GE wheel: cash-secured put & covered-call yields
GE Aerospace · Industrials · $311.28 close on Oct 19, 2026
What the Oct 19, 2026 close says about GE
At 38.1% implied volatility, the options market is pricing a one-standard-deviation move of about $35.13 (11.3%) in GE by Nov 20, 2026, 32 days out.
Selling the $297.50 put (−0.30Δ) for $7.18 means assignment would leave a cost basis of $290.32, 6.7% below the $311.28 close.
The 60-day 0.30Δ put pays 1.0× the premium of the 32-day one for 1.9× the time — more premium per day on the 32-day contract ($0.224 vs $0.121).
At 0.30Δ on the Nov 20 expiry the put yields 2.41% on its strike and the call 1.70% on spot: puts pay 1.4× what calls do on GE this session.
Moving down to the $285 put (−0.19Δ) buys 4.0% more room below spot and keeps 53% of the 0.30Δ premium.
Open interest in the stored window totals 23,125 contracts; the largest single line is the $280 put expiring Nov 20 with 2,944 (12.7% of the window).
By options volume GE ranks #111 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 GE
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $297.50 | −0.30 | $7.18 Oct 19 | $718.00 | $29,750 | 2.41% | 27.5% | $290.32 | 0 | 5 |
| 0.20Δ | $285 | −0.19 | $3.79 Oct 19 | $379.00 | $28,500 | 1.33% | 15.2% | $281.21 | 0 | 23 |
Snapshot #4242 · session 2026-10-19 · 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 | $290 | −0.27 | $7.27 Oct 19 | $727.00 | $29,000 | 2.51% | 15.3% | $282.73 | 1,022 | 7 |
| 0.20Δ | $280 | −0.19 | $5.08 Oct 19 | $508.00 | $28,000 | 1.81% | 11.0% | $274.92 | 431 | 278 |
Snapshot #4242 · session 2026-10-19 · captured 22:20 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 60
Covered calls on GE
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $335 | 0.27 | $5.29 Oct 19 | $529.00 | 1.70% | 19.4% | 9.32% | 106.3% | 0 | 8 |
| 0.20Δ | $342.50 | 0.21 | $3.70 Oct 19 | $370.00 | 1.19% | 13.6% | 11.22% | 128.0% | 0 | 22 |
Snapshot #4242 · session 2026-10-19 · 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 | $340 | 0.29 | $7.30 Oct 19 | $730.00 | 2.35% | 14.3% | 11.57% | 70.4% | 393 | 126 |
| 0.20Δ | $350 | 0.21 | $5.20 Oct 19 | $520.00 | 1.67% | 10.2% | 14.11% | 85.8% | 559 | 325 |
Snapshot #4242 · session 2026-10-19 · captured 22:20 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 60
GE volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 38.1%session 2026-10-19
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Oct 19, 2026
- Open interest, stored window
- 23,125 contractssession 2026-10-19
- Largest open-interest line
- $280 put · Nov 20 · 2,944
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #111 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.
- 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.