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CVS wheel strategy yields
Last price $88.51 · Expiry 2026-12-04 (32 DTE) · IV 43% · Next earnings 2026-11-04
⚠ Earnings are scheduled before this expiry — premiums include event risk.
Cash-secured put
29.1% annualized
- Strike
- $84.0
- Premium (mid)
- $2.14 (bid 1.79 / ask 2.49)
- Yield
- 2.55% (premium ÷ strike)
- Delta
- -0.318
- Option IV
- 43.0%
- Open interest
- 14
Covered call
22.0% annualized
- Strike
- $96.0
- Premium (mid)
- $1.71 (bid 1.53 / ask 1.88)
- Yield
- 1.93% (premium ÷ price)
- Delta
- 0.284
- Option IV
- 43.2%
- Open interest
- 4
Selling one CVS put requires ~$8,400 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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