WEEL Peerless Option Income Wheel ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

WEEL — —
Key stats
About

Peerless Option Income Wheel ETF (WEEL) ETF

No description available.

Exchange
ARCX
Inception
2024-05-15
Has Options
No
Fund profile
holdings as of Jun 30, 2026SEC filingthrough Jun 2026flows, SEC filings
Options Income Covered Call#117 of 273 by assets Peerless Actively managed
Sells options for income. Distributions can exceed what the strategy earns, in which case part of the payout is the fund's own capital. Compare the distribution rate with the price change in the ETF lab.
Expense ratio
0.99%
prospectus, filed Jul 25, 2025
Assets
$45M
shares × price, Oct 9, 2026
Trailing yield
12.76%
paid quarterly
Average daily volume
$538K
30 sessions
Holdings
35
top 10 are 57.3%
Listed
May 15, 2024
NYSE Arca
Last fee change
-8 bp
filed Jul 25, 2025
Closure risk, 12 months
3.4%
low: trading volume, size of the sponsor's line-up, age · model
FrenzyCap ETF score
25
how it is built
Cost36
Liquidity24
Scale20
Diversification11

Moves with. US large-cap stocks (36% of its variance, beta 0.47); Gold (4% of its variance, beta 0.04); Small caps over large (4% of its variance, beta 0.13). These factors explain 48% of its daily moves over the last year.

Stated objective. The Funds investment objective is to seek current income. (from the fund's prospectus)

All 35 holdingsFlow historyOverlap toolAll Covered Call ETFs

Fund flows
through Jun 2026SEC filings
Jun 2026
+$2.5M
latest reported month
Latest 3 months
+$6.6M
+16.9% of assets
Latest 12 months
+$26M
+67.9% of assets
Jul 2025: +$972KAug 2025: +$502K+$502KAugSep 2025: +$4.1M+$4.1MOct 2025: +$2.5MOctNov 2025: +$1.5MDec 2025: +$3.6MDecJan 2026: +$3.0MFeb 2026: +$2.5MFebMar 2026: +$957KApr 2026: +$508KAprMay 2026: +$3.6MJun 2026: +$2.5MJun
View as a table
Net flows of WEEL by month, Jul 2025 to Jun 2026
MonthNet flow
Jun 2026+$2.5M
May 2026+$3.6M
Apr 2026+$508K
Mar 2026+$957K
Feb 2026+$2.5M
Jan 2026+$3.0M
Dec 2025+$3.6M
Nov 2025+$1.5M
Oct 2025+$2.5M
Sep 2025+$4.1M
Aug 2025+$502K
Jul 2025+$972K

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 26 months ago

Similar funds
FundOverlapFeeAssets1Y
JEPIJPMorgan Equity Premium Income ETF—0.35%$45.8B−0.3%compare
JEPQJ.P. Morgan Nasdaq Equity Premium Income ETF—0.35%$44.4B+5.9%compare
QQQINEOS Nasdaq 100 High Income ETF—0.68%$15.1B+2.4%compare
SPYINEOS S&P 500 High Income ETF—0.68%$12.5B+2.7%compare
QYLDGlobal X Funds Global X NASDAQ-100 Covered Call ETF—0.60%$8.5B+8.9%compare

The largest other funds in the Covered Call category.

What changed in the portfolio
Mar 31, 2026 → Jun 30, 2026
ActionHoldingWeight beforeWeight afterShares vs flows
ExitKREState Street SPDR S&P Regional10.13%——
ExitXLIState Street Industrial Select4.87%——
New positionXLUState Street Utilities Select—4.39%—
ExitIYRiShares U.S. Real Estate ETF3.27%——
ExitMAGSRoundhill Magnificent Seven ET2.57%——
ExitXLVState Street Health Care Selec2.33%——
ExitSMHVanEck Semiconductor ETF2.31%——
New positionXLEState Street Energy Select Sec—2.13%—
New positionOIHVanEck Oil Services ETF—1.73%—
New positionSLViShares Silver Trust—1.11%—

