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NIO wheel strategy yields
Last price $3.19 · Expiry 2026-12-04 (32 DTE) · IV 56% · Next earnings 2026-11-24
⚠ Earnings are scheduled before this expiry — premiums include event risk.
Cash-secured put
45.6% annualized
- Strike
- $3.0
- Premium (mid)
- $0.12 (bid 0.1 / ask 0.14)
- Yield
- 4.0% (premium ÷ strike)
- Delta
- -0.323
- Option IV
- 55.1%
- Open interest
- 34
Covered call
35.8% annualized
- Strike
- $3.5
- Premium (mid)
- $0.10 (bid 0.08 / ask 0.12)
- Yield
- 3.13% (premium ÷ price)
- Delta
- 0.318
- Option IV
- 56.2%
- Open interest
- 150
Selling one NIO put requires ~$300 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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