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GS wheel strategy yields

Last price $898.72 · Expiry 2026-12-04 (32 DTE) · IV 37% · Next earnings 2027-01-19

Cash-secured put

23.2% annualized
Strike
$850.0
Premium (mid)
$17.30 (bid 14.5 / ask 20.1)
Yield
2.04% (premium ÷ strike)
Delta
-0.293
Option IV
38.6%
Open interest
26

Covered call

18.4% annualized
Strike
$955.0
Premium (mid)
$14.52 (bid 11.65 / ask 17.4)
Yield
1.62% (premium ÷ price)
Delta
0.302
Option IV
35.9%
Open interest
2

Selling one GS put requires ~$85,000 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.

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