Running a PGJ wheel strategy lets you generate consistent premium income on Invesco Golden Dragon China ETF while setting your own entry and exit prices on the underlying. Invesco Golden Dragon China 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 PGJ, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best PGJ 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 PGJ, 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 PGJ wheel from a losing one.
The Invesco Golden Dragon China ETF (Fund) is based on the NASDAQ Golden Dragon China Index (Index). The Fund generally will invest at least 90% of its total assets in equity securities of companies deriving a majority of their revenues from the People’s Republic of China and that comprise the Index. The Index is composed of US exchange-listed companies that are headquartered or incorporated in the People’s Republic of China. The Fund and the Index are rebalanced and reconstituted 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 PGJ wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your PGJ wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
