EQT wheel: cash-secured put & covered-call yields
EQT CORP · Energy · $54.42 close on Oct 19, 2026
What the Oct 19, 2026 close says about EQT
At 30.4% implied volatility, the options market is pricing a one-standard-deviation move of about $4.90 (9.0%) in EQT by Nov 20, 2026, 32 days out.
Selling the $52 put (−0.32Δ) for $1.09 means assignment would leave a cost basis of $50.91, 6.4% below the $54.42 close.
At 0.30Δ on the Nov 20 expiry the put yields 2.10% on its strike and the call 2.00% on spot: puts and calls pay within 10% of each other on EQT this session.
Moving down to the $50 put (−0.19Δ) buys 3.7% more room below spot and keeps 52% of the 0.30Δ premium.
Open interest in the stored window totals 58,709 contracts; the largest single line is the $52.50 put expiring Nov 20 with 15,304 (26.1% of the window).
EQT goes ex-dividend on Nov 4, 2026 ($0.17 declared), inside the Nov 20 covered-call window. A short call that is in the money before an ex-date can be assigned early.
By options volume EQT ranks #70 of 608 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 EQT
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $52 | −0.32 | $1.09 Oct 19 | $109.00 | $5,200 | 2.10% | 23.9% | $50.91 | 0 | 300 |
| 0.20Δ | $50 | −0.19 | $0.57 Oct 19 | $57.00 | $5,000 | 1.14% | 13.0% | $49.43 | 694 | 1,930 |
Snapshot #4225 · session 2026-10-19 · captured 22:12 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 | Unavailable1 | |||||||||
| 0.20Δ | $50 | −0.23 | $0.95 Oct 19 | $95.00 | $5,000 | 1.90% | 11.6% | $49.05 | 2,321 | 70 |
Snapshot #4225 · session 2026-10-19 · captured 22:12 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 60
Covered calls on EQT
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $57.50 | 0.30 | $1.09 Oct 19 | $109.00 | 2.00% | 22.8% | 7.66% | 87.4% | 2,364 | 462 |
| 0.20Δ | $60 | 0.18 | $0.55 Oct 19 | $55.00 | 1.01% | 11.5% | 11.26% | 128.5% | 534 | 312 |
Snapshot #4225 · session 2026-10-19 · captured 22:12 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 | $60 | 0.25 | $1.09 Oct 19 | $109.00 | 2.00% | 12.2% | 12.26% | 74.6% | 4,990 | 44 |
| 0.20Δ | Unavailable2 | |||||||||
Snapshot #4225 · session 2026-10-19 · captured 22:12 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 60
EQT volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 30.4%session 2026-10-19
- IV rank / IV percentile
- Unavailable3
- Next earnings
- Unavailable4
- Next ex-dividend
- Ex-div Nov 4, 2026 · $0.17 declaredchecked Oct 19, 2026
- Open interest, stored window
- 58,709 contractssession 2026-10-19
- Largest open-interest line
- $52.50 put · Nov 20 · 15,304
- Bid/ask spread
- Unavailable5
- Options liquidity rank
- #70 of 608 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
- 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.