The wheel on COST
Costco Wholesale was trading at $919.85 at the September 30, 2026 snapshot. A wheel needs both halves, a put worth selling and a call above the resulting cost basis worth writing, and the last scan of the COST chain did not produce both. The two legs are on their own pages below.
Numbers on this page come from a snapshot taken on September 30, 2026. They are not live quotes and are not refreshed when you load the page.
The wheel is one loop: sell a cash-secured put, take assignment if the stock comes to you, write a covered call above the resulting cost basis, and repeat when the shares are called away. It needs a liquid chain on both sides, and on the last refresh COST did not give one.
Both sides of the bar
What the premium is priced off
19% at the money is a normal tape for COST. The premium is fair, not generous.
Dates that matter in this window
The earnings calendar was checked and came back clean for the 45-day window. Worth confirming yourself before you write anything: calendars move, and an unconfirmed date is not the same as no date. The stock pays about 0.6% a year, and no ex-dividend date was confirmed inside this window.
Questions people actually ask
How much capital does the wheel on COST need?
Strike times 100 per contract for the put leg, then 100 shares once assigned. The last snapshot had no complete cycle to price, so there is no figure to quote for COST here.
Is COST a good wheel stock?
The honest filters are: would you own 100 shares of it, is the chain liquid enough to get out of, and does the premium pay you for the gap risk. On the September 30, 2026 snapshot the at-the-money implied vol was 19% and the stock paid about 0.6% a year while you hold the shares. Those are inputs. The decision is yours, and this page is not making it.
What happens if COST keeps falling after assignment?
You own the shares at your cost basis and the market does not care what that number is. The wheel does not protect against a decline, it just gets you in a little cheaper than a buyer at the current price and pays you to wait. That is the entire edge, and it is small. See the wheel calculator to run the cycle with your own basis.
None of these is a pick. This is a dated snapshot of the COST chain from September 30, 2026, and an option chain from last week is history, not a quote.