DASH wheel: cash-secured put & covered-call yields
DoorDash, Inc. Class A Common Stock · Industrials · $178.39 close on Sep 28, 2026
What the Sep 28, 2026 close says about DASH
At 47.9% implied volatility, the options market is pricing a one-standard-deviation move of about $25.30 (14.2%) in DASH by Oct 30, 2026, 32 days out.
Selling the $170 put (−0.33Δ) for $5.80 means assignment would leave a cost basis of $164.20, 8.0% below the $178.39 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 ($0.181 vs $0.129).
At 0.30Δ on the Oct 30 expiry the put yields 3.41% on its strike and the call 2.51% on spot: puts pay 1.4× what calls do on DASH this session.
Moving down to the $160 put (−0.21Δ) buys 5.6% more room below spot and keeps 52% of the 0.30Δ premium.
Open interest in the stored window totals 7,567 contracts; the largest single line is the $160 put expiring Dec 18 with 1,722 (22.8% of the window).
By options volume DASH ranks #232 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 DASH
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $170 | −0.33 | $5.80 Sep 28 | $580.00 | $17,000 | 3.41% | 38.9% | $164.20 | 30 | 7 |
| 0.20Δ | $160 | −0.21 | $3.03 Sep 28 | $303.00 | $16,000 | 1.89% | 21.6% | $156.97 | 68 | 24 |
Snapshot #106 · session 2026-09-28 · captured 22:30 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 | $165 | −0.32 | $10.41 Sep 28 | $1,041.00 | $16,500 | 6.31% | 28.4% | $154.59 | 81 | 3 |
| 0.20Δ | $150 | −0.20 | $5.10 Sep 28 | $510.00 | $15,000 | 3.40% | 15.3% | $144.90 | 625 | 9 |
Snapshot #106 · session 2026-09-28 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on DASH
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $195 | 0.32 | $4.48 Sep 28 | $448.00 | 2.51% | 28.6% | 11.82% | 134.8% | 4 | 12 |
| 0.20Δ | Unavailable1 | |||||||||
Snapshot #106 · session 2026-09-28 · captured 22:30 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 | $210 | 0.29 | $7.45 Sep 28 | $745.00 | 4.18% | 18.8% | 21.90% | 98.7% | 465 | 81 |
| 0.20Δ | $220 | 0.22 | $5.45 Sep 28 | $545.00 | 3.06% | 13.8% | 26.38% | 118.9% | 388 | 1 |
Snapshot #106 · session 2026-09-28 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
DASH volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 47.9%session 2026-09-28
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Sep 28, 2026
- Open interest, stored window
- 7,567 contractssession 2026-09-28
- Largest open-interest line
- $160 put · Dec 18 · 1,722
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #232 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 0.20Δ 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.