Oil States International Inc (OIS)
Oil States International Inc (OIS) is a energy sector stock with both weekly and monthly options available and has a Wheel Strategy Score of 12.0/100.
Quick Summary
OIS offers both weekly and monthly options, with a Wheel Strategy Score of 12.0/100, indicating mixed suitability for the Wheel strategy.
Company Profile
Oil States International Inc operates in the ENERGY sector, which typically includes energy sector companies. The company's business activities focus on serving customers and markets within this industry segment.
View other ENERGY stocks in the screener.
Wheel Strategy Suitability
The Wheel Score of 12.0 suggests mixed suitability for traditional Wheel strategies. Factors that limit suitability include: no dividends. However, weekly options available and monthly options available may still make it viable for specific trader preferences. This profile may appeal to traders who prefer slower cycles or have different risk preferences.
Factors Influencing Wheel Suitability:
- ✅ Weekly options available, providing flexibility for frequent premium collection
- ✅ Monthly options available, allowing covered calls and cash-secured puts
- ❌ No dividends, limiting income stacking potential
Who Might Consider OIS for the Wheel?
- Active Wheel traders seeking frequent premium collection opportunities
- Traders who want flexibility to adjust positions weekly
- Traders focused solely on premium income rather than dividend stacking
- Traders comfortable with stocks that have limited options availability
Strategy Insights
Having both weekly and monthly options provides maximum flexibility for Wheel traders. You can choose between frequent premium collection with weekly options or longer-term positions with monthly options, depending on market conditions and your strategy preferences.
The absence of dividends means all income must come from options premiums. This may influence trader preference, as some Wheel practitioners prefer dividend-paying stocks to combine premium income with dividend payments for enhanced total return.
Even with a lower Wheel Score, OIS may still work for certain Wheel approaches depending on individual trader preferences, account size, and risk tolerance. Traders comfortable with stocks that have limited options availability or no dividends may find value in this profile.
External Resources
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Frequently Asked Questions
Does OIS have weekly options?
Yes, OIS has weekly options available, which allows for frequent premium collection in the Wheel strategy.
Does OIS have monthly options?
Yes, OIS has monthly options available, which are essential for covered calls in the Wheel strategy.
Does OIS pay a dividend?
No, OIS does not currently pay dividends.
Is OIS good for the Wheel Strategy?
OIS has a Wheel Score of 12.0, which suggests mixed suitability. It may still work for specific trader preferences, such as those who prefer slower cycles or have different risk tolerances.
Is OIS suitable for beginners using the Wheel?
OIS has weekly options, which may require more active management. Beginners might prefer stocks with monthly options for a slower-paced learning curve.
What type of trader typically uses stocks with both weekly and monthly options?
Traders who want maximum flexibility and can choose between frequent premium collection (weekly) or longer-term positions (monthly) based on market conditions typically use stocks with both options types.
How does having weekly options affect Wheel strategy timing?
Having weekly options provides frequent premium collection opportunities and allows for quick position adjustments. This appeals to active traders but requires more time and attention to manage positions.
Does OIS fit an income-focused portfolio?
OIS can generate income through options premiums, but the absence of dividends means all income comes from options trading.
What sector is OIS in?
OIS is in the ENERGY sector. You can view other ENERGY stocks in our screener.
What is the Wheel Score for OIS?
The Wheel Score for OIS is 12.0/100. The Wheel Score of 12.0 suggests mixed suitability for traditional Wheel strategies. Factors that limit suitability include: no dividends. However, weekly options available and monthly options available may still make it viable for specific trader preferences. This profile may appeal to traders who prefer slower cycles or have different risk preferences.