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SMCI wheel strategy yields
Last price $30.44 · Expiry 2026-12-04 (32 DTE) · IV 92% · Next earnings 2026-11-03
⚠ Earnings are scheduled before this expiry — premiums include event risk.
Cash-secured put
69.3% annualized
- Strike
- $27.0
- Premium (mid)
- $1.64 (bid 1.54 / ask 1.74)
- Yield
- 6.07% (premium ÷ strike)
- Delta
- -0.28
- Option IV
- 90.5%
- Open interest
- 129
Covered call
49.1% annualized
- Strike
- $37.0
- Premium (mid)
- $1.31 (bid 1.15 / ask 1.48)
- Yield
- 4.3% (premium ÷ price)
- Delta
- 0.286
- Option IV
- 93.7%
- Open interest
- 40
Selling one SMCI put requires ~$2,700 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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