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HYG wheel strategy yields
Last price $76.89 · Expiry 2026-12-04 (32 DTE) · IV 8% · Next earnings n/a
Cash-secured put
4.8% annualized
- Strike
- $76.0
- Premium (mid)
- $0.32 (bid 0.16 / ask 0.47)
- Yield
- 0.42% (premium ÷ strike)
- Delta
- -0.332
- Option IV
- 9.3%
- Open interest
- 5
Covered call
2.1% annualized
- Strike
- $78.0
- Premium (mid)
- $0.14 (bid 0.06 / ask 0.22)
- Yield
- 0.18% (premium ÷ price)
- Delta
- 0.242
- Option IV
- 6.8%
- Open interest
- 17
Selling one HYG put requires ~$7,600 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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