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MRNA wheel strategy yields
Last price $220.83 · Expiry 2026-12-04 (32 DTE) · IV 87% · Next earnings 2026-11-06
⚠ Earnings are scheduled before this expiry — premiums include event risk.
Cash-secured put
73.0% annualized
- Strike
- $200.0
- Premium (mid)
- $12.80 (bid 11.2 / ask 14.4)
- Yield
- 6.4% (premium ÷ strike)
- Delta
- -0.304
- Option IV
- 87.4%
- Open interest
- 23
Covered call
50.6% annualized
- Strike
- $260.0
- Premium (mid)
- $9.80 (bid 8.25 / ask 11.35)
- Yield
- 4.44% (premium ÷ price)
- Delta
- 0.307
- Option IV
- 87.0%
- Open interest
- 7
Selling one MRNA put requires ~$20,000 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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