Invesco Dorsey Wright Utilities Momentum ETF (PUI) Wheel Strategy

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

The Invesco Dorsey Wright Utilities Momentum ETF (Fund) is based on the Dorsey Wright Utilities Technical Leaders Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is designed to identify companies that are showing relative strength (momentum), and is composed of at least 30 securities from the NASDAQ US Benchmark Index. Relative strength is the measurement of a security's performance in a given universe over time as compared to the performance of all other securities in that universe. The Fund and the Index are rebalanced and reconstituted quarterly.

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