01 — XLE · WHEEL STRATEGY

Best XLE 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.

Energy-sector ETF heavy in supermajors, with options flow tied to crude prices and OPEC headlines.

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

Energy Select Sector SPDR

Sector ETF

XLE

$70.02+13.8% / 30d

IV rank (1y)

44.1% · moderate

Option vol

39K /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

$68.5 put · Dec 4

34 DAYS · 2.2% OTM · SELL TO OPEN

Credit

$174

Return

2.49%

PoP

62%

Strike	Expiration	Credit	Return ↓	PoP
$68.5 2.2% OTM	Nov 27 27 days	$152 $1.52 / share	2.17%	63%
$68 2.9% OTM	Dec 4 34 days	$148 $1.48 / share	2.11%	65%
$68 2.9% OTM	Nov 27 27 days	$140 $1.40 / share	2%	67%
$67.5 3.6% OTM	Dec 4 34 days	$129 $1.29 / share	1.84%	68%
$67 4.3% OTM	Dec 4 34 days	$126 $1.26 / share	1.8%	71%
$67.5 3.6% OTM	Nov 27 27 days	$116 $1.16 / share	1.66%	68%
$66.5 5.0% OTM	Dec 4 34 days	$111 $1.11 / share	1.59%	71%
$67 4.3% OTM	Nov 27 27 days	$83 $0.83 / share	1.19%	73%
$55 21.4% OTM	Dec 4 34 days	$13 $0.13 / share	0.19%	70%