SQQQ — Cash-Secured Put & Wheel Strategy Analysis

Q: Is SQQQ a good wheel strategy stock right now?

SQQQ is trading at $44.79 with an ATR of $2.23. SQQQ is mixed signals vs moving averages (1/4 above).

Q: Should I close my SQQQ CSP before earnings?

Most wheel strategy traders close or roll CSPs 1–2 days before earnings because implied volatility typically collapses after the announcement (IV crush). The premium you collected is largely an upfront payment for accepting that volatility risk. Holding through earnings exposes you to gap risk: even if your strike isn't breached, the IV drop alone can wipe out most of the premium you collected.

SQQQ wheel strategy & cash-secured put scanner. SQQQ is currently trading at $44.79 and mixed signals vs moving averages (1/4 above). This page shows the live SQQQ options chain across 3 expirations (2026-07-24 through 2026-08-07, DTE 1–15 days), optimized for cash-secured put and wheel strategy candidates.

Highlight criteria: Yield% ≥ 50% | Buffer% ≥ 15% | ATR/Dist ≥ 2.5

2026-07-24

DTE 1 | Trading days: 1

Strike	Mid	Bid	ATR/Dist	Buffer%	Yield%	Premium
25.00	19.77	19.15	8.87	44.2%	28864.2%	19.77
28.00	16.77	16.15	7.52	37.5%	21860.9%	16.77
29.00	15.82	15.25	7.07	35.3%	19911.4%	15.82
30.00	14.85	14.30	6.63	33.0%	18067.5%	14.85
31.00	13.78	13.15	6.18	30.8%	16224.8%	13.78
32.00	12.82	12.25	5.73	28.6%	14622.8%	12.82
32.50	12.35	11.80	5.51	27.4%	13870.0%	12.35
33.00	11.85	11.30	5.28	26.3%	13106.8%	11.85
33.50	11.28	10.65	5.06	25.2%	12290.1%	11.28
34.00	10.85	10.30	4.83	24.1%	11647.8%	10.85
34.50	10.28	9.65	4.61	23.0%	10875.9%	10.28
35.00	9.82	9.60	4.39	21.9%	10240.9%	9.82
35.50	9.20	8.80	4.16	20.7%	9459.2%	9.20
36.00	8.85	8.45	3.94	19.6%	8972.9%	8.85
36.50	8.28	7.65	3.71	18.5%	8280.0%	8.28
37.00	8.00	7.60	3.49	17.4%	7891.9%	8.00
37.50	7.28	6.65	3.27	16.3%	7085.9%	7.28
38.00	6.90	6.40	3.04	15.2%	6627.6%	6.90
38.50	6.30	6.05	2.82	14.0%	5972.7%	6.30
39.00	5.90	5.40	2.59	12.9%	5521.8%	5.90
39.50	5.43	4.95	2.37	11.8%	5017.6%	5.43
40.00	4.75	4.40	2.15	10.7%	4334.4%	4.75
40.50	4.45	4.00	1.92	9.6%	4010.5%	4.45
41.00	3.97	3.65	1.7	8.5%	3534.3%	3.97
41.50	3.28	3.00	1.47	7.3%	2884.8%	3.28
42.00	2.97	2.64	1.25	6.2%	2581.1%	2.97
42.50	2.51	2.15	1.03	5.1%	2155.6%	2.51
43.00	1.88	1.67	0.8	4.0%	1595.8%	1.88
43.50	1.34	1.03	0.58	2.9%	1124.4%	1.34
44.00	0.86	0.63	0.35	1.8%	713.4%	0.86
44.50	0.21	0.10	0.13	0.6%	172.2%	0.21
45.00	0.02	0.01	-0.09	-0.5%	16.2%	0.02
44.50	0.02	0.01	0.13	0.6%	16.4%	0.02
45.00	0.25	0.19	-0.09	-0.5%	202.8%	0.25
45.50	0.56	0.31	-0.32	-1.6%	449.2%	0.56
46.00	1.17	0.85	-0.54	-2.7%	928.4%	1.17
46.50	1.73	0.99	-0.77	-3.8%	1358.0%	1.73
47.00	2.18	1.60	-0.99	-4.9%	1693.0%	2.18
47.50	2.74	2.07	-1.21	-6.1%	2105.5%	2.74
48.00	3.22	2.69	-1.44	-7.2%	2448.5%	3.22
48.50	3.65	3.05	-1.66	-8.3%	2746.9%	3.65
49.00	4.18	3.60	-1.89	-9.4%	3113.7%	4.18
49.50	4.68	4.10	-2.11	-10.5%	3450.9%	4.68
50.00	5.18	4.60	-2.33	-11.6%	3781.4%	5.18
51.00	6.22	5.60	-2.78	-13.9%	4451.6%	6.22
52.00	7.22	6.60	-3.23	-16.1%	5067.9%	7.22
53.00	8.22	7.60	-3.68	-18.3%	5660.9%	8.22
54.00	9.18	8.60	-4.13	-20.6%	6205.0%	9.18
55.00	10.22	9.60	-4.57	-22.8%	6782.4%	10.22
56.00	11.22	10.60	-5.02	-25.0%	7313.0%	11.22
57.00	12.22	11.60	-5.47	-27.3%	7825.1%	12.22
58.00	13.18	12.60	-5.92	-29.5%	8294.3%	13.18
59.00	14.22	13.60	-6.37	-31.7%	8797.1%	14.22
60.00	15.15	14.60	-6.81	-34.0%	9216.2%	15.15

