Matthews China Innovators Active ETF (MCHS) Wheel Strategy

Running a MCHS wheel strategy lets you generate consistent premium income on Matthews China Innovators Active ETF while setting your own entry and exit prices on the underlying. Matthews China Innovators Active 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 MCHS, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best MCHS 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 MCHS, 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 MCHS wheel from a losing one.

Under normal circumstances, the Matthews China Discovery Active ETF seeks to achieve its investment objective by investing at least 65% of its net assets, which include borrowings for investment purposes, in the common and preferred stocks of small companies. In addition, at least 80% of the fund’s net assets, which includes borrowings for investment purposes, will be invested in the common and preferred stocks of companies located in China. The fund 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 MCHS wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your MCHS wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.