Perella Weinberg Partners (PWP) Wheel Strategy

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

Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advice services related to mission-critical strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, capital raising, structure and restructuring, capital markets advisory, energy underwriting, and equity research. It serves public multinational corporations, mid-sized public and private companies, individual entrepreneurs, private and institutional investors, creditor committees, and government institutions in various industries comprising consumer and retail; energy; financial institutions; healthcare; industrials; and technology, media, and telecommunications.

The company was founded in 2006 and is based in New York, New York.

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