NOW — Cash-Secured Put & Wheel Strategy Analysis

Q: Is NOW a good wheel strategy stock right now?

NOW is trading at $98.78 with an ATR of $6.18. NOW is trading below all four moving averages — a downtrend. Next earnings report is July 22, 2026 (-2 days away). Wheel traders should consider closing or rolling CSP positions before earnings to avoid IV crush and gap risk.

Q: Should I close my NOW CSP before earnings?

Most wheel strategy traders close or roll CSPs 1–2 days before earnings because implied volatility typically collapses after the announcement (IV crush). The premium you collected is largely an upfront payment for accepting that volatility risk. Holding through earnings exposes you to gap risk: even if your strike isn't breached, the IV drop alone can wipe out most of the premium you collected.

NOW wheel strategy & cash-secured put scanner. NOW is currently trading at $98.78 and trading below all four moving averages — a downtrend. This page shows the live NOW options chain across 3 expirations (2026-07-24 through 2026-08-07, DTE 1–15 days), optimized for cash-secured put and wheel strategy candidates. Next earnings: July 22, 2026 (-2 days away). ⚠️ Earnings proximity — consider closing/rolling CSPs before announcement to avoid IV crush.

Highlight criteria: Yield% ≥ 50% | Buffer% ≥ 15% | ATR/Dist ≥ 2.5

2026-07-24

DTE 1 | Trading days: 1

Strike	Mid	Bid	ATR/Dist	Buffer%	Yield%	Premium
55.00	42.75	40.35	7.09	44.3%	28370.5%	42.75
60.00	38.60	37.70	6.28	39.3%	23481.7%	38.60
65.00	33.78	32.60	5.47	34.2%	18968.8%	33.78
70.00	28.35	27.60	4.66	29.1%	14782.5%	28.35
75.00	23.45	22.60	3.85	24.1%	11412.3%	23.45
77.00	21.12	19.30	3.53	22.0%	10011.4%	21.12
78.00	20.42	18.75	3.36	21.0%	9555.5%	20.42
79.00	19.85	18.25	3.2	20.0%	9171.2%	19.85
80.00	18.60	17.75	3.04	19.0%	8486.3%	18.60
81.00	17.45	16.60	2.88	18.0%	7863.3%	17.45
82.00	16.85	15.70	2.72	17.0%	7500.3%	16.85
83.00	15.62	15.20	2.55	16.0%	6869.0%	15.62
84.00	14.05	12.15	2.39	15.0%	6105.1%	14.05
85.00	13.38	12.90	2.23	14.0%	5745.5%	13.38
86.00	11.80	10.25	2.07	12.9%	5008.1%	11.80
87.00	11.30	10.50	1.91	11.9%	4740.8%	11.30
88.00	10.52	8.15	1.75	10.9%	4363.4%	10.52
89.00	9.62	9.25	1.58	9.9%	3945.3%	9.62
90.00	9.05	8.50	1.42	8.9%	3670.3%	9.05
91.00	8.40	6.80	1.26	7.9%	3369.2%	8.40
92.00	6.72	6.15	1.1	6.9%	2666.1%	6.72
93.00	6.00	5.15	0.94	5.9%	2354.8%	6.00
94.00	4.72	4.05	0.77	4.8%	1832.8%	4.72