5 new, 6 exited, 2 increased and 1 decreased between the fund's two latest holdings reports; turnover 51.6%. Full holdings and history

Under the hood
fiscal year to Mar 31, 2026SEC census
Authorized participants
4 active
of 4 with agreements; top 3 did 98%
Created · redeemed
$23M · $2.0M
over the fiscal year
Redemptions in kind
0%
creations 0% in kind
Creation unit
25,000
shares
Securities lending
not authorized
Diversification status
Non-diversified
may concentrate in fewer issuers

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2027-03-31
Holdings
35
AUM
$34.7M
Provider
Nport
Inception
2024-05-15
Exchange
ARCX
Data As Of
2027-03-31
Expense Ratio
0.99%
Dividend Yield
12.76%
Distribution
Quarterly
Recent distributions
Ex-Date Pay Date Amount Type
2026-09-24 2026-09-25 $0.6000 CD
2026-06-25 2026-06-26 $0.6000 CD
2026-03-26 2026-03-27 $0.6000 CD
2025-12-30 2025-12-31 $0.7500 CD
2025-09-25 2025-09-26 $0.6000 CD
2025-06-26 2025-06-27 $0.6000 CD
Asset Allocation
Top Holdings
top 35 of 35 holdings
Symbol Name Weight % Asset Class Country
— First American Government Obli 29.30% Short-term investment US
— TREASURY BILL 18.10% Debt US
ARKK ARK Innovation ETF 8.14% Equity (common) US
QQQ Invesco QQQ Trust Series 1 5.90% Equity (common) US
KWEB KraneShares CSI China Internet 4.58% Equity (common) US
XLU State Street Utilities Select 4.39% Equity (common) US
EEM iShares MSCI Emerging Markets 4.07% Equity (common) US
GDX VanEck Gold Miners ETF/USA 4.00% Equity (common) US
IGV iShares Expanded Tech-Software 3.75% Equity (common) US
ITB iShares U.S. Home Construction 2.29% Equity (common) US
XLE State Street Energy Select Sec 2.13% Equity (common) US
OIH VanEck Oil Services ETF 1.73% Equity (common) US
SLV iShares Silver Trust 1.11% Equity (common) US
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN 0.46% Equity (common) GB
— N/A -0.00% Derivative (equity) US
— N/A -0.00% Derivative (equity) US
— N/A -0.00% Derivative (equity) US
— N/A -0.00% Derivative (equity) US
— N/A -0.00% Derivative (equity) US
— N/A -0.00% Derivative (equity) US
— N/A -0.00% Derivative (equity) US
— N/A -0.00% Derivative (equity) US
— N/A -0.00% Derivative (equity) US
— N/A -0.00% Derivative (equity) US
— N/A -0.00% Derivative (equity) US
— N/A -0.00% Derivative (equity) US
— N/A -0.01% Derivative (equity) US
— N/A -0.01% Derivative (equity) US
— N/A -0.01% Derivative (equity) US
— N/A -0.01% Derivative (equity) US
— N/A -0.01% Derivative (equity) US
— N/A -0.01% Derivative (equity) US
— N/A -0.04% Derivative (equity) US
— N/A -0.05% Derivative (equity) US
— N/A -0.09% Derivative (equity) US
Non-Equity Breakdown
Peerless Option Income Wheel ETF · NPORT-P period 2026-06-30 (filed 2026-08-28)
Net assets: $39M · 35 total positions · equity 42.54% · non-equity 47.14%
Non-equity holdings — 23 positions, 47.14% of NAV
Category Weight Value Positions
Short-term investment 29.30% $11.3M 1
US Treasury 18.10% $7.0M 1
Derivative (equity) -0.26% $-99354 21
Chart
Seasonality
'24'25'26Avg
Jan--4.24%0.38%2.31%
Feb---1.88%1.12%-0.38%
Mar---4.79%-4.57%-4.68%
Apr---1.17%3.64%1.24%
May0.18%4.25%1.27%1.90%
Jun1.10%1.01%-3.22%-0.37%
Jul1.28%1.30%1.70%1.43%
Aug1.17%4.15%2.12%2.48%
Sep-0.17%-1.90%-3.65%-1.91%
Oct0.73%1.55%0.45%*0.91%
Nov1.45%1.50%--1.48%
Dec-7.12%-2.69%---4.91%
Total-1.67%5.21%-1.10%0.81%
* Only 3 year(s) of data available.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $20.21
SMA 50: $20.44
SMA 200: $20.24
Current: $19.99
EMA 12: $20.03
EMA 26: $20.20
MACD: -0.1732 | Signal: -0.0213
BEARISH
ADX (14): 28.02
TREND
+DI: 35.54
−DI: 24.79

