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GOLD wheel strategy yields

Last price $39.12 · Expiry 2026-12-18 (45 DTE) · IV 59% · Next earnings 2026-11-04

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

Cash-secured put

22.5% annualized
Strike
$35.0
Premium (mid)
$0.97 (bid 0.55 / ask 1.4)
Yield
2.77% (premium ÷ strike)
Delta
-0.258
Option IV
57.8%
Open interest
204

Covered call

29.6% annualized
Strike
$45.0
Premium (mid)
$1.43 (bid 0.85 / ask 2.0)
Yield
3.66% (premium ÷ price)
Delta
0.293
Option IV
61.2%
Open interest
15

Selling one GOLD put requires ~$3,500 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-03.

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