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PYPL wheel strategy yields
Last price $58.78 · Expiry 2026-12-04 (32 DTE) · IV 35% · Next earnings n/a
Cash-secured put
20.4% annualized
- Strike
- $56.0
- Premium (mid)
- $1.00 (bid 0.6 / ask 1.4)
- Yield
- 1.79% (premium ÷ strike)
- Delta
- -0.312
- Option IV
- 37.7%
- Open interest
- 5
Covered call
18.4% annualized
- Strike
- $62.0
- Premium (mid)
- $0.95 (bid 0.82 / ask 1.07)
- Yield
- 1.62% (premium ÷ price)
- Delta
- 0.308
- Option IV
- 32.8%
- Open interest
- 55
Selling one PYPL put requires ~$5,600 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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