Momentum Oscillators

RSI (14): 40.58
NEUTRAL
Stoch %K: 15.13
Stoch %D: 15.29
Williams %R: -77.42

Volume & Volatility

BB Upper: $20.90
BB Lower: $19.53
NEUTRAL
OBV: -129,249
Vol SMA 20: 28,988
Vol ROC: -77.86%
ATR: $0.21
True Range: $0.12
HV 20: 11.4%
HV 30: 10.7%
HV 60: 10.3%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-11T00:00:00 – 2026-10-09T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

News
All WEEL news →

WEEL Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.5544
Alpha: -8.30%
Correlation: 0.6528
R-Squared: 42.6%
Stock Volatility: 11.1%
Market Volatility: 13.0%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

WEEL Institutional Ownership (13F)

Latest filings — 2026-06-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

7 filers246,599 shares$4.90M value
# Filer Shares Value % of Total % of Float Period
1 Garden State Investment Advisory Services LLC 84,725 $1.68M 34.36% — 2026-06-30
2 Morgan Stanley Custodian 40,152 $797.42K 16.28% — 2026-06-30
3 Crew Capital Management, Ltd 35,602 $707.06K 14.44% — 2026-06-30
4 SILVER OAK SECURITIES, INCORPORATED 27,084 $537.89K 10.98% — 2026-06-30
5 OLD MISSION CAPITAL LLC 24,879 $494.10K 10.09% — 2026-06-30
6 Citadel Advisors LLC Custodian 22,444 $445.74K 9.10% — 2026-06-30
7 Advisory Services Network, LLC Custodian 11,713 $232.62K 4.75% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
WEEL Constituent Performance

Click any bar to view the full quote for that stock.

WEEL Constituents (12 of 12)
Symbol Name Weight % Price 1 Day 1 Week 1 Month
ARKK ARK Innovation ETF 8.14% $89.62 +2.31%-0.23%+7.23%
QQQ Invesco QQQ Trust Series 1 5.90% $751.27 +0.49%+0.23%+5.09%
KWEB KraneShares CSI China Internet 4.58% $24.93 +3.79%+4.48%+1.34%
XLU State Street Utilities Select 4.39% $41.41 +0.83%+3.97%-2.31%
EEM iShares MSCI Emerging Markets 4.06% $66.8 +1.06%-1.29%-1.53%
GDX VanEck Gold Miners ETF/USA 4.00% $89.28 +2.95%+1.71%-8.05%
IGV iShares Expanded Tech-Software 3.75% $112.67 +2.81%+3.91%+10.98%
ITB iShares U.S. Home Construction 2.29% $84.76 -1.29%-2.17%-5.34%
XLE State Street Energy Select Sec 2.13% $65.08 -0.25%+3.60%-0.09%
OIH VanEck Oil Services ETF 1.73% $388.65 +0.56%+1.55%-7.61%
SLV iShares Silver Trust 1.11% $54.78 +2.49%+0.07%-5.75%
VXX iPath Series B S&P 500 VIX Short-Term Futures ETN 0.46% $16.99 -1.45%-2.36%-5.98%