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See exactly how WEEL's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for WEEL and 80,000+ other tickers.
This actively managed exchange-traded fund (ETF) is designed to generate consistent income. Its investment approach is twofold: firstly, the fund primarily allocates capital across various market sectors by investing in sector-specific ETFs, occasionally including individual securities; and secondly, it systematically employs an "option wheel strategy" to further its income goals. It's important to note that the fund maintains a non-diversified portfolio.
WEEL begins by writing out-of-the-money (OTM) cash-secured put options on a portfolio consisting primarily of sector ETFs, although it may also use other liquid ETFs with elevated implied volatility.
On Thursday, Peerless Wealth rolled out the Peerless Option Income Wheel ETF (WEEL). The fund is actively managed and seeks to provide investors with current income.