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NET wheel strategy yields

Last price $265.17 · Expiry 2026-12-04 (32 DTE) · IV 88% · Next earnings 2026-11-05

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

Cash-secured put

73.9% annualized
Strike
$240.0
Premium (mid)
$15.55 (bid 14.2 / ask 16.9)
Yield
6.48% (premium ÷ strike)
Delta
-0.304
Option IV
88.3%
Open interest
4

Covered call

50.0% annualized
Strike
$315.0
Premium (mid)
$11.62 (bid 10.45 / ask 12.8)
Yield
4.38% (premium ÷ price)
Delta
0.3
Option IV
88.7%
Open interest
2

Selling one NET put requires ~$24,000 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.

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