95.00	4.07	3.55	0.61	3.8%	1563.7%	4.07
96.00	2.76	2.54	0.45	2.8%	1049.4%	2.76
97.00	1.82	1.65	0.29	1.8%	684.8%	1.82
98.00	0.74	0.48	0.13	0.8%	275.6%	0.74
99.00	0.05	0.04	-0.04	-0.2%	18.4%	0.05
99.00	0.30	0.10	-0.04	-0.2%	110.6%	0.30
100.00	1.22	1.03	-0.2	-1.2%	445.3%	1.22
101.00	2.54	1.98	-0.36	-2.2%	917.9%	2.54
102.00	3.42	2.78	-0.52	-3.3%	1223.8%	3.42
103.00	4.76	2.92	-0.68	-4.3%	1686.8%	4.76
104.00	5.45	4.80	-0.85	-5.3%	1912.7%	5.45
105.00	6.28	5.95	-1.01	-6.3%	2183.0%	6.28
106.00	7.65	6.80	-1.17	-7.3%	2634.2%	7.65
107.00	8.25	8.00	-1.33	-8.3%	2814.3%	8.25
108.00	9.28	9.00	-1.49	-9.3%	3136.3%	9.28
109.00	11.60	9.95	-1.65	-10.3%	3884.4%	11.60
110.00	11.68	10.75	-1.82	-11.4%	3875.6%	11.68
111.00	12.20	11.25	-1.98	-12.4%	4011.7%	12.20
112.00	13.72	13.00	-2.14	-13.4%	4471.3%	13.72
113.00	14.58	13.75	-2.3	-14.4%	4709.5%	14.58
114.00	15.55	14.70	-2.46	-15.4%	4978.7%	15.55
115.00	16.48	16.00	-2.63	-16.4%	5230.6%	16.48
116.00	17.60	16.85	-2.79	-17.4%	5537.9%	17.60
117.00	18.77	17.05	-2.95	-18.4%	5855.6%	18.77
118.00	19.77	18.15	-3.11	-19.5%	6115.3%	19.77
119.00	20.80	19.90	-3.27	-20.5%	6379.8%	20.80
120.00	21.32	20.40	-3.44	-21.5%	6484.8%	21.32
121.00	23.55	20.70	-3.6	-22.5%	7103.9%	23.55
122.00	25.08	22.75	-3.76	-23.5%	7503.4%	25.08
123.00	25.00	22.95	-3.92	-24.5%	7418.7%	25.00
124.00	25.88	23.70	-4.08	-25.5%	7617.9%	25.88
125.00	26.58	25.05	-4.24	-26.5%	7761.4%	26.58
126.00	28.75	26.15	-4.41	-27.6%	8328.4%	28.75
127.00	28.62	26.65	-4.57	-28.6%	8225.4%	28.62
128.00	31.15	28.90	-4.73	-29.6%	8882.6%	31.15
129.00	30.28	28.85	-4.89	-30.6%	8567.6%	30.28
130.00	31.48	30.75	-5.05	-31.6%	8838.6%	31.48
131.00	33.70	31.05	-5.22	-32.6%	9389.7%	33.70
132.00	34.48	31.60	-5.38	-33.6%	9534.2%	34.48
133.00	35.17	32.75	-5.54	-34.6%	9651.9%	35.17
134.00	36.83	34.25	-5.7	-35.7%	10032.1%	36.83
135.00	36.52	35.90	-5.86	-36.7%	9873.9%	36.52
136.00	37.58	36.15	-6.03	-37.7%	10085.8%	37.58
137.00	39.78	37.20	-6.19	-38.7%	10598.3%	39.78
139.00	42.18	40.00	-6.51	-40.7%	11076.0%	42.18
140.00	41.10	39.50	-6.67	-41.7%	10715.4%	41.10
141.00	43.42	40.50	-6.83	-42.7%	11239.9%	43.42
145.00	46.30	44.15	-7.48	-46.8%	11654.8%	46.30
150.00	50.88	49.75	-8.29	-51.9%	12380.8%	50.88
155.00	56.82	55.95	-9.1	-56.9%	13380.2%	56.82
160.00	63.05	60.75	-9.91	-62.0%	14383.3%	63.05
165.00	67.75	65.15	-10.72	-67.0%	14987.1%	67.75
180.00	83.18	81.00	-13.15	-82.2%	16867.1%	83.18

