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USO wheel strategy yields
Last price $156.87 · Expiry 2026-12-04 (32 DTE) · IV 59% · Next earnings n/a
Cash-secured put
42.9% annualized
- Strike
- $145.5
- Premium (mid)
- $5.47 (bid 5.3 / ask 5.65)
- Yield
- 3.76% (premium ÷ strike)
- Delta
- -0.298
- Option IV
- 57.0%
- Open interest
- 5
Covered call
36.4% annualized
- Strike
- $175.0
- Premium (mid)
- $5.00 (bid 4.8 / ask 5.2)
- Yield
- 3.19% (premium ÷ price)
- Delta
- 0.303
- Option IV
- 61.1%
- Open interest
- 172
Selling one USO put requires ~$14,550 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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