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AAL wheel strategy yields
Last price $13.08 · Expiry 2026-12-04 (32 DTE) · IV 55% · Next earnings 2027-01-26
Cash-secured put
41.8% annualized
- Strike
- $12.0
- Premium (mid)
- $0.44 (bid 0.3 / ask 0.58)
- Yield
- 3.67% (premium ÷ strike)
- Delta
- -0.281
- Option IV
- 59.3%
- Open interest
- 547
Covered call
24.4% annualized
- Strike
- $14.5
- Premium (mid)
- $0.28 (bid 0.25 / ask 0.3)
- Yield
- 2.14% (premium ÷ price)
- Delta
- 0.27
- Option IV
- 50.6%
- Open interest
- 145
Selling one AAL put requires ~$1,200 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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