ABT wheel: cash-secured put & covered-call yields
Abbott Laboratories · Healthcare · $100.10 close on Oct 5, 2026
What the Oct 5, 2026 close says about ABT
At 39.2% implied volatility, the options market is pricing a one-standard-deviation move of about $11.62 (11.6%) in ABT by Nov 6, 2026, 32 days out.
Selling the $96 put (−0.30Δ) for $2.30 means assignment would leave a cost basis of $93.70, 6.4% below the $100.10 close.
The 74-day 0.30Δ put pays 1.2× the premium of the 32-day one for 2.3× the time — more premium per day on the 32-day contract ($0.072 vs $0.036).
At 0.30Δ on the Nov 6 expiry the put yields 2.40% on its strike and the call 1.75% on spot: puts pay 1.4× what calls do on ABT this session.
Moving down to the $94 put (−0.23Δ) buys 2.0% more room below spot and keeps 63% of the 0.30Δ premium.
Open interest in the stored window totals 18,652 contracts; the largest single line is the $105 call expiring Dec 18 with 4,963 (26.6% of the window).
ABT goes ex-dividend on Oct 15, 2026 ($0.63 declared), inside the Nov 6 covered-call window. A short call that is in the money before an ex-date can be assigned early.
By options volume ABT ranks #118 of 514 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 ABT
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $96 | −0.30 | $2.30 Oct 5 | $230.00 | $9,600 | 2.40% | 27.3% | $93.70 | 51 | 1 |
| 0.20Δ | $94 | −0.23 | $1.44 Oct 5 | $144.00 | $9,400 | 1.53% | 17.5% | $92.56 | 7 | 3 |
Snapshot #1307 · session 2026-10-05 · captured 22:10 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 | $95 | −0.30 | $2.67 Oct 5 | $267.00 | $9,500 | 2.81% | 13.9% | $92.33 | 416 | 7 |
| 0.20Δ | $90 | −0.18 | $1.45 Oct 5 | $145.00 | $9,000 | 1.61% | 7.9% | $88.55 | 675 | 12 |
Snapshot #1307 · session 2026-10-05 · captured 22:10 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 74
Covered calls on ABT
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $105 | 0.32 | $1.75 Oct 5 | $175.00 | 1.75% | 19.9% | 6.64% | 75.8% | 282 | 9 |
| 0.20Δ | $108 | 0.20 | $1.10 Oct 5 | $110.00 | 1.10% | 12.5% | 8.99% | 102.6% | 2 | 11 |
Snapshot #1307 · session 2026-10-05 · captured 22:10 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 | $110 | 0.25 | $1.75 Oct 5 | $175.00 | 1.75% | 8.6% | 11.64% | 57.4% | 1,484 | 39 |
| 0.20Δ | $115 | 0.15 | $0.90 Oct 5 | $90.00 | 0.90% | 4.4% | 15.78% | 77.9% | 4,815 | 7,847 |
Snapshot #1307 · session 2026-10-05 · captured 22:10 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 74
ABT volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 39.2%session 2026-10-05
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- Ex-div Oct 15, 2026 · $0.63 declaredchecked Oct 5, 2026
- Open interest, stored window
- 18,652 contractssession 2026-10-05
- Largest open-interest line
- $105 call · Dec 18 · 4,963
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #118 of 514 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.