FISV wheel: cash-secured put & covered-call yields
Fiserv, Inc. Common Stock · Industrials · $51.93 close on Nov 2, 2026
What the Nov 2, 2026 close says about FISV
At 42.5% implied volatility, the options market is pricing a one-standard-deviation move of about $6.54 (12.6%) in FISV by Dec 4, 2026, 32 days out.
Selling the $49 put (−0.34Δ) for $1.85 means assignment would leave a cost basis of $47.15, 9.2% below the $51.93 close.
At 0.30Δ on the Dec 4 expiry the put yields 3.78% on its strike and the call 2.50% on spot: puts pay 1.5× what calls do on FISV this session.
Moving down to the $45 put (−0.19Δ) buys 7.7% more room below spot and keeps 44% of the 0.30Δ premium.
Open interest in the stored window totals 17,086 contracts; the largest single line is the $45 put expiring Jan 15 with 4,415 (25.8% of the window).
By options volume FISV ranks #65 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 FISV
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $49 | −0.34 | $1.85 Nov 2 | $185.00 | $4,900 | 3.78% | 43.1% | $47.15 | 1 | 7 |
| 0.20Δ | $45 | −0.19 | $0.82 Nov 2 | $82.00 | $4,500 | 1.82% | 20.8% | $44.18 | 0 | 1 |
Snapshot #7052 · session 2026-11-02 · captured 22:20 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 | $45 | −0.22 | $1.36 Nov 2 | $136.00 | $4,500 | 3.02% | 14.9% | $43.64 | 4,415 | 51 |
Snapshot #7052 · session 2026-11-02 · captured 22:20 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 74
Covered calls on FISV
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $57 | 0.30 | $1.30 Nov 2 | $130.00 | 2.50% | 28.6% | 12.27% | 139.9% | 0 | 10 |
| 0.20Δ | $60 | 0.19 | $0.85 Nov 2 | $85.00 | 1.64% | 18.7% | 17.18% | 195.9% | 0 | 11 |
Snapshot #7052 · session 2026-11-02 · captured 22:20 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 | 0.27 | $1.65 Nov 2 | $165.00 | 3.18% | 15.7% | 18.72% | 92.3% | 2,402 | 241 |
| 0.20Δ | $65 | 0.17 | $0.85 Nov 2 | $85.00 | 1.64% | 8.1% | 26.81% | 132.2% | 1,697 | 23 |
Snapshot #7052 · session 2026-11-02 · captured 22:20 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 74
FISV volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 42.5%session 2026-11-02
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Nov 2, 2026
- Open interest, stored window
- 17,086 contractssession 2026-11-02
- Largest open-interest line
- $45 put · Jan 15 · 4,415
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #65 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.