APH wheel: cash-secured put & covered-call yields
Amphenol Corporation · Technology · $84.62 close on Sep 28, 2026
What the Sep 28, 2026 close says about APH
At 45.8% implied volatility, the options market is pricing a one-standard-deviation move of about $14.76 (17.4%) in APH by Nov 20, 2026, 53 days out.
Selling the $77.50 put (−0.27Δ) for $2.80 means assignment would leave a cost basis of $74.70, 11.7% below the $84.62 close.
The 81-day 0.30Δ put pays 1.5× the premium of the 53-day one for 1.5× the time — about the same premium per day either way.
At 0.30Δ on the Nov 20 expiry the put yields 3.61% on its strike and the call 3.19% on spot: puts pay 1.1× what calls do on APH this session.
Moving down to the $75 put (−0.22Δ) buys 3.0% more room below spot and keeps 73% of the 0.30Δ premium.
Open interest in the stored window totals 83,481 contracts; the largest single line is the $65 put expiring Nov 20 with 36,959 (44.3% of the window).
By options volume APH ranks #33 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 APH
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $77.50 | −0.27 | $2.80 Sep 28 | $280.00 | $7,750 | 3.61% | 24.9% | $74.70 | 1,273 | 29 |
| 0.20Δ | $75 | −0.22 | $2.05 Sep 28 | $205.00 | $7,500 | 2.73% | 18.8% | $72.95 | 932 | 33 |
Snapshot #62 · session 2026-09-28 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 53
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $77.50 | −0.29 | $4.20 Sep 28 | $420.00 | $7,750 | 5.42% | 24.4% | $73.30 | 240 | 2 |
| 0.20Δ | $72.50 | −0.19 | $2.45 Sep 28 | $245.00 | $7,250 | 3.38% | 15.2% | $70.05 | 500 | 15 |
Snapshot #62 · session 2026-09-28 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on APH
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $95 | 0.29 | $2.70 Sep 28 | $270.00 | 3.19% | 22.0% | 15.46% | 106.5% | 2,940 | 3,703 |
| 0.20Δ | $100 | 0.20 | $1.70 Sep 28 | $170.00 | 2.01% | 13.8% | 20.18% | 139.0% | 1,349 | 22 |
Snapshot #62 · session 2026-09-28 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 53
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $97.50 | 0.29 | $3.09 Sep 28 | $309.00 | 3.65% | 16.5% | 18.87% | 85.0% | 296 | 114 |
| 0.20Δ | $105 | 0.18 | $1.60 Sep 28 | $160.00 | 1.89% | 8.5% | 25.97% | 117.0% | 850 | 15 |
Snapshot #62 · session 2026-09-28 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
APH volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 45.8%session 2026-09-28
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Sep 28, 2026
- Open interest, stored window
- 83,481 contractssession 2026-09-28
- Largest open-interest line
- $65 put · Nov 20 · 36,959
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #33 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.