APH wheel: cash-secured put & covered-call yields
Amphenol Corporation · Technology · $79.62 close on Nov 12, 2026
What the Nov 12, 2026 close says about APH
At 46.7% implied volatility, the options market is pricing a one-standard-deviation move of about $11.69 (14.7%) in APH by Dec 18, 2026, 36 days out.
Selling the $75 put (−0.31Δ) for $2.35 means assignment would leave a cost basis of $72.65, 8.8% below the $79.62 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 ($0.065 vs $0.041).
At 0.30Δ on the Dec 18 expiry the put yields 3.13% on its strike and the call 2.76% on spot: puts pay 1.1× what calls do on APH this session.
Moving down to the $70 put (−0.18Δ) buys 6.3% more room below spot and keeps 55% of the 0.30Δ premium.
Open interest in the stored window totals 70,736 contracts; the largest single line is the $80 call expiring Dec 18 with 7,565 (10.7% of the window).
By options volume APH ranks #23 of 679 names in our universe.
Near-the-money options volume (644) is 90% below 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 APH
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $75 | −0.31 | $2.35 Nov 12 | $235.00 | $7,500 | 3.13% | 31.8% | $72.65 | 1,454 | 23 |
| 0.20Δ | $70 | −0.18 | $1.30 Nov 12 | $130.00 | $7,000 | 1.86% | 18.8% | $68.70 | 3,804 | 37 |
Snapshot #9302 · session 2026-11-12 · captured 22:01 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 | $72.50 | −0.27 | $2.65 Nov 12 | $265.00 | $7,250 | 3.66% | 20.8% | $69.85 | 1,587 | 216 |
| 0.20Δ | $70 | −0.22 | $2.25 Nov 12 | $225.00 | $7,000 | 3.21% | 18.3% | $67.75 | 1,896 | 12 |
Snapshot #9302 · session 2026-11-12 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 64
Covered calls on APH
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $87.50 | 0.29 | $2.20 Nov 12 | $220.00 | 2.76% | 28.0% | 12.66% | 128.4% | 2,440 | 115 |
| 0.20Δ | $90 | 0.22 | $1.20 Nov 12 | $120.00 | 1.51% | 15.3% | 14.54% | 147.5% | 5,439 | 133 |
Snapshot #9302 · session 2026-11-12 · captured 22:01 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 | $90 | 0.30 | $2.43 Nov 12 | $243.00 | 3.05% | 17.4% | 16.09% | 91.8% | 1,518 | 20 |
| 0.20Δ | $95 | 0.19 | $1.65 Nov 12 | $165.00 | 2.07% | 11.8% | 21.39% | 122.0% | 4,987 | 8 |
Snapshot #9302 · session 2026-11-12 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 64
APH volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 46.7%session 2026-11-12
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- Ex-div Dec 22, 2026 · $0.15 declaredchecked Nov 9, 2026
- Open interest, stored window
- 70,736 contractssession 2026-11-12
- Largest open-interest line
- $80 call · Dec 18 · 7,565
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #23 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.