Running a PGY wheel strategy lets you generate consistent premium income on Pagaya Technologies Ltd while setting your own entry and exit prices on the underlying. Pagaya Technologies Ltd's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own PGY, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best PGY 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 PGY, 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 PGY wheel from a losing one.
Pagaya Technologies Ltd. operates as a financial technology company in Israel, the United States, and the Cayman Islands. It develops and implements proprietary artificial intelligence technology and related software solutions to assist partners to originate loans and other assets. Its partners include high-growth financial technology companies, incumbent financial institutions, auto finance providers, and brokers. The company was founded in 2016 and is headquartered in Tel Aviv, Israel.
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 PGY wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your PGY wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
