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MARA wheel strategy yields
Last price $6.43 · Expiry 2026-12-04 (32 DTE) · IV 109% · Next earnings 2026-11-09
⚠ Earnings are scheduled before this expiry — premiums include event risk.
Cash-secured put
85.0% annualized
- Strike
- $5.5
- Premium (mid)
- $0.41 (bid 0.4 / ask 0.42)
- Yield
- 7.45% (premium ÷ strike)
- Delta
- -0.263
- Option IV
- 112.9%
- Open interest
- 67
Covered call
56.8% annualized
- Strike
- $8.0
- Premium (mid)
- $0.32 (bid 0.31 / ask 0.33)
- Yield
- 4.98% (premium ÷ price)
- Delta
- 0.295
- Option IV
- 105.9%
- Open interest
- 463
Selling one MARA put requires ~$550 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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