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DE wheel strategy yields

Last price $667.60 · Expiry 2026-12-04 (32 DTE) · IV 45% · Next earnings 2026-11-25

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

Cash-secured put

28.8% annualized
Strike
$630.0
Premium (mid)
$15.90 (bid 12.1 / ask 19.7)
Yield
2.52% (premium ÷ strike)
Delta
-0.311
Option IV
46.2%
Open interest
5

Covered call

21.4% annualized
Strike
$720.0
Premium (mid)
$12.55 (bid 9.1 / ask 16.0)
Yield
1.88% (premium ÷ price)
Delta
0.305
Option IV
44.4%
Open interest
3

Selling one DE put requires ~$63,000 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.

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