Running a UPST wheel strategy lets you generate consistent premium income on Upstart Holdings Inc while setting your own entry and exit prices on the underlying. Upstart Holdings Inc's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own UPST, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best UPST 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 UPST, 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 UPST wheel from a losing one.
Upstart Holdings, Inc., together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of the company's AI-enabled bank partners. The company was founded in 2012 and is headquartered in San Mateo, California.
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 UPST wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your UPST wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
