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CAT wheel strategy yields
Last price $613.62 · Expiry 2026-12-04 (32 DTE) · IV 45% · Next earnings 2027-01-28
Cash-secured put
31.0% annualized
- Strike
- $580.0
- Premium (mid)
- $15.78 (bid 13.75 / ask 17.8)
- Yield
- 2.72% (premium ÷ strike)
- Delta
- -0.313
- Option IV
- 45.2%
- Open interest
- 25
Covered call
22.4% annualized
- Strike
- $665.0
- Premium (mid)
- $12.07 (bid 10.0 / ask 14.15)
- Yield
- 1.97% (premium ÷ price)
- Delta
- 0.295
- Option IV
- 44.8%
- Open interest
- 5
Selling one CAT put requires ~$58,000 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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