2026-07-31

DTE 8 | Trading days: 6

Strike	Mid	Bid	ATR/Dist	Buffer%	Yield%	Premium
25.00	19.77	19.10	8.87	44.2%	3608.0%	19.77
28.00	16.77	16.10	7.52	37.5%	2732.6%	16.77
30.00	14.90	14.35	6.63	33.0%	2266.0%	14.90
32.00	12.78	11.90	5.73	28.6%	1822.1%	12.78
33.00	11.92	11.15	5.28	26.3%	1648.0%	11.92
34.00	10.92	9.95	4.83	24.1%	1465.4%	10.92
34.50	10.30	9.20	4.61	23.0%	1362.1%	10.30
35.00	9.60	9.05	4.39	21.9%	1251.4%	9.60
35.50	9.27	8.20	4.16	20.7%	1191.4%	9.27
36.00	9.15	8.60	3.94	19.6%	1159.6%	9.15
36.50	8.40	6.70	3.71	18.5%	1050.0%	8.40
37.00	7.98	7.65	3.49	17.4%	984.0%	7.98
37.50	7.62	6.10	3.27	16.3%	927.1%	7.62
38.00	7.02	6.70	3.04	15.2%	842.9%	7.02
38.50	6.32	6.00	2.82	14.0%	749.0%	6.32
39.00	6.10	5.80	2.59	12.9%	713.6%	6.10
39.50	5.82	5.05	2.37	11.8%	672.2%	5.82
40.00	5.10	4.95	2.15	10.7%	581.7%	5.10
40.50	4.72	4.50	1.92	9.6%	531.7%	4.72
41.00	4.32	4.20	1.7	8.5%	480.7%	4.32
41.50	3.95	3.80	1.47	7.3%	434.3%	3.95
42.00	3.62	3.50	1.25	6.2%	393.2%	3.62
42.50	3.32	3.05	1.03	5.1%	356.4%	3.32
43.00	3.03	2.91	0.8	4.0%	321.5%	3.03
43.50	2.80	2.65	0.58	2.9%	293.7%	2.80
44.00	2.54	2.42	0.35	1.8%	263.4%	2.54
44.50	2.27	2.14	0.13	0.6%	232.7%	2.27
45.00	2.04	2.00	-0.09	-0.5%	206.8%	2.04
45.50	1.86	1.65	-0.32	-1.6%	186.5%	1.86
46.00	1.69	1.64	-0.54	-2.7%	167.6%	1.69
46.50	1.54	1.48	-0.77	-3.8%	151.1%	1.54
47.00	1.38	1.35	-0.99	-4.9%	134.0%	1.38
47.50	1.25	1.18	-1.21	-6.1%	120.1%	1.25
48.00	1.12	1.07	-1.44	-7.2%	106.5%	1.12
48.50	1.04	0.97	-1.66	-8.3%	97.8%	1.04
49.00	0.93	0.87	-1.89	-9.4%	86.6%	0.93
49.50	0.92	0.80	-2.11	-10.5%	84.8%	0.92
50.00	0.75	0.70	-2.33	-11.6%	68.4%	0.75
51.00	0.62	0.58	-2.78	-13.9%	55.5%	0.62
52.00	0.53	0.44	-3.23	-16.1%	46.5%	0.53
