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LYFT wheel strategy yields

Last price $16.62 · Expiry 2026-12-04 (32 DTE) · IV 63% · Next earnings 2026-11-05

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

Cash-secured put

55.2% annualized
Strike
$15.5
Premium (mid)
$0.75 (bid 0.64 / ask 0.86)
Yield
4.84% (premium ÷ strike)
Delta
-0.323
Option IV
64.9%
Open interest
10

Covered call

37.7% annualized
Strike
$18.5
Premium (mid)
$0.55 (bid 0.47 / ask 0.64)
Yield
3.31% (premium ÷ price)
Delta
0.311
Option IV
61.9%
Open interest
24

Selling one LYFT put requires ~$1,550 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.

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