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GME wheel strategy yields

Last price $24.19 · Expiry 2026-12-04 (32 DTE) · IV 57% · Next earnings 2026-12-08

Cash-secured put

29.4% annualized
Strike
$22.5
Premium (mid)
$0.58 (bid 0.3 / ask 0.87)
Yield
2.58% (premium ÷ strike)
Delta
-0.304
Option IV
57.1%
Open interest
114

Covered call

28.3% annualized
Strike
$26.5
Premium (mid)
$0.60 (bid 0.39 / ask 0.81)
Yield
2.48% (premium ÷ price)
Delta
0.327
Option IV
57.7%
Open interest
127

Selling one GME put requires ~$2,250 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.

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