Running a RITM wheel strategy lets you generate consistent premium income on Rithm Capital Corp while setting your own entry and exit prices on the underlying. Rithm Capital 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 RITM, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best RITM 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 RITM, 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 RITM wheel from a losing one.
Rithm Capital Corp. provides capital and services to the real estate and financial services sectors in the United States. Its investment portfolio comprises mortgage servicing related assets, residential securities and loans, and consumer loans. It qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as New Residential Investment Corp. and changed its name to Rithm Capital Corp. in August 2022.
Rithm Capital Corp. was incorporated in 2011 and is headquartered 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 RITM wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your RITM wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
