Prairie Operating Co (PROP) Wheel Strategy

Running a PROP wheel strategy lets you generate consistent premium income on Prairie Operating Co while setting your own entry and exit prices on the underlying. Prairie Operating Co's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own PROP, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best PROP 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 PROP, 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 PROP wheel from a losing one.

Prairie Operating Co. engages in developing energy to meet growing demand, while protecting the environment. The company was formerly known as Creek Road Miners, Inc. and changed its name to Prairie Operating Co. in May 2023. Prairie Operating Co. is based in Oklahoma City, Oklahoma.

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