Running a TSMY wheel strategy lets you generate consistent premium income on YieldMax TSM Option Income Strategy ETF while setting your own entry and exit prices on the underlying. YieldMax TSM Option Income Strategy 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 TSMY, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best TSMY 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 TSMY, 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 TSMY wheel from a losing one.
The YieldMax TSM Option Income Strategy ETF (TSMY) is an actively managed exchange-traded fund that seeks to generate weekly income by selling call options or call spreads on TSM. The strategy is designed to capture option premiums while providing participation in the share price appreciation of TSM.
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 TSMY wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your TSMY wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
