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KMI wheel strategy yields
Last price $32.71 · Expiry 2026-12-04 (32 DTE) · IV 29% · Next earnings 2027-01-27
Cash-secured put
14.3% annualized
- Strike
- $31.0
- Premium (mid)
- $0.39 (bid 0.33 / ask 0.45)
- Yield
- 1.26% (premium ÷ strike)
- Delta
- -0.254
- Option IV
- 29.2%
- Open interest
- 1022
Covered call
19.2% annualized
- Strike
- $34.0
- Premium (mid)
- $0.55 (bid 0.49 / ask 0.62)
- Yield
- 1.68% (premium ÷ price)
- Delta
- 0.343
- Option IV
- 29.2%
- Open interest
- 35
Selling one KMI put requires ~$3,100 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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