Simplify US Equity PLUS Downside Convexity ETF (SPD) Wheel Strategy

Running a SPD wheel strategy lets you generate consistent premium income on Simplify US Equity PLUS Downside Convexity ETF while setting your own entry and exit prices on the underlying. Simplify US Equity PLUS Downside Convexity 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 SPD, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best SPD 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 SPD, 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 SPD wheel from a losing one.

The Simplify US Equity PLUS Downside Convexity ETF (SPD) seeks to provide capital appreciation by offering US large cap exposure while aiming to boost performance during extreme market moves down via an options overlay. The fund's core holding gives investors a low-cost, index-based exposure to US large caps. A modest option overlay budget is then deployed into a series of options positions that help create downside convexity in the fund.

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