53.00	0.42	0.36	-3.68	-18.3%	36.2%	0.42
54.00	0.32	0.25	-4.13	-20.6%	27.0%	0.32
55.00	0.26	0.22	-4.57	-22.8%	21.6%	0.26
56.00	0.27	0.21	-5.02	-25.0%	22.0%	0.27
60.00	0.10	0.09	-6.81	-34.0%	7.6%	0.10
32.00	0.03	0.01	5.73	28.6%	4.3%	0.03
34.50	0.11	0.01	4.61	23.0%	14.5%	0.11
35.00	0.06	0.01	4.39	21.9%	7.8%	0.06
36.00	0.03	0.01	3.94	19.6%	3.8%	0.03
36.50	0.06	0.01	3.71	18.5%	7.5%	0.06
37.00	0.06	0.01	3.49	17.4%	7.4%	0.06
37.50	0.06	0.01	3.27	16.3%	7.3%	0.06
38.00	0.05	0.04	3.04	15.2%	6.0%	0.05
38.50	0.08	0.03	2.82	14.0%	9.5%	0.08
39.00	0.13	0.12	2.59	12.9%	15.2%	0.13
39.50	0.18	0.16	2.37	11.8%	20.8%	0.18
40.00	0.26	0.23	2.15	10.7%	29.7%	0.26
40.50	0.40	0.35	1.92	9.6%	45.1%	0.40
41.00	0.47	0.42	1.7	8.5%	52.3%	0.47
41.50	0.50	0.34	1.47	7.3%	55.0%	0.50
42.00	0.80	0.78	1.25	6.2%	86.9%	0.80
42.50	0.97	0.92	1.03	5.1%	104.1%	0.97
43.00	1.26	1.13	0.8	4.0%	133.7%	1.26
43.50	1.46	1.29	0.58	2.9%	153.1%	1.46
44.00	1.66	1.57	0.35	1.8%	172.1%	1.66
44.50	1.98	1.93	0.13	0.6%	203.0%	1.98
45.00	2.26	2.20	-0.09	-0.5%	229.1%	2.26
45.50	2.61	2.41	-0.32	-1.6%	261.7%	2.61
46.00	2.86	2.68	-0.54	-2.7%	283.7%	2.86
46.50	3.28	3.05	-0.77	-3.8%	321.8%	3.28
47.00	3.55	3.40	-0.99	-4.9%	344.6%	3.55
47.50	3.90	3.60	-1.21	-6.1%	374.6%	3.90
48.00	4.32	4.20	-1.44	-7.2%	410.6%	4.32
48.50	4.78	4.50	-1.66	-8.3%	449.7%	4.78
49.00	5.10	4.90	-1.89	-9.4%	474.9%	5.10
49.50	5.70	5.30	-2.11	-10.5%	525.4%	5.70
50.00	5.68	5.25	-2.33	-11.6%	518.3%	5.68
51.00	7.28	6.55	-2.78	-13.9%	651.3%	7.28
52.00	8.12	7.40	-3.23	-16.1%	712.5%	8.12
54.00	11.02	9.75	-4.13	-20.6%	931.1%	11.02
55.00	10.45	8.70	-4.57	-22.8%	866.9%	10.45
56.00	11.45	9.60	-5.02	-25.0%	932.9%	11.45
60.00	15.35	13.50	-6.81	-34.0%	1167.2%	15.35

