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PINS wheel strategy yields
Last price $20.31 · Expiry 2026-12-04 (32 DTE) · IV 53% · Next earnings n/a
Cash-secured put
42.0% annualized
- Strike
- $19.0
- Premium (mid)
- $0.70 (bid 0.59 / ask 0.81)
- Yield
- 3.68% (premium ÷ strike)
- Delta
- -0.309
- Option IV
- 53.8%
- Open interest
- 15
Covered call
28.1% annualized
- Strike
- $22.5
- Premium (mid)
- $0.50 (bid 0.41 / ask 0.59)
- Yield
- 2.46% (premium ÷ price)
- Delta
- 0.279
- Option IV
- 52.1%
- Open interest
- 2
Selling one PINS put requires ~$1,900 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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