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MA wheel strategy yields
Last price $658.10 · Expiry 2026-12-04 (32 DTE) · IV 25% · Next earnings 2027-01-28
Cash-secured put
15.4% annualized
- Strike
- $635.0
- Premium (mid)
- $8.55 (bid 6.5 / ask 10.6)
- Yield
- 1.35% (premium ÷ strike)
- Delta
- -0.309
- Option IV
- 26.3%
- Open interest
- 3
Covered call
12.5% annualized
- Strike
- $685.0
- Premium (mid)
- $7.20 (bid 6.4 / ask 8.0)
- Yield
- 1.09% (premium ÷ price)
- Delta
- 0.292
- Option IV
- 23.2%
- Open interest
- 2
Selling one MA put requires ~$63,500 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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