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W wheel strategy yields
Last price $113.14 · Expiry 2026-12-04 (32 DTE) · IV 76% · Next earnings 2026-11-04
⚠ Earnings are scheduled before this expiry — premiums include event risk.
Cash-secured put
57.9% annualized
- Strike
- $104.0
- Premium (mid)
- $5.28 (bid 4.55 / ask 6.0)
- Yield
- 5.08% (premium ÷ strike)
- Delta
- -0.307
- Option IV
- 71.3%
- Open interest
- 23
Covered call
49.9% annualized
- Strike
- $130.0
- Premium (mid)
- $4.95 (bid 3.9 / ask 6.0)
- Yield
- 4.38% (premium ÷ price)
- Delta
- 0.32
- Option IV
- 80.1%
- Open interest
- 1
Selling one W put requires ~$10,400 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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