REX WMT Growth & Income ETF (WMTI) Wheel Strategy

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

Under typical market circumstances, this exchange-traded fund (ETF) allocates a minimum of 80% of its total capital (inclusive of borrowed funds) to investments directly in WMT stock, instruments providing exposure to WMT, or securities designed to yield income from WMT-related positions. Its principal strategy for achieving this notional WMT exposure involves utilizing various options contracts on WMT, encompassing both conventional exchange-traded options and customizable Flexible EXchange® (FLEX) Options. Investors should be aware that this fund is classified as 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 WMTI wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your WMTI wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.