ADI wheel: cash-secured put & covered-call yields
Analog Devices, Inc. · Technology · $412.85 close on Nov 2, 2026
What the Nov 2, 2026 close says about ADI
At 53.8% implied volatility, the options market is pricing a one-standard-deviation move of about $65.73 (15.9%) in ADI by Dec 4, 2026, 32 days out.
Open interest in the stored window totals 18,592 contracts; the largest single line is the $470 call expiring Jan 15 with 3,359 (18.1% of the window).
By options volume ADI ranks #240 of 661 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 ADI
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $370 | −0.21 | $8.00 Nov 2 | $800.00 | $37,000 | 2.16% | 24.7% | $362.00 | 0 | 2 |
Snapshot #6968 · session 2026-11-02 · 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 | $380 | −0.29 | $15.21 Nov 2 | $1,521.00 | $38,000 | 4.00% | 19.7% | $364.79 | 269 | 7 |
| 0.20Δ | $340 | −0.16 | $8.20 Nov 2 | $820.00 | $34,000 | 2.41% | 11.9% | $331.80 | 363 | 32 |
Snapshot #6968 · session 2026-11-02 · captured 22:10 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 74
Covered calls on ADI
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $450 | 0.33 | $14.80 Nov 2 | $1,480.00 | 3.58% | 40.9% | 12.58% | 143.5% | 4 | 1 |
| 0.20Δ | $475 | 0.20 | $7.75 Nov 2 | $775.00 | 1.88% | 21.4% | 16.93% | 193.1% | 0 | 3 |
Snapshot #6968 · session 2026-11-02 · 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 | $470 | 0.31 | $17.78 Nov 2 | $1,778.00 | 4.31% | 21.2% | 18.15% | 89.5% | 3,359 | 8 |
| 0.20Δ | $500 | 0.21 | $9.80 Nov 2 | $980.00 | 2.37% | 11.7% | 23.48% | 115.8% | 731 | 3 |
Snapshot #6968 · session 2026-11-02 · captured 22:10 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 74
ADI volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 53.8%session 2026-11-02
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Nov 2, 2026
- Open interest, stored window
- 18,592 contractssession 2026-11-02
- Largest open-interest line
- $470 call · Jan 15 · 3,359
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #240 of 661 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 (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.