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LOW wheel strategy yields
Last price $218.15 · Expiry 2026-12-04 (32 DTE) · IV 41% · Next earnings 2026-11-18
⚠ Earnings are scheduled before this expiry — premiums include event risk.
Cash-secured put
24.5% annualized
- Strike
- $205.0
- Premium (mid)
- $4.40 (bid 3.8 / ask 5.0)
- Yield
- 2.15% (premium ÷ strike)
- Delta
- -0.284
- Option IV
- 41.1%
- Open interest
- 10
Covered call
20.4% annualized
- Strike
- $235.0
- Premium (mid)
- $3.90 (bid 3.1 / ask 4.7)
- Yield
- 1.79% (premium ÷ price)
- Delta
- 0.295
- Option IV
- 41.7%
- Open interest
- 2
Selling one LOW put requires ~$20,500 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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