GME options — covered call & cash-secured put yields
GameStop Corp. · Consumer Discretionary — Retail
Top 5 covered-call strikes for GME
Ranked by annualized yield. Updated every 5 minutes during market hours.
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Top 5 cash-secured puts for GME
Sub-spot strikes ranked by annualized return on capital.
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About GME options
GameStop Corp. (GME) is a Consumer Discretionary — Retail listed company with very high implied volatility — premium income is rich but tail risk demands tight position sizing. GME does not currently pay a dividend, so ex-dividend early-assignment risk on short calls is not a concern.
For wheel-strategy traders, GME is a high-risk wheel candidate that demands tight position sizing. The very high implied volatility — premium income is rich but tail risk demands tight position sizing means cash-secured puts collect meaningful premium, and the underlying business profile (Consumer Discretionary — Retail) makes it a name many income sellers would be comfortable being assigned at the right strike.
For income-strategy traders, the GME option chain typically supports both conservative (delta around 0.20) and aggressive (delta around 0.35) premium-selling setups. The Live Opportunities ranking above scans every active expiration and surfaces the highest-yielding contracts by annualized return.
Income strategies on GME
- Covered calls on GME — if you own GME shares. New to the strategy? Read the full covered-calls guide first.
- Cash-secured puts on GME — if you have cash to deploy and would be comfortable owning GME. See the cash-secured puts guide for mechanics.
- GME wheel strategy — for repeating CSP → assignment → covered call → called-away cycles. The complete wheel-strategy guide covers stock selection and cycle math.
Related tickers
Other Consumer Discretionary names with similar liquidity profile:
Frequently asked questions
What are the best covered-call strikes for GME right now?
The Top 5 list above ranks every covered-call strike across every upcoming expiration on GME by annualized yield, refreshed every 5 minutes. Click any strike to open the calculator pre-filled with that contract.
Is GME a good wheel-strategy stock?
For wheel-strategy traders, GME is a high-risk wheel candidate that demands tight position sizing. The very high implied volatility — premium income is rich but tail risk demands tight position sizing means cash-secured puts collect meaningful premium, and the underlying business profile (Consumer Discretionary — Retail) makes it a name many income sellers would be comfortable being assigned at the right strike.
What delta should I sell on GME?
Most income sellers target a 0.20 to 0.35 delta strike. Conservative sellers stay near 0.20 (lower yield, lower assignment risk). Aggressive sellers go to 0.35 (higher yield, higher assignment risk). With very high implied volatility — premium income is rich but tail risk demands tight position sizing, GME works well across this range.
Does GME pay a dividend, and does it affect my covered call?
GME does not currently pay a dividend, so ex-dividend early-assignment risk on short calls is not a concern.