DIS wheel: cash-secured put & covered-call yields
The Walt Disney Company · Consumer discretionary · $105.59 close on Sep 28, 2026
What the Sep 28, 2026 close says about DIS
At 23.1% implied volatility, the options market is pricing a one-standard-deviation move of about $7.24 (6.9%) in DIS by Oct 30, 2026, 32 days out.
Open interest in the stored window totals 30,117 contracts; the largest single line is the $115 call expiring Dec 18 with 5,186 (17.2% of the window).
By options volume DIS ranks #144 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 DIS
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $99 | −0.19 | $0.82 Sep 28 | $82.00 | $9,900 | 0.83% | 9.4% | $98.18 | 12 | 2 |
Snapshot #110 · 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 | $100 | −0.32 | $3.11 Sep 28 | $311.00 | $10,000 | 3.11% | 14.0% | $96.89 | 2,536 | 46 |
| 0.20Δ | $95 | −0.20 | $1.89 Sep 28 | $189.00 | $9,500 | 1.99% | 9.0% | $93.11 | 4,109 | 10 |
Snapshot #110 · session 2026-09-28 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on DIS
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $110 | 0.29 | $1.30 Sep 28 | $130.00 | 1.23% | 14.0% | 5.41% | 61.7% | 237 | 17 |
| 0.20Δ | $112 | 0.21 | $0.93 Sep 28 | $93.00 | 0.88% | 10.0% | 6.95% | 79.3% | 110 | 50 |
Snapshot #110 · 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 | $115 | 0.29 | $2.30 Sep 28 | $230.00 | 2.18% | 9.8% | 11.09% | 50.0% | 5,186 | 93 |
| 0.20Δ | $120 | 0.19 | $1.45 Sep 28 | $145.00 | 1.37% | 6.2% | 15.02% | 67.7% | 3,811 | 51 |
Snapshot #110 · session 2026-09-28 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
DIS volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 23.1%session 2026-09-28
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Sep 28, 2026
- Open interest, stored window
- 30,117 contractssession 2026-09-28
- Largest open-interest line
- $115 call · Dec 18 · 5,186
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #144 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 (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.