Home › PEP
PEP wheel strategy yields
Last price $140.42 · Expiry 2026-12-04 (32 DTE) · IV 28% · Next earnings n/a
Cash-secured put
15.5% annualized
- Strike
- $135.0
- Premium (mid)
- $1.83 (bid 0.87 / ask 2.8)
- Yield
- 1.36% (premium ÷ strike)
- Delta
- -0.318
- Option IV
- 31.1%
- Open interest
- 7
Covered call
11.0% annualized
- Strike
- $146.0
- Premium (mid)
- $1.36 (bid 0.6 / ask 2.12)
- Yield
- 0.97% (premium ÷ price)
- Delta
- 0.318
- Option IV
- 25.7%
- Open interest
- 127
Selling one PEP put requires ~$13,500 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
Get the weekly Wheel picks
Top 10 premium setups + earnings to avoid, every Sunday. Free.