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BB wheel strategy yields

Last price $8.02 · Expiry 2026-12-04 (32 DTE) · IV 68% · Next earnings 2026-12-17

Cash-secured put

54.8% annualized
Strike
$7.5
Premium (mid)
$0.36 (bid 0.33 / ask 0.39)
Yield
4.8% (premium ÷ strike)
Delta
-0.326
Option IV
63.7%
Open interest
2

Covered call

46.9% annualized
Strike
$9.0
Premium (mid)
$0.33 (bid 0.31 / ask 0.35)
Yield
4.11% (premium ÷ price)
Delta
0.33
Option IV
71.5%
Open interest
18

Selling one BB put requires ~$750 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.

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