2026-07-31

DTE 8 | Trading days: 6

Strike	Mid	Bid	ATR/Dist	Buffer%	Yield%	Premium
60.00	37.42	34.70	6.28	39.3%	2845.5%	37.42
65.00	32.10	29.70	5.47	34.2%	2253.2%	32.10
70.00	27.42	25.60	4.66	29.1%	1787.2%	27.42
75.00	22.55	20.90	3.85	24.1%	1371.8%	22.55
77.00	20.10	17.75	3.53	22.0%	1191.0%	20.10
80.00	18.52	17.80	3.04	19.0%	1056.2%	18.52
81.00	17.80	15.15	2.88	18.0%	1002.6%	17.80
82.00	16.27	14.40	2.72	17.0%	905.3%	16.27
83.00	14.85	13.40	2.55	16.0%	816.3%	14.85
84.00	14.18	13.00	2.39	15.0%	770.2%	14.18
85.00	13.95	12.50	2.23	14.0%	748.8%	13.95
86.00	11.88	10.40	2.07	12.9%	630.3%	11.88
87.00	11.88	11.35	1.91	11.9%	623.0%	11.88
88.00	10.80	10.15	1.75	10.9%	559.9%	10.80
89.00	10.22	10.00	1.58	9.9%	523.9%	10.22
90.00	9.38	9.00	1.42	8.9%	475.5%	9.38
91.00	8.43	8.05	1.26	7.9%	422.7%	8.43
92.00	7.72	7.50	1.1	6.9%	382.9%	7.72
93.00	6.92	6.55	0.94	5.9%	339.5%	6.92
94.00	6.12	5.85	0.77	4.8%	297.0%	6.12
95.00	5.55	5.40	0.61	3.8%	266.5%	5.55
96.00	4.90	4.75	0.45	2.8%	232.9%	4.90
97.00	4.30	4.20	0.29	1.8%	202.3%	4.30
98.00	3.75	3.65	0.13	0.8%	174.6%	3.75
99.00	3.22	3.15	-0.04	-0.2%	148.4%	3.22
100.00	2.76	2.71	-0.2	-1.2%	125.9%	2.76
101.00	2.34	2.26	-0.36	-2.2%	105.7%	2.34
102.00	2.00	1.94	-0.52	-3.3%	89.5%	2.00
103.00	1.68	1.60	-0.68	-4.3%	74.4%	1.68
104.00	1.43	1.34	-0.85	-5.3%	62.7%	1.43
105.00	1.17	1.14	-1.01	-6.3%	50.8%	1.17
106.00	0.96	0.93	-1.17	-7.3%	41.3%	0.96
107.00	0.78	0.73	-1.33	-8.3%	33.3%	0.78
108.00	0.66	0.61	-1.49	-9.3%	27.9%	0.66
109.00	0.53	0.48	-1.65	-10.3%	22.2%	0.53
110.00	0.45	0.44	-1.82	-11.4%	18.7%	0.45
111.00	0.36	0.33	-1.98	-12.4%	14.8%	0.36
112.00	0.31	0.28	-2.14	-13.4%	12.6%	0.31
113.00	0.28	0.23	-2.3	-14.4%	11.3%	0.28
114.00	0.20	0.16	-2.46	-15.4%	8.0%	0.20
115.00	0.19	0.18	-2.63	-16.4%	7.5%	0.19
116.00	0.16	0.12	-2.79	-17.4%	6.3%	0.16
117.00	0.20	0.10	-2.95	-18.4%	7.8%	0.20
118.00	0.20	0.11	-3.11	-19.5%	7.7%	0.20
119.00	0.18	0.08	-3.27	-20.5%	6.9%	0.18
120.00	0.10	0.09	-3.44	-21.5%	3.8%	0.10
121.00	0.08	0.07	-3.6	-22.5%	3.0%	0.08
122.00	0.30	0.01	-3.76	-23.5%	11.2%	0.30
125.00	0.05	0.02	-4.24	-26.5%	1.8%	0.05
130.00	0.04	0.03	-5.05	-31.6%	1.4%	0.04
135.00	0.04	0.02	-5.86	-36.7%	1.4%	0.04
140.00	0.02	0.02	-6.67	-41.7%	0.7%	0.02
145.00	0.02	0.01	-7.48	-46.8%	0.6%	0.02
