CL wheel: cash-secured put & covered-call yields
Colgate-Palmolive Company · Consumer staples · $86.46 close on Sep 29, 2026
What the Sep 29, 2026 close says about CL
At 26.9% implied volatility, the options market is pricing a one-standard-deviation move of about $6.78 (7.8%) in CL by Oct 30, 2026, 31 days out.
Open interest in the stored window totals 4,755 contracts; the largest single line is the $95 call expiring Dec 18 with 908 (19.1% of the window).
CL goes ex-dividend on Oct 20, 2026 ($0.53 declared), inside the Oct 30 covered-call window. A short call that is in the money before an ex-date can be assigned early.
By options volume CL ranks #213 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 CL
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $82 | −0.24 | $1.00 Sep 29 | $100.00 | $8,200 | 1.22% | 14.4% | $81.00 | 10 | 1 |
Snapshot #345 · session 2026-09-29 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 31
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $82.50 | −0.30 | $2.00 Sep 29 | $200.00 | $8,250 | 2.42% | 11.1% | $80.50 | 0 | 2 |
| 0.20Δ | $80 | −0.21 | $1.30 Sep 29 | $130.00 | $8,000 | 1.63% | 7.4% | $78.70 | 555 | 2 |
Snapshot #345 · session 2026-09-29 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 80
Covered calls on CL
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $91 | 0.27 | $0.80 Sep 29 | $80.00 | 0.93% | 10.9% | 6.18% | 72.7% | 403 | 4 |
| 0.20Δ | $92 | 0.20 | $0.67 Sep 29 | $67.00 | 0.77% | 9.1% | 7.18% | 84.6% | 26 | 2 |
Snapshot #345 · session 2026-09-29 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 31
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $92.50 | 0.28 | $1.50 Sep 29 | $150.00 | 1.73% | 7.9% | 8.72% | 39.8% | 480 | 11 |
| 0.20Δ | $95 | 0.20 | $1.00 Sep 29 | $100.00 | 1.16% | 5.3% | 11.03% | 50.3% | 908 | 193 |
Snapshot #345 · session 2026-09-29 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 80
CL volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 26.9%session 2026-09-29
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- Ex-div Oct 20, 2026 · $0.53 declaredchecked Sep 28, 2026
- Open interest, stored window
- 4,755 contractssession 2026-09-29
- Largest open-interest line
- $95 call · Dec 18 · 908
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #213 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.
- No contract near 0.30Δ traded this session
- We are building our own daily implied-volatility history (2 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.