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SOFI wheel strategy yields
Last price $16.60 · Expiry 2026-12-04 (32 DTE) · IV 50% · Next earnings 2027-01-29
Cash-secured put
37.5% annualized
- Strike
- $15.5
- Premium (mid)
- $0.51 (bid 0.5 / ask 0.52)
- Yield
- 3.29% (premium ÷ strike)
- Delta
- -0.298
- Option IV
- 50.8%
- Open interest
- 565
Covered call
31.6% annualized
- Strike
- $18.0
- Premium (mid)
- $0.46 (bid 0.45 / ask 0.47)
- Yield
- 2.77% (premium ÷ price)
- Delta
- 0.318
- Option IV
- 50.0%
- Open interest
- 2353
Selling one SOFI put requires ~$1,550 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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