BX wheel: cash-secured put & covered-call yields
Blackstone Inc. · Financials · $118.54 close on Nov 12, 2026
What the Nov 12, 2026 close says about BX
At 36.0% implied volatility, the options market is pricing a one-standard-deviation move of about $13.40 (11.3%) in BX by Dec 18, 2026, 36 days out.
Open interest in the stored window totals 53,202 contracts; the largest single line is the $110 put expiring Jan 15 with 5,671 (10.7% of the window).
By options volume BX ranks #182 of 679 names in our universe.
Near-the-money options volume (644) is 161% 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 BX
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $110 | −0.24 | $2.15 Nov 12 | $215.00 | $11,000 | 1.95% | 19.8% | $107.85 | 1,689 | 194 |
Snapshot #9326 · 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 | $110 | −0.28 | $3.15 Nov 12 | $315.00 | $11,000 | 2.86% | 16.3% | $106.85 | 5,671 | 10 |
| 0.20Δ | $105 | −0.19 | $2.03 Nov 12 | $203.00 | $10,500 | 1.93% | 11.0% | $102.97 | 1,462 | 8 |
Snapshot #9326 · session 2026-11-12 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 64
Covered calls on BX
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $125 | 0.35 | $3.05 Nov 12 | $305.00 | 2.57% | 26.1% | 8.02% | 81.3% | 3,005 | 49 |
| 0.20Δ | $130 | 0.22 | $1.49 Nov 12 | $149.00 | 1.26% | 12.7% | 10.92% | 110.8% | 2,002 | 114 |
Snapshot #9326 · 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 | $130 | 0.29 | $3.09 Nov 12 | $309.00 | 2.61% | 14.9% | 12.27% | 70.0% | 3,408 | 77 |
| 0.20Δ | $135 | 0.21 | $1.93 Nov 12 | $193.00 | 1.63% | 9.3% | 15.51% | 88.5% | 2,501 | 15 |
Snapshot #9326 · session 2026-11-12 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 64
BX volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 36.0%session 2026-11-12
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 53,202 contractssession 2026-11-12
- Largest open-interest line
- $110 put · Jan 15 · 5,671
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #182 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.
- No contract near 0.30Δ traded this session
- 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.