Running a NCIQ wheel strategy lets you generate consistent premium income on Hashdex Nasdaq CME Crypto Index ETF while setting your own entry and exit prices on the underlying. Hashdex Nasdaq CME Crypto Index 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 NCIQ, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best NCIQ 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 NCIQ, 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 NCIQ wheel from a losing one.
NCIQ tracks an index reflecting the two most well-known crypto assets, bitcoin (BTH) and ether (ETH). To achieve its investment objective, the fund will not utilize leverage or derivatives and instead invests directly in spot bitcoin and spot ether. It will also maintain cash balances to cover its expenses. The fund employs a market cap-weighted strategy and allocates its assets to both the cryptocurrencies in the same proportions as the index. It will not invest in crypto securities, tokenized assets, or stablecoins. Note that the fund is riskier than other ETPs indirectly holding digital assets because of the high price volatility of crypto asset markets.
Additionally, the funds underlying index has a rules-based methodology which has the possibility of including more assets in the future depending on SEC approval. The index is rebalanced quarterly.
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 NCIQ wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your NCIQ wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
