AEO wheel strategy & cash-secured put scanner. AEO is currently trading at $17.39 and trading above 2/4 key moving averages. This page shows the live AEO options chain across 4 expirations (2026-09-11 through 2026-10-02, DTE 5–26 days), optimized for cash-secured put and wheel strategy candidates. Next earnings: September 09, 2026 (2 days away). ⚠️ Earnings proximity — consider closing/rolling CSPs before announcement to avoid IV crush.
| Strike | Prem | ATR/Dist | Buffer% | Yield% |
|---|---|---|---|---|
| 9.00 | 0.04 | 12.44 | 48.2% | 32.4% |
| 11.00 | 0.07 | 9.48 | 36.7% | 46.5% |
| 11.50 | 0.01 | 8.74 | 33.9% | 6.3% |
| 12.00 | 0.02 | 7.99 | 31.0% | 12.2% |
| 12.50 | 0.02 | 7.25 | 28.1% | 11.7% |
| ⭐ 13.00 | 0.06 | 6.51 | 25.2% | 33.7% |
| 13.50 | 0.18 | 5.77 | 22.4% | 97.3% |
| ⭐ 14.00 | 0.15 | 5.03 | 19.5% | 78.2% |
| ⭐ 14.50 | 0.22 | 4.29 | 16.6% | 110.8% |
| 15.00 | 0.32 | 3.54 | 13.7% | 155.7% |
| 15.50 | 0.52 | 2.8 | 10.9% | 244.9% |
| 16.00 | 0.67 | 2.06 | 8.0% | 305.7% |
| 16.50 | 0.96 | 1.32 | 5.1% | 424.7% |
| 17.00 | 1.08 | 0.58 | 2.2% | 463.8% |
| LAST PRICE: $17.39 | ||||
| 17.50 | 1.36 | -0.16 | -0.6% | 567.3% |
| 18.00 | 1.02 | -0.9 | -3.5% | 413.7% |
| 18.50 | 0.84 | -1.65 | -6.4% | 331.5% |
| 19.00 | 0.62 | -2.39 | -9.3% | 238.2% |
| 19.50 | 0.55 | -3.13 | -12.1% | 205.9% |
| 20.00 | 0.44 | -3.87 | -15.0% | 160.6% |
| 20.50 | 0.40 | -4.61 | -17.9% | 142.4% |
| 21.00 | 0.32 | -5.35 | -20.8% | 111.2% |
| 21.50 | 0.33 | -6.1 | -23.6% | 112.0% |
| 22.00 | 0.60 | -6.84 | -26.5% | 199.1% |
| 22.50 | 0.19 | -7.58 | -29.4% | 61.6% |
| 23.00 | 0.22 | -8.32 | -32.3% | 69.8% |
| 24.00 | 0.13 | -9.8 | -38.0% | 39.5% |
| 25.00 | 0.03 | -11.29 | -43.8% | 8.8% |
| 26.00 | 0.01 | -12.77 | -49.5% | 2.8% |
| 30.00 | 0.01 | -18.7 | -72.5% | 2.4% |
| Strike | Prem | ATR/Dist | Buffer% | Yield% |
|---|---|---|---|---|
| 9.00 | 0.52 | 12.44 | 48.2% | 175.7% |
| 10.00 | 0.05 | 10.96 | 42.5% | 15.2% |
| 11.00 | 0.20 | 9.48 | 36.7% | 55.3% |
| 11.50 | 0.12 | 8.74 | 33.9% | 31.7% |
| 12.00 | 0.12 | 7.99 | 31.0% | 30.4% |
| 12.50 | 0.10 | 7.25 | 28.1% | 24.3% |
| ⭐ 13.00 | 0.15 | 6.51 | 25.2% | 35.1% |
| ⭐ 13.50 | 0.15 | 5.77 | 22.4% | 33.8% |
| 14.00 | 0.25 | 5.03 | 19.5% | 54.3% |
| ⭐ 14.50 | 0.24 | 4.29 | 16.6% | 50.3% |
| 15.00 | 0.43 | 3.54 | 13.7% | 87.2% |
| 15.50 | 0.59 | 2.8 | 10.9% | 115.8% |
| 16.00 | 0.78 | 2.06 | 8.0% | 148.3% |
| 16.50 | 1.00 | 1.32 | 5.1% | 184.3% |
| 17.00 | 1.16 | 0.58 | 2.2% | 207.5% |
| LAST PRICE: $17.39 | ||||
| 17.50 | 1.34 | -0.16 | -0.6% | 232.9% |
| 18.00 | 1.16 | -0.9 | -3.5% | 196.0% |
| 18.50 | 0.92 | -1.65 | -6.4% | 151.3% |
| 19.00 | 0.79 | -2.39 | -9.3% | 126.5% |
| 19.50 | 0.67 | -3.13 | -12.1% | 104.5% |
