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AXP wheel strategy yields
Last price $327.98 · Expiry 2026-12-04 (32 DTE) · IV 28% · Next earnings 2027-01-29
Cash-secured put
16.5% annualized
- Strike
- $315.0
- Premium (mid)
- $4.55 (bid 4.1 / ask 5.0)
- Yield
- 1.44% (premium ÷ strike)
- Delta
- -0.292
- Option IV
- 26.9%
- Open interest
- 15
Covered call
14.9% annualized
- Strike
- $345.0
- Premium (mid)
- $4.28 (bid 3.8 / ask 4.75)
- Yield
- 1.3% (premium ÷ price)
- Delta
- 0.288
- Option IV
- 28.4%
- Open interest
- 10
Selling one AXP put requires ~$31,500 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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