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ZM wheel strategy yields
Last price $91.98 · Expiry 2026-12-04 (32 DTE) · IV 57% · Next earnings 2026-11-23
⚠ Earnings are scheduled before this expiry — premiums include event risk.
Cash-secured put
44.2% annualized
- Strike
- $86.0
- Premium (mid)
- $3.33 (bid 3.0 / ask 3.65)
- Yield
- 3.87% (premium ÷ strike)
- Delta
- -0.312
- Option IV
- 55.6%
- Open interest
- 1
Covered call
28.9% annualized
- Strike
- $104.0
- Premium (mid)
- $2.33 (bid 1.97 / ask 2.68)
- Yield
- 2.53% (premium ÷ price)
- Delta
- 0.264
- Option IV
- 57.9%
- Open interest
- 1
Selling one ZM put requires ~$8,600 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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