2026-08-07

DTE 15 | Trading days: 11

Strike	Mid	Bid	ATR/Dist	Buffer%	Yield%	Premium
25.00	19.77	19.05	8.87	44.2%	1924.3%	19.77
30.00	14.80	13.70	6.63	33.0%	1200.4%	14.80
31.00	13.78	12.55	6.18	30.8%	1081.7%	13.78
32.00	12.80	11.65	5.73	28.6%	973.3%	12.80
33.00	11.92	10.90	5.28	26.3%	878.9%	11.92
35.00	9.90	8.55	4.39	21.9%	688.3%	9.90
35.50	9.40	7.45	4.16	20.7%	644.3%	9.40
36.00	8.75	7.10	3.94	19.6%	591.4%	8.75
36.50	8.57	6.75	3.71	18.5%	571.3%	8.57
37.00	7.43	6.05	3.49	17.4%	488.6%	7.43
37.50	6.80	5.60	3.27	16.3%	441.2%	6.80
38.00	7.32	6.05	3.04	15.2%	468.7%	7.32
38.50	6.62	6.30	2.82	14.0%	418.4%	6.62
39.00	6.30	5.70	2.59	12.9%	393.1%	6.30
39.50	6.35	5.65	2.37	11.8%	391.2%	6.35
40.00	5.55	5.30	2.15	10.7%	337.6%	5.55
40.50	4.92	4.10	1.92	9.6%	295.6%	4.92
41.00	4.95	4.55	1.7	8.5%	293.8%	4.95
41.50	4.20	3.50	1.47	7.3%	246.3%	4.20
42.00	4.30	4.10	1.25	6.2%	249.1%	4.30
42.50	3.97	3.65	1.03	5.1%	227.3%	3.97
43.00	3.75	3.55	0.8	4.0%	212.2%	3.75
43.50	3.47	3.05	0.58	2.9%	194.1%	3.47
44.00	3.22	3.10	0.35	1.8%	178.1%	3.22
44.50	3.01	2.88	0.13	0.6%	164.6%	3.01
45.00	2.74	2.64	-0.09	-0.5%	148.2%	2.74
45.50	2.55	2.40	-0.32	-1.6%	136.4%	2.55
46.00	2.39	2.28	-0.54	-2.7%	126.4%	2.39
46.50	2.26	2.08	-0.77	-3.8%	118.3%	2.26
47.00	2.20	2.00	-0.99	-4.9%	113.9%	2.20
47.50	2.03	1.90	-1.21	-6.1%	104.0%	2.03
48.00	1.82	1.63	-1.44	-7.2%	92.3%	1.82
48.50	1.69	1.50	-1.66	-8.3%	84.8%	1.69
49.00	1.65	1.57	-1.89	-9.4%	81.9%	1.65
50.00	1.33	1.18	-2.33	-11.6%	64.7%	1.33
51.00	1.23	1.08	-2.78	-13.9%	58.7%	1.23
52.00	1.08	0.98	-3.23	-16.1%	50.5%	1.08
53.00	0.97	0.59	-3.68	-18.3%	44.5%	0.97
54.00	0.84	0.70	-4.13	-20.6%	37.9%	0.84
55.00	0.68	0.52	-4.57	-22.8%	30.1%	0.68
60.00	0.42	0.38	-6.81	-34.0%	17.0%	0.42
30.00	0.12	0.01	6.63	33.0%	9.7%	0.12
34.50	0.06	0.01	4.61	23.0%	4.2%	0.06
35.00	0.04	0.01	4.39	21.9%	2.8%	0.04
35.50	0.08	0.01	4.16	20.7%	5.5%	0.08
36.00	0.09	0.05	3.94	19.6%	6.1%	0.09
36.50	0.10	0.07	3.71	18.5%	6.7%	0.10
37.00	0.08	0.01	3.49	17.4%	5.3%	0.08
37.50	0.15	0.04	3.27	16.3%	9.7%	0.15
38.00	0.26	0.22	3.04	15.2%	16.6%	0.26
38.50	0.36	0.29	2.82	14.0%	22.8%	0.36
39.00	0.46	0.42	2.59	12.9%	28.7%	0.46
39.50	0.51	0.44	2.37	11.8%	31.4%	0.51
40.00	0.61	0.49	2.15	10.7%	37.1%	0.61
40.50	0.87	0.50	1.92	9.6%	52.3%	0.87
41.00	0.86	0.66	1.7	8.5%	51.0%	0.86
41.50	1.22	0.88	1.47	7.3%	71.5%	1.22
42.00	1.43	1.30	1.25	6.2%	82.8%	1.43
42.50	1.59	1.49	1.03	5.1%	91.0%	1.59
43.00	1.93	1.79	0.8	4.0%	109.2%	1.93
43.50	2.12	1.70	0.58	2.9%	118.6%	2.12
44.00	2.28	2.07	0.35	1.8%	126.1%	2.28
44.50	2.70	2.55	0.13	0.6%	147.6%	2.70
45.00	2.90	2.74	-0.09	-0.5%	156.8%	2.90
46.00	3.68	3.45	-0.54	-2.7%	194.7%	3.68
47.00	4.35	4.10	-0.99	-4.9%	225.2%	4.35
48.00	5.05	4.80	-1.44	-7.2%	256.0%	5.05
49.00	5.82	5.55	-1.89	-9.4%	289.0%	5.82
50.00	6.55	6.35	-2.33	-11.6%	318.8%	6.55
52.00	8.65	7.95	-3.23	-16.1%	404.8%	8.65
54.00	10.48	9.70	-4.13	-20.6%	472.2%	10.48
55.00	10.90	10.65	-4.57	-22.8%	482.2%	10.90
60.00	15.55	13.60	-6.81	-34.0%	630.6%	15.55

