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OXY wheel strategy yields

Last price $60.72 · Expiry 2026-12-04 (32 DTE) · IV 41% · Next earnings 2026-11-09

⚠ Earnings are scheduled before this expiry — premiums include event risk.

Cash-secured put

30.9% annualized
Strike
$58.0
Premium (mid)
$1.57 (bid 1.39 / ask 1.75)
Yield
2.71% (premium ÷ strike)
Delta
-0.332
Option IV
41.5%
Open interest
3

Covered call

23.9% annualized
Strike
$65.0
Premium (mid)
$1.27 (bid 1.15 / ask 1.39)
Yield
2.09% (premium ÷ price)
Delta
0.31
Option IV
41.3%
Open interest
41

Selling one OXY put requires ~$5,800 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.

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