall Street. Indxx, LLC is the index provider and calculation agent.
The portfolio managers are affiliated with Virtus Investment Advisers, LLC, the Fund's adviser.
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 JOET wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your JOET wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
