Tortoise North American Pipeline ETF (TPYP) Wheel Strategy

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

The fund will normally invest at least 80% of its total assets in securities that comprise the underlying index (or depository receipts based on such securities). The underlying index is a proprietary rules-based, capitalization weighted, float adjusted index designed to track the overall performance of equity securities of North American Pipeline Companies. The fund is non-diversified.

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