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QQQ wheel strategy yields
Last price $681.09 · Expiry 2026-12-04 (32 DTE) · IV 27% · Next earnings n/a
Cash-secured put
20.1% annualized
- Strike
- $655.0
- Premium (mid)
- $11.52 (bid 11.36 / ask 11.68)
- Yield
- 1.76% (premium ÷ strike)
- Delta
- -0.306
- Option IV
- 28.3%
- Open interest
- 629
Covered call
15.2% annualized
- Strike
- $713.0
- Premium (mid)
- $9.09 (bid 8.97 / ask 9.21)
- Yield
- 1.33% (premium ÷ price)
- Delta
- 0.29
- Option IV
- 26.1%
- Open interest
- 241
Selling one QQQ put requires ~$65,500 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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