I came across a post about someone who has been wheeling the same REIT, O, for years and it got me thinking. He liked it because it pays monthly dividends and tends to recover pretty reliably if he gets assigned, so bag holding never feels too painful. The premium isn’t huge but it seems consistent, and the monthly contracts line up well with how he runs his wheel.
It made me wonder what everyone here would choose if you could only wheel one ticker for the long haul. I feel like the ideal candidate probably needs two things. It has to be something you wouldn’t mind owning for a while if assigned, and it also needs enough volatility to keep premiums worth selling.
So if you had to commit to a single ticker for your wheel, what would it be and why?