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NVDA wheel strategy yields

Last price $202.06 · Expiry 2026-12-04 (32 DTE) · IV 48% · Next earnings 2026-11-17

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

Cash-secured put

38.7% annualized
Strike
$190.0
Premium (mid)
$6.45 (bid 6.35 / ask 6.55)
Yield
3.39% (premium ÷ strike)
Delta
-0.313
Option IV
50.1%
Open interest
1293

Covered call

25.2% annualized
Strike
$220.0
Premium (mid)
$4.47 (bid 4.4 / ask 4.55)
Yield
2.21% (premium ÷ price)
Delta
0.286
Option IV
45.5%
Open interest
1889

Selling one NVDA put requires ~$19,000 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.

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