Simplify Health Care ETF (PINK) Wheel Strategy

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

The Simplify Health Care ETF (PINK) seeks long term capital appreciation by providing investors with multi-cap exposure to groundbreaking and innovative companies in biotech, medtech, gene therapy, and other fast growing health care related sectors. Michael Taylor serves as lead portfolio manager of the ETF and brings over two decades of experience managing long/short health care equity portfolios at leading hedge funds. PINK is the first 100% pro bono ETF focused on the health care sector and net profits will be donated for the benefit of the Susan G. Komen foundation on an annual basis. PINK: Shares for the Cure Find out more.

Benefiting Donations$350,000as of 09/01/25

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