| 20.00 | 0.55 | -3.87 | -15.0% | 83.6% |
| 20.50 | 0.51 | -4.61 | -17.9% | 75.7% |
| 21.00 | 0.38 | -5.35 | -20.8% | 55.0% |
| 21.50 | 0.29 | -6.1 | -23.6% | 41.0% |
| 22.00 | 0.29 | -6.84 | -26.5% | 40.1% |
| 23.00 | 0.25 | -8.32 | -32.3% | 33.1% |
| 24.00 | 0.17 | -9.8 | -38.0% | 21.5% |
| 25.00 | 0.14 | -11.29 | -43.8% | 17.0% |
| 26.00 | 0.06 | -12.77 | -49.5% | 7.0% |
| Strike | Prem | ATR/Dist | Buffer% | Yield% |
|---|---|---|---|---|
| 9.00 | 0.52 | 12.44 | 48.2% | 111.0% |
| ⭐ 11.00 | 0.25 | 9.48 | 36.7% | 43.7% |
| 12.00 | 0.78 | 7.99 | 31.0% | 124.9% |
| 12.50 | 0.62 | 7.25 | 28.1% | 95.3% |
| 13.00 | 0.33 | 6.51 | 25.2% | 48.8% |
| ⭐ 13.50 | 0.28 | 5.77 | 22.4% | 39.8% |
| ⭐ 14.00 | 0.28 | 5.03 | 19.5% | 38.4% |
| ⭐ 14.50 | 0.46 | 4.29 | 16.6% | 60.9% |
| 15.00 | 0.46 | 3.54 | 13.7% | 58.9% |
| 15.50 | 0.64 | 2.8 | 10.9% | 79.3% |
| 16.00 | 0.82 | 2.06 | 8.0% | 98.5% |
| 16.50 | 1.07 | 1.32 | 5.1% | 124.6% |
| 17.00 | 1.20 | 0.58 | 2.2% | 135.6% |
| LAST PRICE: $17.39 | ||||
| 17.50 | 1.44 | -0.16 | -0.6% | 158.1% |
| 18.00 | 1.20 | -0.9 | -3.5% | 128.1% |
| 18.50 | 0.98 | -1.65 | -6.4% | 101.8% |
| 19.00 | 0.86 | -2.39 | -9.3% | 87.0% |
| 19.50 | 0.80 | -3.13 | -12.1% | 78.8% |
| 20.00 | 0.60 | -3.87 | -15.0% | 57.6% |
| 20.50 | 0.52 | -4.61 | -17.9% | 48.7% |
| 21.00 | 0.57 | -5.35 | -20.8% | 52.1% |
| 21.50 | 0.74 | -6.1 | -23.6% | 66.1% |
| 22.00 | 0.28 | -6.84 | -26.5% | 24.4% |
| 22.50 | 0.68 | -7.58 | -29.4% | 58.1% |
| 23.00 | 0.66 | -8.32 | -32.3% | 55.1% |
OptionSpeed's scanner highlights AEO 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 AEO is the $17.00 strike at 463.8% annualized.
AEO is trading at $17.39 with an ATR of $0.67. AEO is trading above 2/4 key moving averages. Next earnings report is September 09, 2026 (2 days away). Wheel traders should consider closing or rolling CSP positions before earnings to avoid IV crush.
Cash-secured puts require you to hold enough cash to buy 100 shares at the strike price if assigned. For a $17.00 strike on AEO, you need $1,700 in cash per contract. Strikes closer to the current $17.39 price require more capital but offer higher premiums and lower assignment probability.
The wheel on AEO follows three steps: (1) sell a CSP at a strike you'd be comfortable owning AEO 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.
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.
Buffer percentage measures how far the strike is below the current stock price. For AEO at $17.39, a strike at $16.00 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.
See also: cash-secured put primer · wheel strategy guide · today's Super Stocks picks · all 671 tickers
