Home › T
T wheel strategy yields
Last price $21.44 · Expiry 2026-12-04 (32 DTE) · IV 29% · Next earnings 2027-01-27
Cash-secured put
16.7% annualized
- Strike
- $20.5
- Premium (mid)
- $0.30 (bid 0.28 / ask 0.32)
- Yield
- 1.46% (premium ÷ strike)
- Delta
- -0.28
- Option IV
- 27.9%
- Open interest
- 80
Covered call
17.6% annualized
- Strike
- $22.5
- Premium (mid)
- $0.33 (bid 0.29 / ask 0.37)
- Yield
- 1.54% (premium ÷ price)
- Delta
- 0.312
- Option IV
- 30.5%
- Open interest
- 766
Selling one T put requires ~$2,050 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.