Running a WEED wheel strategy lets you generate consistent premium income on Roundhill Cannabis ETF while setting your own entry and exit prices on the underlying. Roundhill Cannabis 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 WEED, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best WEED 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 WEED, 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 WEED wheel from a losing one.
Roundhill believes that continued legalization by both U.S. states and foreign governments globally result in an attractive growth profile for the cannabis sector. The Roundhill Cannabis ETF ("WEED") offers concentrated exposure to the largest U.S. cannabis companies.
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 WEED wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your WEED wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
