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JNJ wheel strategy yields
Last price $270.56 · Expiry 2026-12-04 (32 DTE) · IV 28% · Next earnings 2027-01-26
Cash-secured put
18.1% annualized
- Strike
- $260.0
- Premium (mid)
- $4.12 (bid 3.55 / ask 4.7)
- Yield
- 1.58% (premium ÷ strike)
- Delta
- -0.305
- Option IV
- 28.8%
- Open interest
- 19
Covered call
13.4% annualized
- Strike
- $285.0
- Premium (mid)
- $3.17 (bid 2.63 / ask 3.7)
- Yield
- 1.17% (premium ÷ price)
- Delta
- 0.279
- Option IV
- 28.0%
- Open interest
- 242
Selling one JNJ put requires ~$26,000 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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