Wheel strategy · $AKAM
Wheeling $AKAM covered calls & cash-secured puts
Akamai Technologies, Inc. last traded at $85.40 (Nov 13, 2026). The featured monthly expiry is Dec 18, 2026, 34 days out.
Price
$85.40
52-week $77.37 – $165.45
Volatility
57%
Implied, at the money
Expected move
±$14.82
±17.3% to Dec 18, 2026
Dividend yield
None
Trailing 12 months
Next earnings
Wk of Feb 15
01
The numbers that matter
What a wheel seller checks before opening a trade.
Volatility & expected move
Implied volatility of 57% implies a one-standard-deviation move of about ±$14.82 (17.3%) by Dec 18, 2026 — a range of roughly $70.58 to $100.22.
3-month historical volatility: 60%.
Dividends
$AKAM paid no dividend in the last 12 months.
Earnings
Next report expected: Wk of Feb 15
The next report is after the Dec 18, 2026 expiry — a ~30-day trade avoids it.
02
Sample trades at ~30 days
One contract at the listed strike closest to 30 delta (its actual delta is shown), computed with the YieldCove calculator’s maths.
Cash-secured put
- Strike
- $80.00
- Delta (this strike)
- 0.32
- Premium
- $3.50
- Cash secured
- $8,000.00
- Credit collected
- $350.00
- Return on capital
- 4.38% · 47.0% annualised
- Breakeven
- $76.50
- Cushion to breakeven
- 10.4%
- Chance of assignment
- 39%
Premium = last trade on Nov 13, 2026 (delayed; the live bid/ask can differ).
Open in the calculatorCovered call
- Strike
- $95.00
- Delta (this strike)
- 0.30
- Premium
- $2.45
- Share cost
- $8,540.00
- Credit collected
- $245.00
- Return on capital
- 2.87% · 30.8% annualised
- If called away (this cycle)
- 14.11%
- Breakeven
- $82.95
- Chance of being called
- 23%
Assumes 100 shares bought at today’s price. Premium = last trade on Nov 13, 2026 (delayed; the live bid/ask can differ).
Open in the calculator03
How the wheel works on $AKAM
Sell a cash-secured put. At a $80.00 strike you would collect about $3.50 per share and need $8,000.00 set aside. If $AKAM stays above $80.00 until Dec 18, 2026, you keep the premium and can sell another put.
If assigned, you own 100 shares. Your effective cost is the strike minus the premium — $76.50 in the example above — not the strike itself.
Sell covered calls above your cost. A $95.00 call would pay about $2.45 per share; if $AKAM finishes above $95.00, the shares are called away and the cycle starts again.
$AKAM sits in the middle of the volatility range: premiums are meaningful and moves can be sharp. Position size matters more than strike selection here.
04
YieldCove research on $AKAM
Akamai: cloud growth meets a margin and leverage test
Akamai is turning its global edge network into a security and AI-cloud platform. The opportunity is credible, but the build-out is pressuring margins and free cash flow while convertible debt and execution risk rise.
Read the research05
Common questions
What the numbers mean — and what they leave out.
- What strike should I use to wheel $AKAM?
- Many wheel sellers start near 30 delta, about 30 days out. With $AKAM at $85.40, that was roughly a $80.00 put and a $95.00 covered call for the Dec 18, 2026 expiry at the last refresh. Pick a put strike you would genuinely be happy to own the stock at.
- How much money do I need to wheel $AKAM?
- One cash-secured put reserves 100 × the strike: about $8,000.00 at a $80.00 strike. That cash stays locked until the put expires, is closed, or you are assigned.
- Does $AKAM report earnings before the next monthly expiry?
- No — the next report (Wk of Feb 15) is after the Dec 18, 2026 expiry.
- Does $AKAM pay a dividend, and why does it matter for the wheel?
- It paid no dividend in the last 12 months, so the income comes from option premium alone — and there is no ex-dividend early-assignment risk on covered calls.
- Is wheeling $AKAM safe?
- No options strategy is risk-free. The wheel’s main risk is owning 100 shares after a large drop: premium cushions a fall, it does not prevent one. This page is educational and not a recommendation to trade $AKAM.
06
Keep exploring
Track this wheel free
Log the put, the assignment and the calls in one place: YieldCove tracks premium, cost basis and annualised return across the whole cycle — free.
Data: delayed Yahoo Finance prices and option trades, Nasdaq/FMP earnings calendars and the YieldCove catalyst roadmap; refreshed every few hours. As of Nov 13, 2026.
Educational content only — not financial advice or a recommendation to buy or sell $AKAM or any option. Options involve risk and are not suitable for every investor. Market data is delayed and may be incomplete. Full disclaimer
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