Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) Wheel Strategy

Running a LVHD wheel strategy lets you generate consistent premium income on Franklin U.S. Low Volatility High Dividend Index ETF while setting your own entry and exit prices on the underlying. Franklin U.S. Low Volatility High Dividend Index 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 LVHD, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best LVHD 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 LVHD, 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 LVHD wheel from a losing one.

Seeks to track the investment results of an underlying index, Franklin Low Volatility High Dividend Index, which is composed of equity securities of U.S. companies with relatively high yield and low price and earnings volatility.

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