RLJ Lodging Trust (RLJ) Wheel Strategy

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

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels. The Company's portfolio consists of 103 hotels with approximately 22,570 rooms, located in 23 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

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