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SE wheel strategy yields

Last price $75.48 · Expiry 2026-12-04 (32 DTE) · IV 71% · Next earnings 2026-11-10

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

Cash-secured put

50.9% annualized
Strike
$69.0
Premium (mid)
$3.08 (bid 1.9 / ask 4.25)
Yield
4.46% (premium ÷ strike)
Delta
-0.291
Option IV
67.5%
Open interest
2

Covered call

43.5% annualized
Strike
$87.0
Premium (mid)
$2.88 (bid 2.3 / ask 3.45)
Yield
3.82% (premium ÷ price)
Delta
0.3
Option IV
75.5%
Open interest
7

Selling one SE put requires ~$6,900 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.

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