Roundhill Meme Stock ETF (MEME) Wheel Strategy

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

Meme stocks represent a unique force in today’s markets, where retail participation and rapid sentiment shifts can drive extreme volatility. The Roundhill Meme Stock ETF (“MEME”) is the only ETF in the world to offer targeted exposure to meme stocks. MEME is an actively managed ETF.

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