01 — COIN · WHEEL STRATEGY

Best COIN 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.

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Coinbase
Financials / Crypto
COIN
$201.16+19.0% / 30d
IV rank (1y)
32.6% · moderate
Next earnings
Jul 30
Market cap
$53.0B
P/E (fwd)
43.0
Option vol
146K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on annualized return, premium, and probability of profit.

Days to expiration
Probability of profit
Sort by
Cash-secured put · first leg of the wheel
$195 put · Jun 12
34 DAYS · 3.1% OTM · SELL TO OPEN
Credit
$2013
Annualized
107.43%
PoP
60%
StrikeExpirationCreditAnnualized PoP
$195
3.1% OTM
Jun 5
27 days
$1245
$12.45 / share
83.67%60%
$190
5.5% OTM
Jun 5
27 days
$1039
$10.39 / share
69.82%65%
$190
5.5% OTM
Jun 12
34 days
$1228
$12.28 / share
65.53%65%
$185
8.0% OTM
Jun 5
27 days
$898
$8.98 / share
60.35%70%
$185
8.0% OTM
Jun 12
34 days
$983
$9.83 / share
52.46%69%
$180
10.5% OTM
Jun 12
34 days
$872
$8.72 / share
46.54%74%
$60
70.2% OTM
Jun 5
27 days
$10
$0.10 / share
0.67%70%
$50
75.1% OTM
Jun 5
27 days
$4
$0.04 / share
0.27%70%
$45
77.6% OTM
Jun 5
27 days
$3
$0.03 / share
0.2%70%
10 of 23 matchesCustomize filters →

03 — Strategy

Wheel Strategy, plainly explained

Traders who want to own quality stocks at lower cost basis while generating premium income on both sides.

P&L at expiration · $195 put · 34 DTE

$0+$2,013losses$174.87 BREAKEVEN$195 STRIKE

Key numbers

Premium collected+$2,013
Max profit+$2,013
Breakeven$174.87
Capped above$195
Probability of profit60%
Days to expiration34

When this trade makes sense

Use when

  • You're willing to start by selling cash-secured puts
  • You'd be happy owning the stock if assigned
  • You can hold long-term if assigned at a lower price
  • IV rank is elevated — both legs pay better premium

Avoid when

  • You can't tie up the cash for the put leg
  • You don't want this stock at any price
  • Earnings are inside the expiration window
  • Premiums are unusually low — nothing to collect
Read the full wheel strategy guide →

05 — RUN IT LIVE

See the highest chance of profit on COIN.

Option Agent scans live chains and recommends setups based on current market conditions.

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Option Agent is not a registered investment advisor, broker-dealer, or financial planner. All analysis, recommendations, and data are for informational and educational purposes only and do not constitute personalized investment advice. Options trading involves substantial risk of loss and is not suitable for all investors. Past probability calculations do not guarantee future results. Consult a qualified financial advisor before making investment decisions.