Running a TEN wheel strategy lets you generate consistent premium income on Tsakos Energy Navigation Limited while setting your own entry and exit prices on the underlying. Tsakos Energy Navigation Limited's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own TEN, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best TEN 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 TEN, 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 TEN wheel from a losing one.
Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. It also operates a fleet of double-hull vessels, comprising of conventional tankers, LNG carriers, and suezmax DP2 shuttle tankers. The company was formerly known as MIF Limited and changed its name to Tsakos Energy Navigation Limited in July 2001. The company was incorporated in 1993 and is based in Athens, Greece.
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 TEN wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your TEN wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
