Running a TMF wheel strategy lets you generate consistent premium income on Direxion Daily 20+ Year Treasury Bull 3X Shares while setting your own entry and exit prices on the underlying. Direxion Daily 20+ Year Treasury Bull 3X Shares's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own TMF, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best TMF 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 TMF, 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 TMF wheel from a losing one.
The Direxion Daily 20+ Year Treasury Bull & Bear 3X ETFs seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the ICE U.S. Treasury 20+ Year Bond Index. There is no guarantee the funds will achieve their stated investment objectives.
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 TMF wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your TMF wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
