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SHOP wheel strategy yields

Last price $156.22 · Expiry 2026-12-04 (32 DTE) · IV 79% · Next earnings 2026-11-03

⚠ Earnings are scheduled before this expiry — premiums include event risk.

Cash-secured put

70.8% annualized
Strike
$143.0
Premium (mid)
$8.88 (bid 7.55 / ask 10.2)
Yield
6.21% (premium ÷ strike)
Delta
-0.314
Option IV
82.5%
Open interest
2

Covered call

44.5% annualized
Strike
$180.0
Premium (mid)
$6.10 (bid 4.55 / ask 7.65)
Yield
3.9% (premium ÷ price)
Delta
0.304
Option IV
76.4%
Open interest
6

Selling one SHOP put requires ~$14,300 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.

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