78.00	0.12	0.01	3.36	21.0%	7.0%	0.12
79.00	0.02	0.01	3.2	20.0%	1.2%	0.02
80.00	0.02	0.01	3.04	19.0%	1.1%	0.02
81.00	0.04	0.03	2.88	18.0%	2.3%	0.04
82.00	0.06	0.05	2.72	17.0%	3.3%	0.06
83.00	0.07	0.05	2.55	16.0%	3.8%	0.07
84.00	0.10	0.09	2.39	15.0%	5.4%	0.10
85.00	0.12	0.10	2.23	14.0%	6.4%	0.12
86.00	0.16	0.15	2.07	12.9%	8.5%	0.16
87.00	0.22	0.20	1.91	11.9%	11.5%	0.22
88.00	0.31	0.30	1.75	10.9%	16.1%	0.31
89.00	0.40	0.38	1.58	9.9%	20.5%	0.40
90.00	0.54	0.51	1.42	8.9%	27.4%	0.54
91.00	0.70	0.65	1.26	7.9%	35.1%	0.70
92.00	0.88	0.81	1.1	6.9%	43.6%	0.88
93.00	1.10	1.03	0.94	5.9%	54.0%	1.10
94.00	1.32	1.17	0.77	4.8%	64.1%	1.32
95.00	1.64	1.56	0.61	3.8%	78.8%	1.64
96.00	2.00	1.94	0.45	2.8%	95.1%	2.00
97.00	2.38	2.26	0.29	1.8%	111.9%	2.38
98.00	2.84	2.70	0.13	0.8%	132.2%	2.84
99.00	3.40	3.25	-0.04	-0.2%	156.7%	3.40
100.00	3.95	3.80	-0.2	-1.2%	180.2%	3.95
101.00	4.53	4.40	-0.36	-2.2%	204.6%	4.53
102.00	5.15	5.00	-0.52	-3.3%	230.4%	5.15
103.00	5.82	5.65	-0.68	-4.3%	257.8%	5.82
104.00	6.60	6.25	-0.85	-5.3%	289.5%	6.60
105.00	7.30	7.10	-1.01	-6.3%	317.2%	7.30
106.00	8.25	7.95	-1.17	-7.3%	355.1%	8.25
107.00	9.20	8.40	-1.33	-8.3%	392.3%	9.20
108.00	10.38	9.20	-1.49	-9.3%	438.5%	10.38
109.00	12.12	10.45	-1.65	-10.3%	507.3%	12.12
110.00	12.12	11.05	-1.82	-11.4%	502.7%	12.12
111.00	13.27	12.10	-1.98	-12.4%	545.4%	13.27
112.00	13.78	12.65	-2.14	-13.4%	561.4%	13.78
113.00	14.52	13.65	-2.3	-14.4%	586.3%	14.52
114.00	15.70	14.30	-2.46	-15.4%	628.3%	15.70
115.00	16.42	16.00	-2.63	-16.4%	651.4%	16.42
116.00	18.12	16.25	-2.79	-17.4%	712.7%	18.12
117.00	19.05	17.75	-2.95	-18.4%	742.9%	19.05
118.00	19.58	18.20	-3.11	-19.5%	757.1%	19.58
119.00	22.05	19.65	-3.27	-20.5%	845.4%	22.05
120.00	21.92	20.55	-3.44	-21.5%	833.4%	21.92
121.00	24.05	21.70	-3.6	-22.5%	906.8%	24.05
123.00	26.15	23.90	-3.92	-24.5%	970.0%	26.15
125.00	27.98	25.85	-4.24	-26.5%	1021.3%	27.98
128.00	31.05	28.75	-4.73	-29.6%	1106.8%	31.05
129.00	32.00	29.65	-4.89	-30.6%	1131.8%	32.00
130.00	32.25	30.80	-5.05	-31.6%	1131.9%	32.25
135.00	37.20	35.45	-5.86	-36.7%	1257.2%	37.20
140.00	42.02	40.00	-6.67	-41.7%	1369.4%	42.02
145.00	47.28	45.85	-7.48	-46.8%	1487.7%	47.28
150.00	51.48	50.70	-8.29	-51.9%	1565.8%	51.48
155.00	56.40	55.00	-9.1	-56.9%	1660.2%	56.40

