Running a YMAG wheel strategy lets you generate consistent premium income on YieldMax Magnificent 7 Fund of Option Income ETFs while setting your own entry and exit prices on the underlying. YieldMax Magnificent 7 Fund of Option Income ETFs's wheel combines cash-secured puts and covered calls into a repeatable cycle: sell puts at strikes where you'd be happy to own YMAG, and if assigned, sell calls at strikes where you'd be happy to sell. Use our scanner to find the best YMAG 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 YMAG, 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 YMAG wheel from a losing one.
The YieldMax Magnificent 7 fund of Option Income ETFs (YMAG) is an actively managed exchange-trade fund that seeks to generate current income. As a “fund of funds,” YMAG primarily invests in YieldMax option income ETFs that provide exposure to the so-called “Magnificent 7” companies. Each underlying YieldMax ETF seeks to generate income while offering exposure to the share price of its respective company.
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 YMAG wheel strategy by delta, premium yield, IV rank, and days to expiration, so you can deploy capital where the math works. Build your YMAG wheel strategy on data, not gut feel — and let the options wheel do what it does best: pay you to wait.
