01 — SPY · WHEEL STRATEGY

Best SPY 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.

Deep liquidity and broad macro sensitivity, useful for probability-based structures.

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

SPDR S&P 500 ETF Trust

Index ETF

SPY

$755.72-0.9% / 30d

IV rank (1y)

33.7% · moderate

Option vol

1593K /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

$748 put · Dec 4

34 DAYS · 1.0% OTM · SELL TO OPEN

Credit

$1312

Return

1.74%

PoP

61%

Strike	Expiration	Credit	Return ↓	PoP
$747 1.1% OTM	Dec 4 34 days	$1215 $12.15 / share	1.61%	62%
$747 1.1% OTM	Nov 27 27 days	$1170 $11.70 / share	1.55%	63%
$748 1.0% OTM	Nov 27 27 days	$1167 $11.67 / share	1.54%	62%
$744 1.6% OTM	Dec 4 34 days	$1165 $11.65 / share	1.54%	65%
$741 1.9% OTM	Dec 4 34 days	$1104 $11.04 / share	1.46%	67%
$749 0.9% OTM	Nov 30 30 days	$1096 $10.96 / share	1.45%	60%
$743 1.7% OTM	Dec 4 34 days	$1088 $10.88 / share	1.44%	66%
$747 1.1% OTM	Nov 30 30 days	$1066 $10.66 / share	1.41%	63%
$745 1.4% OTM	Dec 4 34 days	$1011 $10.11 / share	1.34%	64%