KNOT Offshore Partners LP (KNOP) Wheel Strategy

Running a KNOP wheel strategy lets you generate consistent premium income on KNOT Offshore Partners LP while setting your own entry and exit prices on the underlying. KNOT Offshore Partners LP's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own KNOP, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best KNOP 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 KNOP, 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 KNOP wheel from a losing one.

KNOT Offshore Partners LP owns, acquires, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, discharge, and storage of crude oil under time charters and bareboat charters. As of March 17, 2022, it operated a fleet of seventeen shuttle tankers. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.

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