Matthews Emerging Markets ex China Active ETF (MEMX) Wheel Strategy

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

Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in the common and preferred stocks of companies located in emerging market countries excluding China. The fund may also invest in companies located in developed countries or China; however, the fund may not invest in any company located in a developed country or China if, at the time of purchase, more than 20% of the fund’s assets are invested in a combination of developed market and Chinese companies.

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