EQIX wheel: cash-secured put & covered-call yields
Equinix, Inc. Common Stock REIT · Real estate · $1,023.44 close on Oct 5, 2026
What the Oct 5, 2026 close says about EQIX
At 34.7% implied volatility, the options market is pricing a one-standard-deviation move of about $126.17 (12.3%) in EQIX by Nov 20, 2026, 46 days out.
Selling the $970 put (−0.31Δ) for $27.20 means assignment would leave a cost basis of $942.80, 7.9% below the $1,023.44 close.
The 74-day 0.30Δ put pays 1.2× the premium of the 46-day one for 1.6× the time — more premium per day on the 46-day contract ($0.591 vs $0.426).
At 0.30Δ on the Nov 20 expiry the put yields 2.80% on its strike and the call 2.17% on spot: puts pay 1.3× what calls do on EQIX this session.
Moving down to the $930 put (−0.21Δ) buys 3.9% more room below spot and keeps 61% of the 0.30Δ premium.
Open interest in the stored window totals 8,163 contracts; the largest single line is the $1000 put expiring Nov 20 with 4,756 (58.3% of the window).
By options volume EQIX ranks #149 of 514 names in our universe.
Near-the-money options volume (547) is 11% above its 5-session average.
The builder re-quotes every leg from the live chain when it opens; tracking is free to start.
Cash-secured puts on EQIX
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $970 | −0.31 | $27.20 Oct 5 | $2,720.00 | $97,000 | 2.80% | 22.3% | $942.80 | 95 | 1 |
| 0.20Δ | $930 | −0.21 | $16.70 Oct 5 | $1,670.00 | $93,000 | 1.80% | 14.2% | $913.30 | 29 | 5 |
Snapshot #1387 · session 2026-10-05 · captured 22:20 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 | $960 | −0.30 | $31.50 Oct 5 | $3,150.00 | $96,000 | 3.28% | 16.2% | $928.50 | 80 | 2 |
| 0.20Δ | $920 | −0.22 | $20.40 Oct 5 | $2,040.00 | $92,000 | 2.22% | 10.9% | $899.60 | 3 | 10 |
Snapshot #1387 · session 2026-10-05 · captured 22:20 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 74
Covered calls on EQIX
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $1100 | 0.29 | $22.19 Oct 5 | $2,219.00 | 2.17% | 17.2% | 9.65% | 76.6% | 100 | 6 |
| 0.20Δ | $1130 | 0.22 | $13.00 Oct 5 | $1,300.00 | 1.27% | 10.1% | 11.68% | 92.7% | 7 | 1 |
Snapshot #1387 · session 2026-10-05 · captured 22:20 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 | $1120 | 0.29 | $23.20 Oct 5 | $2,320.00 | 2.27% | 11.2% | 11.70% | 57.7% | 43 | 10 |
| 0.20Δ | $1140 | 0.24 | $18.70 Oct 5 | $1,870.00 | 1.83% | 9.0% | 13.22% | 65.2% | 197 | 1 |
Snapshot #1387 · session 2026-10-05 · captured 22:20 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 74
EQIX volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 34.7%session 2026-10-05
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Oct 5, 2026
- Open interest, stored window
- 8,163 contractssession 2026-10-05
- Largest open-interest line
- $1000 put · Nov 20 · 4,756
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #149 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.
- We are building our own daily implied-volatility history (6 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.