AVGO wheel: cash-secured put & covered-call yields
Broadcom Inc. Common Stock · Technology · $364.36 close on Nov 12, 2026
What the Nov 12, 2026 close says about AVGO
At 54.5% implied volatility, the options market is pricing a one-standard-deviation move of about $62.37 (17.1%) in AVGO by Dec 18, 2026, 36 days out.
Selling the $340 put (−0.31Δ) for $14.30 means assignment would leave a cost basis of $325.70, 10.6% below the $364.36 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 ($0.397 vs $0.238).
At 0.30Δ on the Dec 18 expiry the put yields 4.21% on its strike and the call 2.75% on spot: puts pay 1.5× what calls do on AVGO this session.
Moving down to the $320 put (−0.21Δ) buys 5.5% more room below spot and keeps 60% of the 0.30Δ premium.
Open interest in the stored window totals 348,949 contracts; the largest single line is the $300 put expiring Jan 15 with 16,810 (4.8% of the window).
By options volume AVGO ranks #30 of 679 names in our universe.
Near-the-money options volume (17k) is 506% 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 AVGO
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $340 | −0.31 | $14.30 Nov 12 | $1,430.00 | $34,000 | 4.21% | 42.6% | $325.70 | 8,238 | 3,169 |
| 0.20Δ | $320 | −0.21 | $8.65 Nov 12 | $865.00 | $32,000 | 2.70% | 27.4% | $311.35 | 14,855 | 703 |
Snapshot #9312 · 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 | $330 | −0.28 | $15.24 Nov 12 | $1,524.00 | $33,000 | 4.62% | 26.3% | $314.76 | 9,090 | 504 |
| 0.20Δ | $310 | −0.20 | $10.29 Nov 12 | $1,029.00 | $31,000 | 3.32% | 18.9% | $299.71 | 6,915 | 952 |
Snapshot #9312 · session 2026-11-12 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 64
Covered calls on AVGO
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $410 | 0.28 | $10.01 Nov 12 | $1,001.00 | 2.75% | 27.9% | 15.27% | 154.9% | 4,881 | 1,321 |
| 0.20Δ | $430 | 0.19 | $6.36 Nov 12 | $636.00 | 1.75% | 17.7% | 19.76% | 200.4% | 4,133 | 542 |
Snapshot #9312 · 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 | $420 | 0.29 | $12.30 Nov 12 | $1,230.00 | 3.38% | 19.3% | 18.65% | 106.3% | 9,187 | 1,076 |
| 0.20Δ | $450 | 0.19 | $7.20 Nov 12 | $720.00 | 1.98% | 11.3% | 25.48% | 145.3% | 10,274 | 4,664 |
Snapshot #9312 · session 2026-11-12 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 64
AVGO volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 54.5%session 2026-11-12
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 348,949 contractssession 2026-11-12
- Largest open-interest line
- $300 put · Jan 15 · 16,810
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #30 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.