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Virtu Financial (VIRT) — wheel strategy suitability
Where VIRT sits as an underlying for selling cash-secured puts and covered calls, and what its own price history says about the risk of being assigned into a falling stock. Snapshot of 3 October 2026.
Virtu Financial (VIRT) scores 58 on the Wheel score, which puts it in the acceptable band — it passes the profitability and options filters but is not among the strongest candidates.
The score is carried by its margin stability (75/100) and held back by quality (46/100). Steady margins are exactly what you want under a short put: the earnings behind the stock do not swing much from quarter to quarter. The quality leg is the weak one, so read the balance sheet before you accept assignment rather than after.
It has monthly options only, which costs it a small liquidity haircut. Workable, but every roll commits you for a month.
Earnings are roughly 0 days out. That is inside the window where a single report can move the stock more than the premium pays you. Sell through earnings only on purpose.
Over the last 3.0 years it had 0 days with a fall of 10% or more (0.0 a year), a deepest drawdown of -27.8%, and a worst single session of -9.1%. That is better than the median screened name (0.67 gap-downs a year, -44.9% typical worst drawdown).
Realised volatility runs about 34% annualised. That sits in the range where premium is worth collecting without the stock being wild.
Entry timing currently reads as a dip within an uptrend — historically the better half of the cycle to sell puts into.
Score breakdown
| Wheel score | 58 | 0–100 suitability for options selling |
|---|---|---|
| Quality | 46 | ROIC, margins, leverage, accruals |
| Valuation | 71 | cheaper on fwd P/E, EV/EBITDA, FCF yield |
| Margin stability | 75 | steadier earnings score higher |
| Options listed | Monthly | weekly avoids the liquidity haircut |
| Accounting flags | 0 | −8 points each |
Realised tail risk
Computed from our own daily price history, 2023-10-04 to 2026-10-01 (749 sessions). The Wheel score is built from fundamentals, so these price-derived numbers are an independent check on it, not a restatement of it.
| Days falling 10%+ in one session | 0 | 0.0 a year |
|---|---|---|
| Deepest drawdown | -27.8% | peak to trough |
| Worst single session | -9.1% | |
| Realised volatility | 34% | annualised |
Fundamentals
| Revenue (ttm) | 3,632M USD |
|---|---|
| Revenue CAGR (3y) | 15.4% |
| Net margin | 12.9% |
| Return on equity | 29.6% |
| Share price | $55.62 |
| Days to earnings | 0 |
| Sector / industry | Financial Services · Capital Markets |
Open the VIRT options chain on Yahoo Finance to check live strikes and premium — this page deliberately carries no quotes, because a quote baked into a static page is stale before you read it.
Run the numbers on VIRT
Pre-filled with the snapshot price of $55.62 and 30-day realised volatility; add the strike and premium from the live option chain.