Running a STNG wheel strategy lets you generate consistent premium income on Scorpio Tankers Inc while setting your own entry and exit prices on the underlying. Scorpio Tankers Inc's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own STNG, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best STNG 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 STNG, 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 STNG wheel from a losing one.
Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of refined petroleum products in the shipping markets worldwide. As of March 18, 2022, the company's fleet consisted of 124 owned, finance leased, or bareboat chartered-in tankers, including 42 LR2, 6 LR1, 62 MR, and 14 Handymax with a weighted average age of approximately 6.2 years. Scorpio Tankers Inc. was incorporated in 2009 and is based in Monaco.
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 STNG wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your STNG wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
