CLX wheel: cash-secured put & covered-call yields
Clorox Company · Consumer staples · $105.53 close on Nov 9, 2026
What the Nov 9, 2026 close says about CLX
At 25.3% implied volatility, the options market is pricing a one-standard-deviation move of about $8.72 (8.3%) in CLX by Dec 18, 2026, 39 days out.
Selling the $100 put (−0.31Δ) for $2.00 means assignment would leave a cost basis of $98.00, 7.1% below the $105.53 close.
The 67-day 0.30Δ put pays 1.4× the premium of the 39-day one for 1.7× the time — more premium per day on the 39-day contract ($0.051 vs $0.043).
At 0.30Δ on the Dec 18 expiry the put yields 2.00% on its strike and the call 2.46% on spot: calls pay 1.2× what puts do on CLX this session.
Moving down to the $95 put (−0.16Δ) buys 4.7% more room below spot and keeps 40% of the 0.30Δ premium.
Open interest in the stored window totals 10,692 contracts; the largest single line is the $115 call expiring Jan 15 with 1,580 (14.8% of the window).
By options volume CLX ranks #107 of 679 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 CLX
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $100 | −0.31 | $2.00 Nov 9 | $200.00 | $10,000 | 2.00% | 18.7% | $98.00 | 105 | 43 |
| 0.20Δ | $95 | −0.16 | $0.80 Nov 9 | $80.00 | $9,500 | 0.84% | 7.9% | $94.20 | 110 | 110 |
Snapshot #8464 · session 2026-11-09 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 39
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $100 | −0.34 | $2.85 Nov 9 | $285.00 | $10,000 | 2.85% | 15.5% | $97.15 | 1,564 | 79 |
| 0.20Δ | $95 | −0.20 | $1.55 Nov 9 | $155.00 | $9,500 | 1.63% | 8.9% | $93.45 | 1,330 | 62 |
Snapshot #8464 · session 2026-11-09 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 67
Covered calls on CLX
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $110 | 0.34 | $2.60 Nov 9 | $260.00 | 2.46% | 23.1% | 6.70% | 62.7% | 616 | 169 |
| 0.20Δ | $115 | 0.21 | $1.25 Nov 9 | $125.00 | 1.18% | 11.1% | 10.16% | 95.1% | 524 | 123 |
Snapshot #8464 · session 2026-11-09 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 39
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $115 | 0.27 | $2.31 Nov 9 | $231.00 | 2.19% | 11.9% | 11.16% | 60.8% | 1,580 | 161 |
| 0.20Δ | $120 | 0.17 | $1.34 Nov 9 | $134.00 | 1.27% | 6.9% | 14.98% | 81.6% | 1,342 | 46 |
Snapshot #8464 · session 2026-11-09 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 67
CLX volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 25.3%session 2026-11-09
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 10,692 contractssession 2026-11-09
- Largest open-interest line
- $115 call · Jan 15 · 1,580
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #107 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 (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.