Invesco International Dividend Achievers ETF (PID) Wheel Strategy

Running a PID wheel strategy lets you generate consistent premium income on Invesco International Dividend Achievers ETF while setting your own entry and exit prices on the underlying. Invesco International Dividend Achievers 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 PID, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best PID 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 PID, 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 PID wheel from a losing one.

The Invesco International Dividend Achievers ETF (Fund) is based on the NASDAQ International Dividend Achievers Index (Index). The Fund will normally invest at least 90% of its total assets in dividend-paying common stocks and other securities that comprise the Index. The Index is designed to identify an international group of American Depository Receipts, Global Depositary Receipts and non-U.S. common or ordinary stocks that have qualified as International Dividend Achievers. These companies have increased their aggregate annual regular cash dividend payments consistently for at least each of the last five consecutive years.

The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually in March and rebalanced quarterly in March, June, September and December.

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