SQQQ — Cash-Secured Put & Wheel Strategy FAQ

What is the best SQQQ cash-secured put strike today?

OptionSpeed's scanner highlights SQQQ strikes that meet our three filters: annualized yield ≥ 50%, downside buffer ≥ 15%, and ATR/Distance ratio ≥ 2.5. Stars on this page mark strikes currently in our Super Stocks cache. As of this snapshot, the highest-yielding CSP candidate on SQQQ is the $45.50 strike at 449.2% annualized.

Is SQQQ a good wheel strategy stock right now?

SQQQ is trading at $44.79 with an ATR of $2.23. SQQQ is mixed signals vs moving averages (1/4 above).

How much capital do I need to sell a SQQQ cash-secured put?

Cash-secured puts require you to hold enough cash to buy 100 shares at the strike price if assigned. For a $45.50 strike on SQQQ, you need $4,550 in cash per contract. Strikes closer to the current $44.79 price require more capital but offer higher premiums and lower assignment probability.

What does the wheel strategy look like on SQQQ?

The wheel on SQQQ follows three steps: (1) sell a CSP at a strike you'd be comfortable owning SQQQ at; (2) if assigned, you own 100 shares at the strike price; (3) sell covered calls against those shares to collect premium while waiting for the call to expire worthless or the stock to be called away. OptionSpeed tracks every step so you can see your rolling premium and realized P&L.

Should I close my SQQQ CSP before earnings?

Most wheel traders close or roll CSPs 1–2 days before earnings because implied volatility typically collapses after the announcement (IV crush). The premium you collected is largely an upfront payment for accepting that volatility risk. Holding through earnings exposes you to gap risk — even if your strike isn't breached, the IV drop alone can wipe out most of your collected premium.

What's a good buffer percentage for SQQQ puts?

Buffer percentage measures how far the strike is below the current stock price. For SQQQ at $44.79, a strike at $41.50 gives the largest downside buffer in our current chain. OptionSpeed flags strikes with ≥15% buffer as wheel-quality candidates. Lower buffer = higher premium but higher assignment probability.