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MO wheel strategy yields
Last price $77.17 · Expiry 2026-12-04 (32 DTE) · IV 25% · Next earnings 2027-01-28
Cash-secured put
15.5% annualized
- Strike
- $75.0
- Premium (mid)
- $1.02 (bid 0.85 / ask 1.19)
- Yield
- 1.36% (premium ÷ strike)
- Delta
- -0.327
- Option IV
- 23.4%
- Open interest
- 28
Covered call
13.0% annualized
- Strike
- $81.0
- Premium (mid)
- $0.88 (bid 0.76 / ask 0.99)
- Yield
- 1.14% (premium ÷ price)
- Delta
- 0.279
- Option IV
- 26.2%
- Open interest
- 10
Selling one MO put requires ~$7,500 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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