Day Hagan Smart Sector ETF (SSUS) Wheel Strategy

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

The fund is considered a "fund of funds" that, under normal market conditions, seeks to achieve its investment objective by principally investing in unaffiliated equity exchange traded funds ("ETFs") that track the performance of the individual sectors ("Sectors") of the S&P 500 Index. The Advisor will attempt to enhance returns relative to the index by overweighting and underweighting its exposure to the Sectors relative to the index and may reduce its overall exposure to ETFs as determined by its risk management model. It is non-diversified.

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