Home › TSM
TSM wheel strategy yields
Last price $398.63 · Expiry 2026-12-04 (32 DTE) · IV 42% · Next earnings 2027-01-14
Cash-secured put
27.8% annualized
- Strike
- $375.0
- Premium (mid)
- $9.15 (bid 8.5 / ask 9.8)
- Yield
- 2.44% (premium ÷ strike)
- Delta
- -0.291
- Option IV
- 42.4%
- Open interest
- 144
Covered call
23.0% annualized
- Strike
- $430.0
- Premium (mid)
- $8.05 (bid 7.5 / ask 8.6)
- Yield
- 2.02% (premium ÷ price)
- Delta
- 0.293
- Option IV
- 42.1%
- Open interest
- 136
Selling one TSM put requires ~$37,500 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
Get the weekly Wheel picks
Top 10 premium setups + earnings to avoid, every Sunday. Free.