Running a OWL wheel strategy lets you generate consistent premium income on Blue Owl Capital Inc while setting your own entry and exit prices on the underlying. Blue Owl Capital 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 OWL, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best OWL 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 OWL, 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 OWL wheel from a losing one.
Blue Owl Capital Inc. operates as an asset manager. It offers permanent capital base solutions that enables it to offer a holistic platform to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. The company provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; GP capital solutions products, which offers capital solutions, including GP minority equity investments, GP debt financing, and professional sports minority investments to large private capital managers; and real estate products that focuses on structuring sale-leaseback transactions, which includes triple net leases.
It offers its solutions through permanent capital vehicles, as well as long-dated private funds. The company is headquartered in New York, New York.
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 OWL wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your OWL wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
