01 — IWM · WHEEL STRATEGY

Best IWM wheel strategy setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

Small-cap beta exposure with macro-sensitive implied volatility behavior.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD

iShares Russell 2000 ETF

Index ETF

IWM

$279.33+0.5% / 30d

IV rank (1y)

36.8% · moderate

Option vol

183K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration

Probability of profit

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Cash-secured put · first leg of the wheel

$275 put · Dec 4

34 DAYS · 1.6% OTM · SELL TO OPEN

Credit

$600

Return

2.15%

PoP

63%

Strike	Expiration	Credit	Return ↓	PoP
$276 1.2% OTM	Dec 4 34 days	$581 $5.81 / share	2.08%	60%
$272 2.6% OTM	Dec 4 34 days	$505 $5.05 / share	1.81%	68%
$273 2.3% OTM	Dec 4 34 days	$496 $4.96 / share	1.78%	67%
$274 1.9% OTM	Nov 27 27 days	$491 $4.91 / share	1.76%	66%
$274 1.9% OTM	Dec 4 34 days	$493 $4.93 / share	1.76%	65%
$276 1.2% OTM	Nov 27 27 days	$459 $4.59 / share	1.64%	61%
$271 3.0% OTM	Dec 4 34 days	$439 $4.39 / share	1.57%	70%
$275 1.6% OTM	Nov 27 27 days	$423 $4.23 / share	1.51%	63%
$272.5 2.5% OTM	Dec 4 34 days	$414 $4.14 / share	1.48%	67%