EPD wheel strategy & cash-secured put scanner. EPD is currently trading at $36.52 and mixed signals vs moving averages (1/4 above). This page shows the live EPD options chain across 5 expirations (2026-10-23 through 2026-11-20, DTE 1–29 days), optimized for cash-secured put and wheel strategy candidates. Next earnings: October 29, 2026 (6 days away). ⚠️ Earnings proximity — consider closing/rolling CSPs before announcement to avoid IV crush.
| Strike | Prem | ATR/Dist | Buffer% | Yield% |
|---|---|---|---|---|
| 25.00 | 0.05 | 18.14 | 31.5% | 73.0% |
| 26.00 | 0.29 | 16.57 | 28.8% | 407.1% |
| 29.00 | 0.29 | 11.84 | 20.6% | 365.0% |
| 30.00 | 0.29 | 10.27 | 17.9% | 352.8% |
| 31.00 | 0.20 | 8.69 | 15.1% | 235.5% |
| 32.00 | 0.29 | 7.12 | 12.4% | 330.8% |
| 33.00 | 0.29 | 5.54 | 9.6% | 320.8% |
| 33.50 | 0.29 | 4.76 | 8.3% | 316.0% |
| 34.00 | 0.29 | 3.97 | 6.9% | 311.3% |
| 34.50 | 0.30 | 3.18 | 5.5% | 317.4% |
| 35.00 | 0.25 | 2.39 | 4.2% | 260.7% |
| 35.50 | 0.01 | 1.61 | 2.8% | 10.3% |
| 36.00 | 0.04 | 0.82 | 1.4% | 40.6% |
| 36.50 | 0.18 | 0.03 | 0.1% | 180.0% |
| LAST PRICE: $36.52 | ||||
| 37.00 | 0.15 | -0.76 | -1.3% | 148.0% |
| 37.50 | 0.06 | -1.54 | -2.7% | 58.4% |
| 38.00 | 0.01 | -2.33 | -4.1% | 9.6% |
| 38.50 | 0.08 | -3.12 | -5.4% | 75.8% |
| 39.00 | 0.07 | -3.91 | -6.8% | 65.5% |
| 39.50 | 0.15 | -4.69 | -8.2% | 138.6% |
| 40.00 | 0.23 | -5.48 | -9.5% | 209.9% |
| 41.00 | 0.25 | -7.06 | -12.3% | 222.6% |
| 44.00 | 0.49 | -11.78 | -20.5% | 406.5% |
| Strike | Prem | ATR/Dist | Buffer% | Yield% |
|---|---|---|---|---|
| 25.00 | 0.26 | 18.14 | 31.5% | 47.4% |
| 29.00 | 0.30 | 11.84 | 20.6% | 47.2% |
| 30.00 | 0.01 | 10.27 | 17.9% | 1.5% |
| 31.00 | 0.10 | 8.69 | 15.1% | 14.7% |
| 32.00 | 0.28 | 7.12 | 12.4% | 39.9% |
| 33.00 | 0.19 | 5.54 | 9.6% | 26.3% |
| 34.00 | 0.08 | 3.97 | 6.9% | 10.7% |
| 34.50 | 0.08 | 3.18 | 5.5% | 10.6% |
| 35.00 | 0.14 | 2.39 | 4.2% | 18.2% |
| 35.50 | 0.22 | 1.61 | 2.8% | 28.3% |
| 36.00 | 0.46 | 0.82 | 1.4% | 58.3% |
| 36.50 | 0.80 | 0.03 | 0.1% | 100.0% |
| LAST PRICE: $36.52 | ||||
| 37.00 | 0.22 | -0.76 | -1.3% | 27.1% |
| 37.50 | 0.13 | -1.54 | -2.7% | 15.8% |
| 38.00 | 0.07 | -2.33 | -4.1% | 8.4% |
| 39.00 | 0.02 | -3.91 | -6.8% | 2.3% |
| 40.00 | 0.02 | -5.48 | -9.5% | 2.3% |
| 41.00 | 0.01 | -7.06 | -12.3% | 1.1% |
| 42.00 | 0.29 | -8.63 | -15.0% | 31.5% |
| Strike | Prem | ATR/Dist | Buffer% | Yield% |
|---|---|---|---|---|
| 29.00 | 0.32 | 11.84 | 20.6% | 26.9% |
| 30.00 | 0.03 | 10.27 | 17.9% | 2.4% |
| 31.00 | 0.35 | 8.69 | 15.1% | 27.5% |
| 32.00 | 0.34 | 7.12 | 12.4% | 25.9% |
| 33.00 | 0.13 | 5.54 | 9.6% | 9.6% |
| 34.00 | 0.10 | 3.97 | 6.9% | 7.2% |
| 35.00 | 0.28 | 2.39 | 4.2% | 19.5% |
| 36.00 | 0.64 | 0.82 | 1.4% | 43.3% |
| LAST PRICE: $36.52 | ||||
| 37.00 | 0.32 | -0.76 | -1.3% | 21.0% |
| 38.00 | 0.10 | -2.33 | -4.1% | 6.4% |
| 39.00 | 0.15 | -3.91 | -6.8% | 9.4% |
| 40.00 | 0.09 | -5.48 | -9.5% | 5.5% |
| 41.00 | 0.29 | -7.06 | -12.3% | 17.2% |
OptionSpeed's scanner highlights EPD 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 EPD is the $34.50 strike at 317.4% annualized.
EPD is trading at $36.52 with an ATR of $0.64. EPD is mixed signals vs moving averages (1/4 above). Next earnings report is October 29, 2026 (6 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 $34.50 strike on EPD, you need $3,450 in cash per contract. Strikes closer to the current $36.52 price require more capital but offer higher premiums and lower assignment probability.
The wheel on EPD follows three steps: (1) sell a CSP at a strike you'd be comfortable owning EPD 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 EPD at $36.52, a strike at $34.00 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
