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CRM wheel strategy yields

Last price $226.18 · Expiry 2026-12-04 (32 DTE) · IV 53% · Next earnings 2026-12-02

⚠ Earnings are scheduled before this expiry — premiums include event risk.

Cash-secured put

38.3% annualized
Strike
$210.0
Premium (mid)
$7.05 (bid 6.45 / ask 7.65)
Yield
3.36% (premium ÷ strike)
Delta
-0.291
Option IV
53.0%
Open interest
76

Covered call

29.5% annualized
Strike
$250.0
Premium (mid)
$5.85 (bid 5.45 / ask 6.25)
Yield
2.59% (premium ÷ price)
Delta
0.287
Option IV
52.8%
Open interest
28

Selling one CRM put requires ~$21,000 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.

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