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RIVN wheel strategy yields

Last price $13.19 · Expiry 2026-12-04 (32 DTE) · IV 59% · Next earnings n/a

Cash-secured put

32.3% annualized
Strike
$12.0
Premium (mid)
$0.34 (bid 0.22 / ask 0.47)
Yield
2.83% (premium ÷ strike)
Delta
-0.251
Option IV
54.1%
Open interest
99

Covered call

34.6% annualized
Strike
$15.0
Premium (mid)
$0.40 (bid 0.37 / ask 0.43)
Yield
3.03% (premium ÷ price)
Delta
0.282
Option IV
64.5%
Open interest
58

Selling one RIVN put requires ~$1,200 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.

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