ABNB wheel: cash-secured put & covered-call yields
Airbnb, Inc. Class A Common Stock · Industrials · $181.13 close on Nov 12, 2026
What the Nov 12, 2026 close says about ABNB
At 31.3% implied volatility, the options market is pricing a one-standard-deviation move of about $17.83 (9.8%) in ABNB by Dec 18, 2026, 36 days out.
Selling the $175 put (−0.34Δ) for $3.72 means assignment would leave a cost basis of $171.28, 5.4% below the $181.13 close.
The 64-day 0.30Δ put pays 1.1× the premium of the 36-day one for 1.8× the time — more premium per day on the 36-day contract ($0.103 vs $0.066).
At 0.30Δ on the Dec 18 expiry the put yields 2.13% on its strike and the call 2.24% on spot: puts and calls pay within 10% of each other on ABNB this session.
Moving down to the $165 put (−0.17Δ) buys 5.5% more room below spot and keeps 47% of the 0.30Δ premium.
Open interest in the stored window totals 25,397 contracts; the largest single line is the $190 call expiring Dec 18 with 2,757 (10.9% of the window).
By options volume ABNB ranks #273 of 679 names in our universe.
Near-the-money options volume (787) is 223% 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 ABNB
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $175 | −0.34 | $3.72 Nov 12 | $372.00 | $17,500 | 2.13% | 21.6% | $171.28 | 516 | 6 |
| 0.20Δ | $165 | −0.17 | $1.76 Nov 12 | $176.00 | $16,500 | 1.07% | 10.8% | $163.24 | 366 | 65 |
Snapshot #9289 · 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 | $170 | −0.29 | $4.20 Nov 12 | $420.00 | $17,000 | 2.47% | 14.1% | $165.80 | 259 | 1 |
| 0.20Δ | $165 | −0.22 | $3.25 Nov 12 | $325.00 | $16,500 | 1.97% | 11.2% | $161.75 | 516 | 39 |
Snapshot #9289 · session 2026-11-12 · captured 22:00 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 64
Covered calls on ABNB
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $190 | 0.34 | $4.06 Nov 12 | $406.00 | 2.24% | 22.7% | 7.14% | 72.4% | 2,757 | 63 |
| 0.20Δ | $200 | 0.17 | $1.65 Nov 12 | $165.00 | 0.91% | 9.2% | 11.33% | 114.9% | 2,545 | 43 |
Snapshot #9289 · 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 | $195 | 0.33 | $5.00 Nov 12 | $500.00 | 2.76% | 15.7% | 10.42% | 59.4% | 831 | 7 |
| 0.20Δ | $210 | 0.15 | $1.89 Nov 12 | $189.00 | 1.04% | 6.0% | 16.98% | 96.9% | 2,535 | 20 |
Snapshot #9289 · session 2026-11-12 · captured 22:00 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 64
ABNB volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 31.3%session 2026-11-12
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 25,397 contractssession 2026-11-12
- Largest open-interest line
- $190 call · Dec 18 · 2,757
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #273 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.
- 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.