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DVN wheel strategy yields
Last price $48.63 · Expiry 2026-12-04 (32 DTE) · IV 44% · Next earnings 2026-11-05
⚠ Earnings are scheduled before this expiry — premiums include event risk.
Cash-secured put
29.3% annualized
- Strike
- $46.0
- Premium (mid)
- $1.18 (bid 1.08 / ask 1.27)
- Yield
- 2.57% (premium ÷ strike)
- Delta
- -0.306
- Option IV
- 42.2%
- Open interest
- 74
Covered call
22.5% annualized
- Strike
- $53.0
- Premium (mid)
- $0.96 (bid 0.84 / ask 1.07)
- Yield
- 1.97% (premium ÷ price)
- Delta
- 0.283
- Option IV
- 45.3%
- Open interest
- 2
Selling one DVN put requires ~$4,600 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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