LOW options — covered call & cash-secured put yields
Lowe's Companies · Consumer Discretionary
Top 5 covered-call strikes for LOW
Ranked by annualized yield. Updated every 5 minutes during market hours.
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Top 5 cash-secured puts for LOW
Sub-spot strikes ranked by annualized return on capital.
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About LOW options
Lowe's Companies (LOW) is a Consumer Discretionary listed company with modest implied volatility — predictable premiums with manageable risk. LOW pays a 1.8% dividend. Dividend-capture risk on short calls is moderate. Monitor ex-dividend timing when selling near-term calls.
For wheel-strategy traders, LOW is a solid wheel candidate. The modest implied volatility — predictable premiums with manageable risk means cash-secured puts collect meaningful premium, and the underlying business profile (Consumer Discretionary) makes it a name many income sellers would be comfortable being assigned at the right strike.
For income-strategy traders, the LOW 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 LOW
- Covered calls on LOW — if you own LOW shares. New to the strategy? Read the full covered-calls guide first.
- Cash-secured puts on LOW — if you have cash to deploy and would be comfortable owning LOW. See the cash-secured puts guide for mechanics.
- LOW 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 LOW right now?
The Top 5 list above ranks every covered-call strike across every upcoming expiration on LOW by annualized yield, refreshed every 5 minutes. Click any strike to open the calculator pre-filled with that contract.
Is LOW a good wheel-strategy stock?
For wheel-strategy traders, LOW is a solid wheel candidate. The modest implied volatility — predictable premiums with manageable risk means cash-secured puts collect meaningful premium, and the underlying business profile (Consumer Discretionary) makes it a name many income sellers would be comfortable being assigned at the right strike.
What delta should I sell on LOW?
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 modest implied volatility — predictable premiums with manageable risk, LOW works well across this range.
Does LOW pay a dividend, and does it affect my covered call?
LOW pays a 1.8% dividend. Dividend-capture risk on short calls is moderate. Monitor ex-dividend timing when selling near-term calls.