Themes Generative Artificial Intelligence ETF (WISE) Wheel Strategy

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

The index is designed to provide exposure to companies that have business operations in AI related industries. The fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that comprise the index and in American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”) based on the securities in the index. 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 WISE wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your WISE wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.