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BAC wheel strategy yields
Last price $49.57 · Expiry 2026-12-04 (32 DTE) · IV 29% · Next earnings 2027-01-15
Cash-secured put
22.3% annualized
- Strike
- $48.0
- Premium (mid)
- $0.94 (bid 0.87 / ask 1.01)
- Yield
- 1.96% (premium ÷ strike)
- Delta
- -0.339
- Option IV
- 29.1%
- Open interest
- 53
Covered call
15.0% annualized
- Strike
- $52.0
- Premium (mid)
- $0.65 (bid 0.57 / ask 0.73)
- Yield
- 1.31% (premium ÷ price)
- Delta
- 0.295
- Option IV
- 27.9%
- Open interest
- 45
Selling one BAC put requires ~$4,800 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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