GEV wheel: cash-secured put & covered-call yields
GE Vernova Inc. · Industrials · $949.77 close on Sep 28, 2026
What the Sep 28, 2026 close says about GEV
At 50.0% implied volatility, the options market is pricing a one-standard-deviation move of about $140.70 (14.8%) in GEV by Oct 30, 2026, 32 days out.
Selling the $890 put (−0.30Δ) for $27.00 means assignment would leave a cost basis of $863.00, 9.1% below the $949.77 close.
The 81-day 0.30Δ put pays 1.8× the premium of the 32-day one for 2.5× the time — more premium per day on the 32-day contract ($0.844 vs $0.605).
At 0.30Δ on the Oct 30 expiry the put yields 3.03% on its strike and the call 3.12% on spot: puts and calls pay within 10% of each other on GEV this session.
Moving down to the $855 put (−0.21Δ) buys 3.7% more room below spot and keeps 64% of the 0.30Δ premium.
Open interest in the stored window totals 15,565 contracts; the largest single line is the $860 put expiring Dec 18 with 3,532 (22.7% of the window).
By options volume GEV ranks #191 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 GEV
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $890 | −0.30 | $27.00 Sep 28 | $2,700.00 | $89,000 | 3.03% | 34.6% | $863.00 | 10 | 4 |
| 0.20Δ | $855 | −0.21 | $17.29 Sep 28 | $1,729.00 | $85,500 | 2.02% | 23.1% | $837.71 | 2 | 4 |
Snapshot #129 · session 2026-09-28 · captured 22:31 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 | $880 | −0.31 | $49.00 Sep 28 | $4,900.00 | $88,000 | 5.57% | 25.1% | $831.00 | 206 | 11 |
| 0.20Δ | $810 | −0.20 | $26.00 Sep 28 | $2,600.00 | $81,000 | 3.21% | 14.5% | $784.00 | 150 | 12 |
Snapshot #129 · session 2026-09-28 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on GEV
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $1025 | 0.33 | $29.60 Sep 28 | $2,960.00 | 3.12% | 35.5% | 11.04% | 125.9% | 5 | 1 |
| 0.20Δ | $1100 | 0.18 | $15.50 Sep 28 | $1,550.00 | 1.63% | 18.6% | 17.45% | 199.0% | 39 | 1 |
Snapshot #129 · session 2026-09-28 · captured 22:31 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 | $1100 | 0.30 | $37.71 Sep 28 | $3,771.00 | 3.97% | 17.9% | 19.79% | 89.2% | 457 | 15 |
| 0.20Δ | $1180 | 0.21 | $25.20 Sep 28 | $2,520.00 | 2.65% | 12.0% | 26.89% | 121.2% | 53 | 2 |
Snapshot #129 · session 2026-09-28 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
GEV volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 50.0%session 2026-09-28
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Sep 28, 2026
- Open interest, stored window
- 15,565 contractssession 2026-09-28
- Largest open-interest line
- $860 put · Dec 18 · 3,532
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #191 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.
- 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.