2026-08-07

DTE 15 | Trading days: 11

Strike	Mid	Bid	ATR/Dist	Buffer%	Yield%	Premium
65.00	32.67	29.75	5.47	34.2%	1223.0%	32.67
75.00	22.52	20.50	3.85	24.1%	730.6%	22.52
80.00	18.85	17.85	3.04	19.0%	573.4%	18.85
82.00	16.23	14.40	2.72	17.0%	481.6%	16.23
83.00	15.20	13.55	2.55	16.0%	445.6%	15.20
84.00	14.32	12.80	2.39	15.0%	414.8%	14.32
85.00	14.25	13.60	2.23	14.0%	407.9%	14.25
86.00	13.25	12.40	2.07	12.9%	374.9%	13.25
87.00	11.52	9.55	1.91	11.9%	322.2%	11.52
88.00	11.60	11.00	1.75	10.9%	320.8%	11.60
89.00	10.48	8.60	1.58	9.9%	286.5%	10.48
90.00	10.15	9.20	1.42	8.9%	274.4%	10.15
91.00	9.38	8.95	1.26	7.9%	250.8%	9.38
92.00	8.57	8.20	1.1	6.9%	226.7%	8.57
93.00	8.02	7.80	0.94	5.9%	209.8%	8.02
94.00	7.40	7.15	0.77	4.8%	191.6%	7.40
95.00	6.70	6.55	0.61	3.8%	171.6%	6.70
96.00	6.15	5.90	0.45	2.8%	155.9%	6.15
97.00	5.62	5.40	0.29	1.8%	141.0%	5.62
98.00	5.03	4.85	0.13	0.8%	124.9%	5.03
99.00	4.50	4.35	-0.04	-0.2%	110.6%	4.50
100.00	4.12	3.95	-0.2	-1.2%	100.3%	4.12
101.00	3.62	3.50	-0.36	-2.2%	87.2%	3.62
102.00	3.25	3.10	-0.52	-3.3%	77.5%	3.25
103.00	2.88	2.78	-0.68	-4.3%	68.0%	2.88
104.00	2.57	2.45	-0.85	-5.3%	60.1%	2.57
105.00	2.30	2.20	-1.01	-6.3%	53.3%	2.30
106.00	2.05	1.90	-1.17	-7.3%	47.1%	2.05
107.00	1.84	1.65	-1.33	-8.3%	41.8%	1.84
108.00	1.63	1.45	-1.49	-9.3%	36.7%	1.63
109.00	1.41	1.25	-1.65	-10.3%	31.5%	1.41
110.00	1.27	1.15	-1.82	-11.4%	28.1%	1.27
111.00	1.06	1.00	-1.98	-12.4%	23.2%	1.06
112.00	0.90	0.86	-2.14	-13.4%	19.6%	0.90
113.00	0.80	0.72	-2.3	-14.4%	17.2%	0.80
114.00	0.70	0.62	-2.46	-15.4%	14.9%	0.70
115.00	0.62	0.56	-2.63	-16.4%	13.1%	0.62
116.00	0.52	0.46	-2.79	-17.4%	10.9%	0.52
117.00	0.44	0.39	-2.95	-18.4%	9.2%	0.44
118.00	0.41	0.33	-3.11	-19.5%	8.5%	0.41
119.00	0.34	0.28	-3.27	-20.5%	7.0%	0.34
120.00	0.32	0.28	-3.44	-21.5%	6.5%	0.32
121.00	0.26	0.20	-3.6	-22.5%	5.2%	0.26
125.00	0.16	0.10	-4.24	-26.5%	3.1%	0.16
130.00	0.20	0.06	-5.05	-31.6%	3.7%	0.20
135.00	0.10	0.03	-5.86	-36.7%	1.8%	0.10
140.00	0.09	0.05	-6.67	-41.7%	1.6%	0.09
80.00	0.30	0.16	3.04	19.0%	9.1%	0.30
82.00	0.31	0.25	2.72	17.0%	9.2%	0.31
83.00	0.36	0.30	2.55	16.0%	10.6%	0.36
84.00	0.45	0.40	2.39	15.0%	13.0%	0.45
85.00	0.48	0.34	2.23	14.0%	13.7%	0.48
86.00	0.72	0.57	2.07	12.9%	20.4%	0.72
87.00	0.78	0.70	1.91	11.9%	21.8%	0.78
88.00	0.86	0.71	1.75	10.9%	23.8%	0.86
89.00	1.23	1.07	1.58	9.9%	33.6%	1.23
90.00	1.32	1.24	1.42	8.9%	35.7%	1.32
91.00	1.56	1.30	1.26	7.9%	41.7%	1.56
92.00	1.82	1.72	1.1	6.9%	48.1%	1.82
93.00	2.02	1.84	0.94	5.9%	52.9%	2.02
94.00	2.54	2.33	0.77	4.8%	65.8%	2.54
95.00	2.80	2.69	0.61	3.8%	71.7%	2.80
96.00	3.20	3.05	0.45	2.8%	81.1%	3.20
97.00	3.65	3.50	0.29	1.8%	91.6%	3.65
98.00	4.08	3.95	0.13	0.8%	101.3%	4.08
99.00	4.58	4.45	-0.04	-0.2%	112.6%	4.58
100.00	5.08	4.95	-0.2	-1.2%	123.6%	5.08
101.00	5.68	5.45	-0.36	-2.2%	136.8%	5.68
102.00	6.28	6.05	-0.52	-3.3%	149.8%	6.28
103.00	6.98	6.75	-0.68	-4.3%	164.9%	6.98
104.00	7.60	7.35	-0.85	-5.3%	177.8%	7.60
105.00	8.32	8.15	-1.01	-6.3%	192.8%	8.32
106.00	9.25	8.85	-1.17	-7.3%	212.3%	9.25
107.00	10.00	9.60	-1.33	-8.3%	227.4%	10.00
108.00	10.80	10.40	-1.49	-9.3%	243.3%	10.80
109.00	11.60	11.15	-1.65	-10.3%	259.0%	11.60
110.00	12.12	10.85	-1.82	-11.4%	268.1%	12.12
111.00	14.50	12.80	-1.98	-12.4%	317.9%	14.50
112.00	14.65	13.60	-2.14	-13.4%	318.3%	14.65
113.00	16.27	14.55	-2.3	-14.4%	350.4%	16.27
114.00	15.90	15.05	-2.46	-15.4%	339.4%	15.90
115.00	16.73	16.35	-2.63	-16.4%	354.0%	16.73
116.00	19.48	17.15	-2.79	-17.4%	408.6%	19.48
117.00	18.80	18.00	-2.95	-18.4%	391.0%	18.80
118.00	21.25	18.85	-3.11	-19.5%	438.2%	21.25
119.00	21.48	19.95	-3.27	-20.5%	439.2%	21.48
120.00	22.22	20.85	-3.44	-21.5%	450.6%	22.22
121.00	23.90	21.25	-3.6	-22.5%	480.6%	23.90
125.00	27.85	25.25	-4.24	-26.5%	542.1%	27.85
130.00	32.98	30.55	-5.05	-31.6%	617.3%	32.98
135.00	36.83	35.15	-5.86	-36.7%	663.8%	36.83

