AVGO wheel: cash-secured put & covered-call yields
Broadcom Inc. Common Stock · Technology · $349.57 close on Sep 28, 2026
What the Sep 28, 2026 close says about AVGO
At 34.1% implied volatility, the options market is pricing a one-standard-deviation move of about $35.29 (10.1%) in AVGO by Oct 30, 2026, 32 days out.
Selling the $335 put (−0.31Δ) for $7.95 means assignment would leave a cost basis of $327.05, 6.4% below the $349.57 close.
The 81-day 0.30Δ put pays 1.6× the premium of the 32-day one for 2.5× the time — more premium per day on the 32-day contract ($0.248 vs $0.160).
At 0.30Δ on the Oct 30 expiry the put yields 2.37% on its strike and the call 1.87% on spot: puts pay 1.3× what calls do on AVGO this session.
Moving down to the $325 put (−0.22Δ) buys 2.9% more room below spot and keeps 63% of the 0.30Δ premium.
Open interest in the stored window totals 120,570 contracts; the largest single line is the $300 put expiring Dec 18 with 11,211 (9.3% of the window).
By options volume AVGO ranks #30 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 AVGO
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $335 | −0.31 | $7.95 Sep 28 | $795.00 | $33,500 | 2.37% | 27.1% | $327.05 | 1,193 | 93 |
| 0.20Δ | $325 | −0.22 | $5.00 Sep 28 | $500.00 | $32,500 | 1.54% | 17.5% | $320.00 | 681 | 147 |
Snapshot #70 · session 2026-09-28 · captured 22:21 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 | $320 | −0.28 | $13.00 Sep 28 | $1,300.00 | $32,000 | 4.06% | 18.3% | $307.00 | 8,944 | 974 |
| 0.20Δ | $300 | −0.18 | $7.42 Sep 28 | $742.00 | $30,000 | 2.47% | 11.1% | $292.58 | 11,211 | 86 |
Snapshot #70 · session 2026-09-28 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on AVGO
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $375 | 0.29 | $6.55 Sep 28 | $655.00 | 1.87% | 21.4% | 9.15% | 104.3% | 1,149 | 137 |
| 0.20Δ | $385 | 0.21 | $4.40 Sep 28 | $440.00 | 1.26% | 14.4% | 11.39% | 130.0% | 220 | 422 |
Snapshot #70 · session 2026-09-28 · captured 22:21 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 | $400 | 0.29 | $11.65 Sep 28 | $1,165.00 | 3.33% | 15.0% | 17.76% | 80.0% | 8,738 | 366 |
| 0.20Δ | $430 | 0.19 | $6.92 Sep 28 | $692.00 | 1.98% | 8.9% | 24.99% | 112.6% | 3,087 | 114 |
Snapshot #70 · session 2026-09-28 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
AVGO volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 34.1%session 2026-09-28
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Sep 28, 2026
- Open interest, stored window
- 120,570 contractssession 2026-09-28
- Largest open-interest line
- $300 put · Dec 18 · 11,211
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #30 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.