EOG wheel: cash-secured put & covered-call yields
EOG Resources, Inc. · Energy · $140.63 close on Sep 28, 2026
What the Sep 28, 2026 close says about EOG
At 31.6% implied volatility, the options market is pricing a one-standard-deviation move of about $13.17 (9.4%) in EOG by Oct 30, 2026, 32 days out.
Selling the $134 put (−0.30Δ) for $2.77 means assignment would leave a cost basis of $131.23, 6.7% below the $140.63 close.
The 81-day 0.30Δ put pays 1.4× the premium of the 32-day one for 2.5× the time — more premium per day on the 32-day contract ($0.087 vs $0.049).
At 0.30Δ on the Oct 30 expiry the put yields 2.07% on its strike and the call 1.65% on spot: puts pay 1.3× what calls do on EOG this session.
Open interest in the stored window totals 6,873 contracts; the largest single line is the $110 put expiring Dec 18 with 910 (13.2% of the window).
EOG goes ex-dividend on Oct 16, 2026 ($1.02 declared), inside the Oct 30 covered-call window. A short call that is in the money before an ex-date can be assigned early.
By options volume EOG ranks #178 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 EOG
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $134 | −0.30 | $2.77 Sep 28 | $277.00 | $13,400 | 2.07% | 23.6% | $131.23 | 3 | 1 |
| 0.20Δ | Unavailable1 | |||||||||
Snapshot #115 · 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 | $130 | −0.27 | $4.00 Sep 28 | $400.00 | $13,000 | 3.08% | 13.9% | $126.00 | 523 | 12 |
| 0.20Δ | $125 | −0.19 | $2.65 Sep 28 | $265.00 | $12,500 | 2.12% | 9.6% | $122.35 | 507 | 18 |
Snapshot #115 · session 2026-09-28 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on EOG
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $149 | 0.26 | $2.32 Sep 28 | $232.00 | 1.65% | 18.8% | 7.60% | 86.7% | 2 | 1 |
| 0.20Δ | Unavailable1 | |||||||||
Snapshot #115 · 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 | $155 | 0.29 | $3.55 Sep 28 | $355.00 | 2.52% | 11.4% | 12.74% | 57.4% | 627 | 74 |
| 0.20Δ | $160 | 0.21 | $2.75 Sep 28 | $275.00 | 1.96% | 8.8% | 15.73% | 70.9% | 411 | 1 |
Snapshot #115 · session 2026-09-28 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
EOG volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 31.6%session 2026-09-28
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- Ex-div Oct 16, 2026 · $1.02 declaredchecked Sep 28, 2026
- Open interest, stored window
- 6,873 contractssession 2026-09-28
- Largest open-interest line
- $110 put · Dec 18 · 910
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #178 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 0.20Δ 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.