NOW — Cash-Secured Put & Wheel Strategy FAQ

What is the best NOW cash-secured put strike today?

OptionSpeed's scanner highlights NOW strikes that meet our three filters: annualized yield ≥ 50%, downside buffer ≥ 15%, and ATR/Distance ratio ≥ 2.5. Stars on this page mark strikes currently in our Super Stocks cache. As of this snapshot, the highest-yielding CSP candidate on NOW is the $100.00 strike at 445.3% annualized.

Is NOW a good wheel strategy stock right now?

NOW is trading at $98.78 with an ATR of $6.18. NOW is trading below all four moving averages — a downtrend. Next earnings report is July 22, 2026 (-2 days away). Wheel traders should consider closing or rolling CSP positions before earnings to avoid IV crush.

How much capital do I need to sell a NOW cash-secured put?

Cash-secured puts require you to hold enough cash to buy 100 shares at the strike price if assigned. For a $100.00 strike on NOW, you need $10,000 in cash per contract. Strikes closer to the current $98.78 price require more capital but offer higher premiums and lower assignment probability.

What does the wheel strategy look like on NOW?

The wheel on NOW follows three steps: (1) sell a CSP at a strike you'd be comfortable owning NOW at; (2) if assigned, you own 100 shares at the strike price; (3) sell covered calls against those shares to collect premium while waiting for the call to expire worthless or the stock to be called away. OptionSpeed tracks every step so you can see your rolling premium and realized P&L.

Should I close my NOW CSP before earnings?

Most wheel traders close or roll CSPs 1–2 days before earnings because implied volatility typically collapses after the announcement (IV crush). The premium you collected is largely an upfront payment for accepting that volatility risk. Holding through earnings exposes you to gap risk — even if your strike isn't breached, the IV drop alone can wipe out most of your collected premium.

What's a good buffer percentage for NOW puts?

Buffer percentage measures how far the strike is below the current stock price. For NOW at $98.78, a strike at $91.00 gives the largest downside buffer in our current chain. OptionSpeed flags strikes with ≥15% buffer as wheel-quality candidates. Lower buffer = higher premium but higher assignment probability.