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SCHW wheel strategy yields
Last price $88.71 · Expiry 2026-12-04 (32 DTE) · IV 28% · Next earnings 2027-01-21
Cash-secured put
18.1% annualized
- Strike
- $85.0
- Premium (mid)
- $1.35 (bid 1.25 / ask 1.45)
- Yield
- 1.59% (premium ÷ strike)
- Delta
- -0.293
- Option IV
- 28.7%
- Open interest
- 487
Covered call
14.4% annualized
- Strike
- $93.0
- Premium (mid)
- $1.12 (bid 0.97 / ask 1.27)
- Yield
- 1.26% (premium ÷ price)
- Delta
- 0.293
- Option IV
- 27.3%
- Open interest
- 6
Selling one SCHW put requires ~$8,500 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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