ABBV wheel: cash-secured put & covered-call yields
ABBVIE INC. · Healthcare · $294.45 close on Nov 12, 2026
What the Nov 12, 2026 close says about ABBV
At 24.7% implied volatility, the options market is pricing a one-standard-deviation move of about $22.87 (7.8%) in ABBV by Dec 18, 2026, 36 days out.
Open interest in the stored window totals 38,597 contracts; the largest single line is the $300 call expiring Dec 18 with 13,293 (34.4% of the window).
By options volume ABBV ranks #324 of 679 names in our universe.
Near-the-money options volume (1.7k) is 2556% above its 5-session average.
The builder re-quotes every leg from the live chain when it opens; tracking is free to start.
Cash-secured puts on ABBV
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $280 | −0.25 | $3.55 Nov 12 | $355.00 | $28,000 | 1.27% | 12.9% | $276.45 | 545 | 62 |
Snapshot #9288 · session 2026-11-12 · captured 22:00 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 36
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $280 | −0.30 | $6.40 Nov 12 | $640.00 | $28,000 | 2.29% | 13.0% | $273.60 | 672 | 20 |
| 0.20Δ | $270 | −0.20 | $3.80 Nov 12 | $380.00 | $27,000 | 1.41% | 8.0% | $266.20 | 1,125 | 36 |
Snapshot #9288 · session 2026-11-12 · captured 22:00 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 64
Covered calls on ABBV
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $310 | 0.28 | $3.95 Nov 12 | $395.00 | 1.34% | 13.6% | 6.62% | 67.1% | 1,423 | 951 |
| 0.20Δ | $320 | 0.16 | $1.80 Nov 12 | $180.00 | 0.61% | 6.2% | 9.29% | 94.2% | 1,313 | 103 |
Snapshot #9288 · session 2026-11-12 · captured 22:00 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 36
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $310 | 0.35 | $7.10 Nov 12 | $710.00 | 2.41% | 13.8% | 7.69% | 43.9% | 1,586 | 46 |
| 0.20Δ | $330 | 0.16 | $2.56 Nov 12 | $256.00 | 0.87% | 5.0% | 12.94% | 73.8% | 856 | 34 |
Snapshot #9288 · session 2026-11-12 · captured 22:00 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 64
ABBV volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 24.7%session 2026-11-12
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- Ex-div Jan 15, 2027 · $1.82 declaredchecked Nov 9, 2026
- Open interest, stored window
- 38,597 contractssession 2026-11-12
- Largest open-interest line
- $300 call · Dec 18 · 13,293
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #324 of 679 optionable names by options volume
How these numbers are made
One end-of-day snapshot per session from a 15-minute-delayed feed. A premium is a contract’s last trade, used only if it printed that session, sits above intrinsic value and is in order with its neighbours; deltas are the feed’s own. Expiries are the first at least 30 and 60 days out, and nothing under 30 days is annualized. Not investment advice. Full methodology.
- No contract near 0.30Δ traded this session
- We are building our own daily implied-volatility history (34 of 252 sessions so far); IV rank and percentile need a full year of it.
- Our data provider does not license announced earnings dates, and we do not publish estimates.
- Our data feed carries last trades, not live bid/ask quotes, so we cannot show a spread.