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New ETF WEEL uses the 'wheel' options strategy to generate steady income with 11.86% yield.

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26 Aug 2026
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Bullish
New ETF WEEL uses the 'wheel' options strategy to generate steady income with 11.86% yield.

The Peerless Options Wheel Income ETF (WEEL) is the first ETF to implement the 'wheel' strategy, which involves selling cash-secured puts and covered calls on sector ETFs to generate consistent option premiums. This approach suits volatile, range-bound markets and aims for income rather than capital gains, currently offering an 11.86% distribution rate. WEEL actively manages a diverse portfolio including Treasury bills and sector ETFs like gold miners and biotech, providing a hands-off way for investors to access this complex options strategy despite its 0.99% net expense ratio. This ETF simplifies the demanding process of managing multiple options trades for individual investors.

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