Amplify BlackSwan Growth & Treasury Core ETF (SWAN) Wheel Strategy

Running a SWAN wheel strategy lets you generate consistent premium income on Amplify BlackSwan Growth & Treasury Core ETF while setting your own entry and exit prices on the underlying. Amplify BlackSwan Growth & Treasury Core 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 SWAN, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best SWAN 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 SWAN, 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 SWAN wheel from a losing one.

The BlackSwan ETF seeks investment results that correspond to the S-Network BlackSwan Core Index (the Index). The Index’s investment strategy seeks uncapped exposure to the S&P 500, while buffering against the possibility of significant losses. Approximately 90% of the ETF will be invested in U.S. Treasury securities, while approximately 10% will be invested in SPY Options in the form of in-the-money calls.

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