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LUV wheel strategy yields
Last price $43.96 · Expiry 2026-12-04 (32 DTE) · IV 46% · Next earnings 2027-01-27
Cash-secured put
26.7% annualized
- Strike
- $41.0
- Premium (mid)
- $0.96 (bid 0.73 / ask 1.19)
- Yield
- 2.34% (premium ÷ strike)
- Delta
- -0.286
- Option IV
- 47.6%
- Open interest
- 0
Covered call
21.0% annualized
- Strike
- $48.0
- Premium (mid)
- $0.81 (bid 0.72 / ask 0.9)
- Yield
- 1.84% (premium ÷ price)
- Delta
- 0.272
- Option IV
- 44.2%
- Open interest
- 1
Selling one LUV put requires ~$4,100 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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