ProShares Russell US Dividend Growers ETF (TMDV) Wheel Strategy

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

The index, constructed and maintained by FTSE International Limited, targets companies that are currently members of the Russell 3000 Index, have increased dividend payments each year for at least 35 years, and meet certain liquidity requirements. Under normal circumstances, the fund will invest at least 80% of its total assets in component securities.

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