Pershing Square Inc (PS) Wheel Strategy

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

Pershing Square Inc., an alternative asset management firm, was established in 2024 and is headquartered in New York, New York. This entity previously operated under the name Pershing Square Holdco, L.P. It functions as a subsidiary of Pershing Square Partner Group, LLC.

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