Options Earnings Calendar
Know when to sell premium — and when to wait. Earnings are the biggest risk for wheel traders. Use this calendar to avoid selling into binary events and find stocks with a clear runway after reporting.
Upcoming Earnings
| Ticker▲ | Company | Earnings Date▲ | Time | Current Price▲ | Wheel Status |
|---|---|---|---|---|---|
Recently Reported — Premium Selling Window Open
Reported in the last 14 days · IV crush has passed · Clear runway to next earnings
| Ticker▲ | Reported Date▼ | Result▲ | Price Move▲ | Action | ||
|---|---|---|---|---|---|---|
Why Earnings Matter for Options Sellers
Earnings announcements are the single largest source of overnight gap risk for options sellers. Understanding the earnings cycle is critical for any wheel trader who wants to protect their premium income.
Before Earnings: The IV Trap
IV spikes before earnings inflate premiums — making them look unusually attractive. This is a trap. The elevated premium exists because the market is pricing in a 5-15% move. Selling puts or calls that span an earnings date exposes you to overnight gap risk that can wipe out months of premium income in a single session.
After Earnings: The Smart Window
Post-earnings is the ideal time to start a new wheel position. IV has crushed back to normal levels, the binary event has passed, and the stock has established a new direction. You get a clean 90-day runway to the next earnings with no surprise catalysts. This is where disciplined wheel traders make their money.
The Earnings Playbook for Wheel Traders
- Check the calendar before selling any option. Never sell a contract that expires after an earnings date.
- Find the IV crush window — stocks that reported in the last 14 days are in the sweet spot for new positions.
- Target 30-45 DTE expirations that land well before the next earnings cycle (~90 days out).
- If already in a position when earnings approach, consider closing early or rolling to an expiration before the report date.
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Frequently Asked Questions
Should I sell options before earnings?
Generally no. While pre-earnings premiums look attractive due to elevated IV, the risk of a large gap move outweighs the extra premium. Most wheel traders close positions before earnings or choose expirations that land before the report date.
What is the best time to start a wheel position?
The ideal time is 1-2 weeks after a company reports earnings. IV has normalized, the stock has found its new range, and you have roughly 90 days of runway before the next earnings event. Look for the 'Recently Reported' section above for current opportunities.
How long after earnings should I wait to sell a put?
A few days to two weeks is typical. Immediately after earnings, IV may still be slightly elevated (the 'IV crush' is mostly priced in by open). Waiting 2-3 trading days lets the stock settle and gives you a better read on support levels for strike selection.
Options involve risk and are not suitable for all investors. All calculations are estimates — actual results will vary. Not financial advice. Full disclosure