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AA wheel strategy yields
Last price $39.90 · Expiry 2026-12-04 (32 DTE) · IV 52% · Next earnings 2027-01-21
Cash-secured put
29.9% annualized
- Strike
- $37.0
- Premium (mid)
- $0.97 (bid 0.79 / ask 1.16)
- Yield
- 2.62% (premium ÷ strike)
- Delta
- -0.283
- Option IV
- 51.3%
- Open interest
- 13
Covered call
23.4% annualized
- Strike
- $44.0
- Premium (mid)
- $0.82 (bid 0.58 / ask 1.06)
- Yield
- 2.06% (premium ÷ price)
- Delta
- 0.292
- Option IV
- 52.8%
- Open interest
- 31
Selling one AA put requires ~$3,700 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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