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IWM wheel strategy yields
Last price $279.14 · Expiry 2026-12-04 (32 DTE) · IV 22% · Next earnings n/a
Cash-secured put
15.1% annualized
- Strike
- $270.0
- Premium (mid)
- $3.57 (bid 3.54 / ask 3.6)
- Yield
- 1.32% (premium ÷ strike)
- Delta
- -0.297
- Option IV
- 22.4%
- Open interest
- 511
Covered call
12.3% annualized
- Strike
- $289.0
- Premium (mid)
- $3.02 (bid 2.97 / ask 3.06)
- Yield
- 1.08% (premium ÷ price)
- Delta
- 0.295
- Option IV
- 20.6%
- Open interest
- 115
Selling one IWM put requires ~$27,000 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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