ARKK wheel: cash-secured put & covered-call yields
ARK Innovation ETF · ETFs · $76.50 close on Nov 12, 2026
What the Nov 12, 2026 close says about ARKK
At 46.0% implied volatility, the options market is pricing a one-standard-deviation move of about $11.04 (14.4%) in ARKK by Dec 18, 2026, 36 days out.
Selling the $71 put (−0.26Δ) for $1.68 means assignment would leave a cost basis of $69.32, 9.4% below the $76.50 close.
The 64-day 0.30Δ put pays 1.5× the premium of the 36-day one for 1.8× the time — more premium per day on the 36-day contract ($0.047 vs $0.039).
At 0.30Δ on the Dec 18 expiry the put yields 2.37% on its strike and the call 2.35% on spot: puts and calls pay within 10% of each other on ARKK this session.
Moving down to the $68 put (−0.18Δ) buys 3.9% more room below spot and keeps 56% of the 0.30Δ premium.
Open interest in the stored window totals 115,600 contracts; the largest single line is the $85 call expiring Jan 15 with 12,582 (10.9% of the window).
By options volume ARKK ranks #152 of 679 names in our universe.
Near-the-money options volume (902) is 46% 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 ARKK
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $71 | −0.26 | $1.68 Nov 12 | $168.00 | $7,100 | 2.37% | 24.0% | $69.32 | 209 | 1 |
| 0.20Δ | $68 | −0.18 | $0.94 Nov 12 | $94.00 | $6,800 | 1.38% | 14.0% | $67.06 | 111 | 1 |
Snapshot #9307 · 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 | $70 | −0.26 | $2.50 Nov 12 | $250.00 | $7,000 | 3.57% | 20.4% | $67.50 | 1,856 | 24 |
| 0.20Δ | $68 | −0.21 | $1.95 Nov 12 | $195.00 | $6,800 | 2.87% | 16.4% | $66.05 | 88 | 4 |
Snapshot #9307 · session 2026-11-12 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 64
Covered calls on ARKK
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $82 | 0.33 | $1.80 Nov 12 | $180.00 | 2.35% | 23.9% | 9.54% | 96.8% | 3,656 | 14 |
| 0.20Δ | $85 | 0.23 | $1.23 Nov 12 | $123.00 | 1.61% | 16.3% | 12.72% | 129.0% | 4,700 | 253 |
Snapshot #9307 · 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 | $85 | 0.30 | $2.07 Nov 12 | $207.00 | 2.71% | 15.4% | 13.82% | 78.8% | 12,582 | 156 |
| 0.20Δ | $89 | 0.20 | $1.17 Nov 12 | $117.00 | 1.53% | 8.7% | 17.87% | 101.9% | 2,065 | 150 |
Snapshot #9307 · session 2026-11-12 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 64
ARKK volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 46.0%session 2026-11-12
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 115,600 contractssession 2026-11-12
- Largest open-interest line
- $85 call · Jan 15 · 12,582
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #152 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.