T-REX 2X Long RDW Daily Target ETF (RDWU) Wheel Strategy

Running a RDWU wheel strategy lets you generate consistent premium income on T-REX 2X Long RDW Daily Target ETF while setting your own entry and exit prices on the underlying. T-REX 2X Long RDW Daily Target 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 RDWU, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best RDWU 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 RDWU, 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 RDWU wheel from a losing one.

RDWU uses swap agreements and listed call options to make bullish bets on the share price of Redwire Corporation (NYSE: RDW). The fund may also invest directly in the RDW. Redwire Corporation provides critical space solutions and space infrastructure for the next-generation space economy. It serves government and commercial customers worldwide. It holds IP in solar power generation and in-space 3D printing and manufacturing. It helps its customers address the challenges of future space missions. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in RDW price through daily rebalancing.

Returns may deviate from the expected 200% if held for longer than a single day due to factors such as volatility and compounding. The fund expects to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.

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