# Peerless Option Income Wheel ETF (WEEL) — Overview

WEEL · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/weel

## Price

Last close $19.82 on Oct 15, 2026. 52-week range $18.98 – $20.94.

## Fund profile

WEEL seeks current income by investing in sector-specific ETFs while utilizing an "option wheel strategy" that combines cash-secured put writing with covered call writing. The actively managed fund aims to generate equity-like returns over the long term through income generation, with less overall volatility.

| Metric | Value |
| --- | --- |
| Issuer | Tidal Investments LLC |
| Industry | — |
| Inception | May 16, 2024 |
| Assets under management | $48.2M |
| Expense ratio | 0.99% |
| Net asset value | $19.80 (as of Oct 15, 2026) |
| Distributions | Quarterly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Peerless Option Income Wheel ETF (WEEL)?

WEEL seeks current income by investing in sector-specific ETFs while utilizing an "option wheel strategy" that combines cash-secured put writing with covered call writing. The actively managed fund aims to generate equity-like returns over the long term through income generation, with less overall volatility.

### What is WEEL's expense ratio?

Peerless Option Income Wheel ETF charges an annual expense ratio of 0.99%. The fund is issued by Tidal Investments LLC.

### How large is WEEL?

Peerless Option Income Wheel ETF manages $48.2M in assets and has traded since May 16, 2024.

### How do I buy shares of Peerless Option Income Wheel ETF (WEEL)?

WEEL trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).