Roundhill Bitcoin Covered Call Strategy ETF (YBTC) Wheel Strategy

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

The Roundhill Bitcoin Covered Call Strategy ETF (“YBTC”) is the first U.S. listed bitcoin covered call ETF.1 The Fund offers exposure to exchange-traded products (“ETPs”) that have direct exposure to bitcoin*, subject to a cap, while providing the potential for current income. YBTC is an actively-managed ETF.

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