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MS wheel strategy yields
Last price $185.73 · Expiry 2026-12-04 (32 DTE) · IV 34% · Next earnings 2027-01-14
Cash-secured put
18.5% annualized
- Strike
- $175.0
- Premium (mid)
- $2.84 (bid 2.54 / ask 3.15)
- Yield
- 1.62% (premium ÷ strike)
- Delta
- -0.262
- Option IV
- 34.3%
- Open interest
- 29
Covered call
21.2% annualized
- Strike
- $195.0
- Premium (mid)
- $3.45 (bid 3.05 / ask 3.85)
- Yield
- 1.86% (premium ÷ price)
- Delta
- 0.331
- Option IV
- 33.8%
- Open interest
- 7
Selling one MS put requires ~$17,500 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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