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GOOGL wheel strategy yields

Last price $278.99 · Expiry 2026-12-04 (32 DTE) · IV 34% · Next earnings n/a

Cash-secured put

21.4% annualized
Strike
$265.0
Premium (mid)
$4.97 (bid 4.8 / ask 5.15)
Yield
1.88% (premium ÷ strike)
Delta
-0.284
Option IV
33.4%
Open interest
974

Covered call

19.6% annualized
Strike
$295.0
Premium (mid)
$4.80 (bid 4.45 / ask 5.15)
Yield
1.72% (premium ÷ price)
Delta
0.305
Option IV
33.7%
Open interest
700

Selling one GOOGL put requires ~$26,500 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.

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