Running a MAXI wheel strategy lets you generate consistent premium income on Simplify Bitcoin Strategy ETF while setting your own entry and exit prices on the underlying. Simplify Bitcoin Strategy 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 MAXI, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best MAXI 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 MAXI, 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 MAXI wheel from a losing one.
The Simplify Bitcoin Strategy PLUS Income ETF (MAXI) seeks capital gains through an actively managed Bitcoin strategy. A risk-managed options overlay is added to provide income. The Bitcoin exposure will vary between 50% to 200% of the fund’s net assets, based on a proprietary technical model. Exposure may be gained through various instruments, including Bitcoin ETFs, futures, options, or swaps. The options income strategy will focus on selling put spreads on a variety of instruments, including equity indices as well as bond and commodity ETFs.* *The fund does not invest in bitcoin directly.
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 MAXI wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your MAXI wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
