Trip.com Group Ltd ADR (TCOM) Wheel Strategy

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

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.

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