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SBUX wheel strategy yields
Last price $104.40 · Expiry 2026-12-04 (32 DTE) · IV 34% · Next earnings 2027-01-27
Cash-secured put
19.9% annualized
- Strike
- $99.0
- Premium (mid)
- $1.73 (bid 1.39 / ask 2.08)
- Yield
- 1.75% (premium ÷ strike)
- Delta
- -0.288
- Option IV
- 35.4%
- Open interest
- 1
Covered call
14.4% annualized
- Strike
- $110.0
- Premium (mid)
- $1.32 (bid 0.8 / ask 1.84)
- Yield
- 1.26% (premium ÷ price)
- Delta
- 0.306
- Option IV
- 31.9%
- Open interest
- 105
Selling one SBUX put requires ~$9,900 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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