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ET wheel strategy yields
Last price $20.34 · Expiry 2026-12-04 (32 DTE) · IV 52% · Next earnings 2026-11-03
⚠ Earnings are scheduled before this expiry — premiums include event risk.
Cash-secured put
69.1% annualized
- Strike
- $18.5
- Premium (mid)
- $1.12 (bid 0.01 / ask 2.23)
- Yield
- 6.05% (premium ÷ strike)
- Delta
- -0.306
- Option IV
- 83.1%
- Open interest
- 5
Covered call
11.2% annualized
- Strike
- $21.0
- Premium (mid)
- $0.20 (bid 0.15 / ask 0.25)
- Yield
- 0.98% (premium ÷ price)
- Delta
- 0.316
- Option IV
- 21.1%
- Open interest
- 44
Selling one ET put requires ~$1,850 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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