ECL wheel: cash-secured put & covered-call yields
Ecolab, Inc. · Consumer staples · $308.38 close on Nov 2, 2026
What the Nov 2, 2026 close says about ECL
At 20.9% implied volatility, the options market is pricing a one-standard-deviation move of about $22.93 (7.4%) in ECL by Dec 18, 2026, 46 days out.
Open interest in the stored window totals 2,099 contracts; the largest single line is the $310 call expiring Dec 18 with 342 (16.3% of the window).
By options volume ECL ranks #245 of 661 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 ECL
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $290 | −0.24 | $3.50 Nov 2 | $350.00 | $29,000 | 1.21% | 9.6% | $286.50 | 105 | 3 |
Snapshot #7036 · session 2026-11-02 · captured 22:12 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 46
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $290 | −0.28 | $5.20 Nov 2 | $520.00 | $29,000 | 1.79% | 8.8% | $284.80 | 63 | 8 |
| 0.20Δ | $280 | −0.19 | $3.20 Nov 2 | $320.00 | $28,000 | 1.14% | 5.6% | $276.80 | 29 | 3 |
Snapshot #7036 · session 2026-11-02 · captured 22:12 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 74
Covered calls on ECL
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $320 | 0.33 | $6.10 Nov 2 | $610.00 | 1.98% | 15.7% | 5.75% | 45.6% | 212 | 3 |
| 0.20Δ | $330 | 0.22 | $3.10 Nov 2 | $310.00 | 1.01% | 8.0% | 8.02% | 63.6% | 209 | 3 |
Snapshot #7036 · session 2026-11-02 · captured 22:12 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 46
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $330 | 0.27 | $5.20 Nov 2 | $520.00 | 1.69% | 8.3% | 8.70% | 42.9% | 160 | 332 |
| 0.20Δ | $340 | 0.18 | $3.17 Nov 2 | $317.00 | 1.03% | 5.1% | 11.28% | 55.6% | 60 | 1 |
Snapshot #7036 · session 2026-11-02 · captured 22:12 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 74
ECL volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 20.9%session 2026-11-02
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Nov 2, 2026
- Open interest, stored window
- 2,099 contractssession 2026-11-02
- Largest open-interest line
- $310 call · Dec 18 · 342
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #245 of 661 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.