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AAPL wheel strategy yields

Last price $338.32 · Expiry 2026-12-04 (32 DTE) · IV 31% · Next earnings 2026-11-02

⚠ Earnings are scheduled before this expiry — premiums include event risk.

Cash-secured put

24.0% annualized
Strike
$325.0
Premium (mid)
$6.83 (bid 6.5 / ask 7.15)
Yield
2.1% (premium ÷ strike)
Delta
-0.321
Option IV
32.5%
Open interest
357

Covered call

17.7% annualized
Strike
$355.0
Premium (mid)
$5.25 (bid 5.0 / ask 5.5)
Yield
1.55% (premium ÷ price)
Delta
0.305
Option IV
29.4%
Open interest
196

Selling one AAPL put requires ~$32,500 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.

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