DT wheel: cash-secured put & covered-call yields
Dynatrace, Inc. · Technology · $61.05 close on Oct 6, 2026
What the Oct 6, 2026 close says about DT
At 46.9% implied volatility, the options market is pricing a one-standard-deviation move of about $10.05 (16.5%) in DT by Nov 20, 2026, 45 days out.
Selling the $57.50 put (−0.30Δ) for $2.57 means assignment would leave a cost basis of $54.93, 10.0% below the $61.05 close.
The 101-day 0.30Δ put pays 1.0× the premium of the 45-day one for 2.2× the time — more premium per day on the 45-day contract ($0.057 vs $0.025).
At 0.30Δ on the Nov 20 expiry the put yields 4.47% on its strike and the call 3.36% on spot: puts pay 1.3× what calls do on DT this session.
Moving down to the $55 put (−0.22Δ) buys 4.1% more room below spot and keeps 64% of the 0.30Δ premium.
Open interest in the stored window totals 7,331 contracts; the largest single line is the $65 call expiring Jan 15 with 1,513 (20.6% of the window).
By options volume DT ranks #246 of 514 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 DT
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $57.50 | −0.30 | $2.57 Oct 6 | $257.00 | $5,750 | 4.47% | 36.3% | $54.93 | 59 | 2 |
| 0.20Δ | $55 | −0.22 | $1.64 Oct 6 | $164.00 | $5,500 | 2.98% | 24.2% | $53.36 | 150 | 8 |
Snapshot #1665 · session 2026-10-06 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 45
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $55 | −0.26 | $2.50 Oct 6 | $250.00 | $5,500 | 4.55% | 16.4% | $52.50 | 90 | 18 |
| 0.20Δ | Unavailable1 | |||||||||
Snapshot #1665 · session 2026-10-06 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 101
Covered calls on DT
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $67.50 | 0.34 | $2.05 Oct 6 | $205.00 | 3.36% | 27.2% | 13.92% | 112.9% | 0 | 4 |
| 0.20Δ | Unavailable1 | |||||||||
Snapshot #1665 · session 2026-10-06 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 45
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $70 | 0.33 | $2.55 Oct 6 | $255.00 | 4.18% | 15.1% | 18.84% | 68.1% | 358 | 19 |
| 0.20Δ | $75 | 0.23 | $1.65 Oct 6 | $165.00 | 2.70% | 9.8% | 25.55% | 92.3% | 148 | 3 |
Snapshot #1665 · session 2026-10-06 · captured 22:01 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 101
DT volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 46.9%session 2026-10-06
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Oct 5, 2026
- Open interest, stored window
- 7,331 contractssession 2026-10-06
- Largest open-interest line
- $65 call · Jan 15 · 1,513
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #246 of 514 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 (2 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.