Northern Trust Quality Dividend Defensive ETF (QDEF) Wheel Strategy

Running a QDEF wheel strategy lets you generate consistent premium income on Northern Trust Quality Dividend Defensive ETF while setting your own entry and exit prices on the underlying. Northern Trust Quality Dividend Defensive 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 QDEF, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best QDEF 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 QDEF, 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 QDEF wheel from a losing one.

For investors seeking a defensive approach to US quality.The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend Defensive Index (Underlying Index).

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