GraniteShares YieldBOOST Bitcoin ETF (XBTY) Wheel Strategy

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

The Fund’s primary investment objective is to achieve 2 times (200%) the income generated from selling options on bitcoin (the “Underlying Asset”) by selling options on leveraged exchange-traded funds designed to deliver 2 times (200%) the daily performance of the Underlying Stock (the “Underlying Leveraged ETF”). The Fund’s secondary investment objective is to gain exposure to the performance Underlying Leveraged ETF, subject to a cap on potential investment gains. A downside protection may be implemented which could affect the net income level.

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 XBTY wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your XBTY wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.