DPZ wheel: cash-secured put & covered-call yields
Domino's Pizza Inc. · Consumer staples · $310.90 close on Oct 12, 2026
What the Oct 12, 2026 close says about DPZ
At 39.6% implied volatility, the options market is pricing a one-standard-deviation move of about $40.26 (13.0%) in DPZ by Nov 20, 2026, 39 days out.
Selling the $290 put (−0.26Δ) for $6.55 means assignment would leave a cost basis of $283.45, 8.8% below the $310.90 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 ($0.168 vs $0.133).
At 0.30Δ on the Nov 20 expiry the put yields 2.26% on its strike and the call 2.73% on spot: calls pay 1.2× what puts do on DPZ this session.
Moving down to the $280 put (−0.18Δ) buys 3.2% more room below spot and keeps 64% of the 0.30Δ premium.
Open interest in the stored window totals 4,004 contracts; the largest single line is the $280 put expiring Dec 18 with 371 (9.3% of the window).
By options volume DPZ ranks #137 of 572 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 DPZ
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $290 | −0.26 | $6.55 Oct 12 | $655.00 | $29,000 | 2.26% | 21.1% | $283.45 | 88 | 19 |
| 0.20Δ | $280 | −0.18 | $4.20 Oct 12 | $420.00 | $28,000 | 1.50% | 14.0% | $275.80 | 203 | 57 |
Snapshot #2780 · session 2026-10-12 · 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 | $290 | −0.30 | $8.90 Oct 12 | $890.00 | $29,000 | 3.07% | 16.7% | $281.10 | 335 | 4 |
| 0.20Δ | $270 | −0.18 | $4.95 Oct 12 | $495.00 | $27,000 | 1.83% | 10.0% | $265.05 | 356 | 26 |
Snapshot #2780 · session 2026-10-12 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 67
Covered calls on DPZ
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $330 | 0.34 | $8.50 Oct 12 | $850.00 | 2.73% | 25.6% | 8.88% | 83.1% | 102 | 17 |
| 0.20Δ | $350 | 0.19 | $3.84 Oct 12 | $384.00 | 1.24% | 11.6% | 13.81% | 129.3% | 11 | 71 |
Snapshot #2780 · session 2026-10-12 · 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 | $340 | 0.30 | $8.55 Oct 12 | $855.00 | 2.75% | 15.0% | 12.11% | 66.0% | 167 | 15 |
| 0.20Δ | $360 | 0.20 | $4.49 Oct 12 | $449.00 | 1.44% | 7.9% | 17.24% | 93.9% | 218 | 13 |
Snapshot #2780 · session 2026-10-12 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 67
DPZ volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 39.6%session 2026-10-12
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Oct 12, 2026
- Open interest, stored window
- 4,004 contractssession 2026-10-12
- Largest open-interest line
- $280 put · Dec 18 · 371
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #137 of 572 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.