CHRW wheel: cash-secured put & covered-call yields
C.H. Robinson Worldwide, Inc. · Industrials · $140.61 close on Oct 5, 2026
What the Oct 5, 2026 close says about CHRW
At 45.4% implied volatility, the options market is pricing a one-standard-deviation move of about $22.65 (16.1%) in CHRW by Nov 20, 2026, 46 days out.
Selling the $130 put (−0.27Δ) for $4.05 means assignment would leave a cost basis of $125.95, 10.4% below the $140.61 close.
The 102-day 0.30Δ put pays 1.5× the premium of the 46-day one for 2.2× the time — more premium per day on the 46-day contract ($0.088 vs $0.060).
At 0.30Δ on the Nov 20 expiry the put yields 3.12% on its strike and the call 2.89% on spot: puts and calls pay within 10% of each other on CHRW this session.
Moving down to the $125 put (−0.20Δ) buys 3.6% more room below spot and keeps 67% of the 0.30Δ premium.
Open interest in the stored window totals 11,508 contracts; the largest single line is the $170 call expiring Jan 15 with 2,529 (22.0% of the window).
By options volume CHRW ranks #159 of 514 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 CHRW
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $130 | −0.27 | $4.05 Oct 5 | $405.00 | $13,000 | 3.12% | 24.7% | $125.95 | 50 | 48 |
| 0.20Δ | $125 | −0.20 | $2.70 Oct 5 | $270.00 | $12,500 | 2.16% | 17.1% | $122.30 | 186 | 92 |
Snapshot #1351 · session 2026-10-05 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 46
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $130 | −0.30 | $6.15 Oct 5 | $615.00 | $13,000 | 4.73% | 16.9% | $123.85 | 984 | 8 |
| 0.20Δ | $120 | −0.19 | $3.50 Oct 5 | $350.00 | $12,000 | 2.92% | 10.4% | $116.50 | 109 | 161 |
Snapshot #1351 · session 2026-10-05 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 102
Covered calls on CHRW
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $155 | 0.31 | $4.07 Oct 5 | $407.00 | 2.89% | 23.0% | 13.13% | 104.2% | 115 | 6 |
| 0.20Δ | $165 | 0.18 | $2.07 Oct 5 | $207.00 | 1.47% | 11.7% | 18.82% | 149.3% | 407 | 5 |
Snapshot #1351 · session 2026-10-05 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 46
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $160 | 0.33 | $5.20 Oct 5 | $520.00 | 3.70% | 13.2% | 17.49% | 62.6% | 1,224 | 165 |
| 0.20Δ | Unavailable1 | |||||||||
Snapshot #1351 · session 2026-10-05 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 102
CHRW volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 45.4%session 2026-10-05
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Oct 5, 2026
- Open interest, stored window
- 11,508 contractssession 2026-10-05
- Largest open-interest line
- $170 call · Jan 15 · 2,529
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #159 of 514 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 0.20Δ traded this session
- 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.