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UPST wheel strategy yields
Last price $21.31 · Expiry 2026-12-04 (32 DTE) · IV 80% · Next earnings 2026-11-03
⚠ Earnings are scheduled before this expiry — premiums include event risk.
Cash-secured put
64.9% annualized
- Strike
- $19.5
- Premium (mid)
- $1.11 (bid 0.97 / ask 1.25)
- Yield
- 5.69% (premium ÷ strike)
- Delta
- -0.309
- Option IV
- 78.1%
- Open interest
- 1
Covered call
45.5% annualized
- Strike
- $25.0
- Premium (mid)
- $0.85 (bid 0.72 / ask 0.98)
- Yield
- 3.99% (premium ÷ price)
- Delta
- 0.295
- Option IV
- 81.7%
- Open interest
- 22
Selling one UPST put requires ~$1,950 cash collateral per contract. Figures are mid-prices from delayed data as of 2026-11-02.
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