DIS wheel: cash-secured put & covered-call yields
The Walt Disney Company · Consumer discretionary · $118.23 close on Nov 12, 2026
What the Nov 12, 2026 close says about DIS
At 32.8% implied volatility, the options market is pricing a one-standard-deviation move of about $12.20 (10.3%) in DIS by Dec 18, 2026, 36 days out.
Open interest in the stored window totals 77,850 contracts; the largest single line is the $120 call expiring Dec 18 with 9,447 (12.1% of the window).
By options volume DIS ranks #194 of 679 names in our universe.
Near-the-money options volume (1.6k) is 407% above its 5-session average.
The builder re-quotes every leg from the live chain when it opens; tracking is free to start.
Cash-secured puts on DIS
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $110 | −0.23 | $1.76 Nov 12 | $176.00 | $11,000 | 1.60% | 16.2% | $108.24 | 6,168 | 369 |
Snapshot #9356 · session 2026-11-12 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 36
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $110 | −0.25 | $2.14 Nov 12 | $214.00 | $11,000 | 1.95% | 11.1% | $107.86 | 1,731 | 17 |
| 0.20Δ | $105 | −0.15 | $1.18 Nov 12 | $118.00 | $10,500 | 1.12% | 6.4% | $103.82 | 2,919 | 27 |
Snapshot #9356 · session 2026-11-12 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 64
Covered calls on DIS
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $125 | 0.30 | $2.12 Nov 12 | $212.00 | 1.79% | 18.2% | 7.52% | 76.2% | 3,731 | 208 |
| 0.20Δ | $130 | 0.18 | $1.04 Nov 12 | $104.00 | 0.88% | 8.9% | 10.83% | 109.9% | 5,464 | 62 |
Snapshot #9356 · session 2026-11-12 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 36
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $125 | 0.34 | $2.95 Nov 12 | $295.00 | 2.50% | 14.2% | 8.22% | 46.9% | 6,611 | 253 |
| 0.20Δ | $130 | 0.22 | $1.70 Nov 12 | $170.00 | 1.44% | 8.2% | 11.39% | 65.0% | 7,256 | 78 |
Snapshot #9356 · session 2026-11-12 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 64
DIS volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 32.8%session 2026-11-12
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 77,850 contractssession 2026-11-12
- Largest open-interest line
- $120 call · Dec 18 · 9,447
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #194 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.
- No contract near 0.30Δ traded this session
- We are building our own daily implied-volatility history (34 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.