NewtekOne Inc (NEWT) Wheel Strategy

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

NewtekOne, Inc. is a financial holding company, which engages in the provision of business and financial solutions. Its brands include Newtek Bank, Newtek Lending, Newtek Payments, Newtek Insurance, Newtek Payroll, and Newtek Technology. The company was founded by Barry Sloane in 1998 and is headquartered in Boca Raton, FL.

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