Running a PUMP wheel strategy lets you generate consistent premium income on ProPetro Holding Corp while setting your own entry and exit prices on the underlying. ProPetro Holding Corp's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own PUMP, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best PUMP 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 PUMP, 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 PUMP wheel from a losing one.
ProPetro Holding Corp., an oilfield services company, provides hydraulic fracturing and other related services. The company operates through Pressure Pumping and All Other segments. It offers cementing, acidizing, and coiled tubing services. The company serves oil and gas companies engaged in the exploration and production of North American oil and natural gas resources. As of December 31, 2021, its fleet comprised 12 hydraulic fracturing units with 1,423,000 hydraulic horsepower. ProPetro Holding Corp. was founded in 2007 and is headquartered in Midland, Texas.
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 PUMP wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your PUMP wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
