GEV wheel: cash-secured put & covered-call yields
GE Vernova Inc. · Industrials · $818.49 close on Nov 12, 2026
What the Nov 12, 2026 close says about GEV
At 54.8% implied volatility, the options market is pricing a one-standard-deviation move of about $140.97 (17.2%) in GEV by Dec 18, 2026, 36 days out.
Selling the $760 put (−0.29Δ) for $28.60 means assignment would leave a cost basis of $731.40, 10.6% below the $818.49 close.
The 64-day 0.30Δ put pays 1.3× the premium of the 36-day one for 1.8× the time — more premium per day on the 36-day contract ($0.794 vs $0.596).
At 0.30Δ on the Dec 18 expiry the put yields 3.76% on its strike and the call 2.74% on spot: puts pay 1.4× what calls do on GEV this session.
Moving down to the $720 put (−0.20Δ) buys 4.9% more room below spot and keeps 56% of the 0.30Δ premium.
Open interest in the stored window totals 42,174 contracts; the largest single line is the $800 put expiring Jan 15 with 2,946 (7.0% of the window).
By options volume GEV ranks #138 of 679 names in our universe.
Near-the-money options volume (431) is 23% below 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 GEV
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $760 | −0.29 | $28.60 Nov 12 | $2,860.00 | $76,000 | 3.76% | 38.2% | $731.40 | 348 | 1 |
| 0.20Δ | $720 | −0.20 | $16.05 Nov 12 | $1,605.00 | $72,000 | 2.23% | 22.6% | $703.95 | 404 | 9 |
Snapshot #9380 · session 2026-11-12 · captured 22:10 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 36
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $750 | −0.29 | $38.15 Nov 12 | $3,815.00 | $75,000 | 5.09% | 29.0% | $711.85 | 653 | 17 |
| 0.20Δ | $700 | −0.20 | $22.60 Nov 12 | $2,260.00 | $70,000 | 3.23% | 18.4% | $677.40 | 2,478 | 21 |
Snapshot #9380 · session 2026-11-12 · captured 22:10 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 64
Covered calls on GEV
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $920 | 0.27 | $22.40 Nov 12 | $2,240.00 | 2.74% | 27.7% | 15.14% | 153.5% | 370 | 4 |
| 0.20Δ | $950 | 0.20 | $13.50 Nov 12 | $1,350.00 | 1.65% | 16.7% | 17.72% | 179.6% | 719 | 24 |
Snapshot #9380 · session 2026-11-12 · captured 22:10 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 36
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $940 | 0.29 | $30.51 Nov 12 | $3,051.00 | 3.73% | 21.3% | 18.57% | 105.9% | 80 | 4 |
| 0.20Δ | $1000 | 0.20 | $16.50 Nov 12 | $1,650.00 | 2.02% | 11.5% | 24.19% | 138.0% | 1,517 | 40 |
Snapshot #9380 · session 2026-11-12 · captured 22:10 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 64
GEV volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 54.8%session 2026-11-12
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 42,174 contractssession 2026-11-12
- Largest open-interest line
- $800 put · Jan 15 · 2,946
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #138 of 679 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 (34 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.