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AFRM wheel strategy yields

Last price $73.58 · Expiry 2026-12-04 (32 DTE) · IV 73% · Next earnings 2026-11-05

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

Cash-secured put

64.6% annualized
Strike
$68.0
Premium (mid)
$3.85 (bid 3.25 / ask 4.45)
Yield
5.66% (premium ÷ strike)
Delta
-0.32
Option IV
74.9%
Open interest
5

Covered call

42.2% annualized
Strike
$84.0
Premium (mid)
$2.72 (bid 2.47 / ask 2.97)
Yield
3.7% (premium ÷ price)
Delta
0.303
Option IV
72.0%
Open interest
11

Selling one AFRM put requires ~$6,800 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.

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