The Wheel works best on stable, range-bound stocks with decent option liquidity. Some day traders use a modified Wheel approach, focusing on shorter-dated options and more frequent adjustments.

The St. Joe Company has mixed results and a low dividend yield. Find out why JOE stock can still be useful for conservative option strategies.

The Dividend Wheel strategy generates income with high-yield option ETFs, reinvest in growth stocks, and scales returns responsibly. Read more about it here.

YieldMax™ PYPL Option Income Strategy ETF (NYSEARCA:PYPY) declares $0.3297/share monthly dividend. Payable June 27; for shareholders of record June 26; ex-div June 26. See PYPY Dividend ...