ABNB wheel: cash-secured put & covered-call yields
Airbnb, Inc. Class A Common Stock · Industrials · $156.08 close on Sep 28, 2026
What the Sep 28, 2026 close says about ABNB
At 38.8% implied volatility, the options market is pricing a one-standard-deviation move of about $17.93 (11.5%) in ABNB by Oct 30, 2026, 32 days out.
Selling the $149 put (−0.31Δ) for $3.24 means assignment would leave a cost basis of $145.76, 6.6% below the $156.08 close.
The 81-day 0.30Δ put pays 1.9× the premium of the 32-day one for 2.5× the time — more premium per day on the 32-day contract ($0.101 vs $0.074).
At 0.30Δ on the Oct 30 expiry the put yields 2.17% on its strike and the call 1.72% on spot: puts pay 1.3× what calls do on ABNB this session.
Moving down to the $143 put (−0.21Δ) buys 3.8% more room below spot and keeps 46% of the 0.30Δ premium.
Open interest in the stored window totals 13,513 contracts; the largest single line is the $135 put expiring Dec 18 with 2,507 (18.6% of the window).
By options volume ABNB ranks #206 of 441 names in our universe.
The builder re-quotes every leg from the live chain when it opens; tracking is free to start.
Cash-secured puts on ABNB
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $149 | −0.31 | $3.24 Sep 28 | $324.00 | $14,900 | 2.17% | 24.8% | $145.76 | 2 | 1 |
| 0.20Δ | $143 | −0.21 | $1.50 Sep 28 | $150.00 | $14,300 | 1.05% | 12.0% | $141.50 | 0 | 5 |
Snapshot #49 · session 2026-09-28 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 32
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $145 | −0.31 | $6.01 Sep 28 | $601.00 | $14,500 | 4.14% | 18.7% | $138.99 | 281 | 2 |
| 0.20Δ | $135 | −0.19 | $3.40 Sep 28 | $340.00 | $13,500 | 2.52% | 11.3% | $131.60 | 2,507 | 8 |
Snapshot #49 · session 2026-09-28 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on ABNB
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $167.50 | 0.28 | $2.68 Sep 28 | $268.00 | 1.72% | 19.6% | 9.03% | 103.0% | 42 | 7 |
| 0.20Δ | $175 | 0.18 | $1.30 Sep 28 | $130.00 | 0.83% | 9.5% | 12.95% | 147.8% | 188 | 1 |
Snapshot #49 · session 2026-09-28 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 32
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $175 | 0.31 | $5.35 Sep 28 | $535.00 | 3.43% | 15.4% | 15.55% | 70.1% | 540 | 98 |
| 0.20Δ | $185 | 0.21 | $3.30 Sep 28 | $330.00 | 2.11% | 9.5% | 20.64% | 93.0% | 431 | 2 |
Snapshot #49 · session 2026-09-28 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
ABNB volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 38.8%session 2026-09-28
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Sep 28, 2026
- Open interest, stored window
- 13,513 contractssession 2026-09-28
- Largest open-interest line
- $135 put · Dec 18 · 2,507
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #206 of 441 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.
- We are building our own daily implied-volatility history (1 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.