CRWV wheel: cash-secured put & covered-call yields
CoreWeave, Inc. Class A Common Stock · Technology · $85.07 close on Sep 28, 2026
What the Sep 28, 2026 close says about CRWV
At 69.3% implied volatility, the options market is pricing a one-standard-deviation move of about $17.45 (20.5%) in CRWV by Oct 30, 2026, 32 days out.
Selling the $78 put (−0.30Δ) for $3.70 means assignment would leave a cost basis of $74.30, 12.7% below the $85.07 close.
The 81-day 0.30Δ put pays 1.8× the premium of the 32-day one for 2.5× the time — more premium per day on the 32-day contract ($0.116 vs $0.081).
At 0.30Δ on the Oct 30 expiry the put yields 4.74% on its strike and the call 4.35% on spot: puts and calls pay within 10% of each other on CRWV this session.
Moving down to the $73 put (−0.19Δ) buys 5.9% more room below spot and keeps 55% of the 0.30Δ premium.
Open interest in the stored window totals 123,573 contracts; the largest single line is the $60 put expiring Dec 18 with 20,496 (16.6% of the window).
By options volume CRWV ranks #40 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 CRWV
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $78 | −0.30 | $3.70 Sep 28 | $370.00 | $7,800 | 4.74% | 54.1% | $74.30 | 164 | 84 |
| 0.20Δ | $73 | −0.19 | $2.03 Sep 28 | $203.00 | $7,300 | 2.78% | 31.7% | $70.97 | 294 | 91 |
Snapshot #101 · session 2026-09-28 · captured 22:22 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 | $75 | −0.29 | $6.55 Sep 28 | $655.00 | $7,500 | 8.73% | 39.4% | $68.45 | 1,876 | 141 |
| 0.20Δ | $67.50 | −0.20 | $4.11 Sep 28 | $411.00 | $6,750 | 6.09% | 27.4% | $63.39 | 1,899 | 3 |
Snapshot #101 · session 2026-09-28 · captured 22:22 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on CRWV
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $97 | 0.32 | $3.70 Sep 28 | $370.00 | 4.35% | 49.6% | 18.37% | 209.6% | 723 | 10 |
| 0.20Δ | $106 | 0.20 | $1.91 Sep 28 | $191.00 | 2.25% | 25.6% | 26.85% | 306.2% | 102 | 7 |
Snapshot #101 · session 2026-09-28 · captured 22:22 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 | $110 | 0.31 | $5.35 Sep 28 | $535.00 | 6.29% | 28.3% | 35.59% | 160.4% | 7,257 | 149 |
| 0.20Δ | $125 | 0.21 | $3.00 Sep 28 | $300.00 | 3.53% | 15.9% | 50.46% | 227.4% | 1,378 | 4 |
Snapshot #101 · session 2026-09-28 · captured 22:22 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
CRWV volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 69.3%session 2026-09-28
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Sep 28, 2026
- Open interest, stored window
- 123,573 contractssession 2026-09-28
- Largest open-interest line
- $60 put · Dec 18 · 20,496
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #40 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.