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GM wheel strategy yields
Last price $89.94 · Expiry 2026-12-04 (32 DTE) · IV 38% · Next earnings 2027-01-27
Cash-secured put
24.6% annualized
- Strike
- $85.0
- Premium (mid)
- $1.83 (bid 1.61 / ask 2.04)
- Yield
- 2.15% (premium ÷ strike)
- Delta
- -0.293
- Option IV
- 39.1%
- Open interest
- 7
Covered call
23.0% annualized
- Strike
- $95.0
- Premium (mid)
- $1.81 (bid 1.62 / ask 1.99)
- Yield
- 2.01% (premium ÷ price)
- Delta
- 0.327
- Option IV
- 36.9%
- Open interest
- 1
Selling one GM put requires ~$8,500 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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