MGIC Investment Corp (MTG) Wheel Strategy

Running a MTG wheel strategy lets you generate consistent premium income on MGIC Investment Corp while setting your own entry and exit prices on the underlying. MGIC Investment Corp's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own MTG, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best MTG 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 MTG, 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 MTG wheel from a losing one.

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It also provides contract underwriting services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders.

MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.

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