GILD wheel: cash-secured put & covered-call yields
Gilead Sciences Inc · Healthcare · $152.21 close on Sep 28, 2026
What the Sep 28, 2026 close says about GILD
At 30.3% implied volatility, the options market is pricing a one-standard-deviation move of about $13.68 (9.0%) in GILD by Oct 30, 2026, 32 days out.
Selling the $144 put (−0.25Δ) for $2.22 means assignment would leave a cost basis of $141.78, 6.9% below the $152.21 close.
The 81-day 0.30Δ put pays 2.3× the premium of the 32-day one for 2.5× the time — more premium per day on the 32-day contract ($0.069 vs $0.064).
At 0.30Δ on the Oct 30 expiry the put yields 1.54% on its strike and the call 1.31% on spot: puts pay 1.2× what calls do on GILD this session.
Open interest in the stored window totals 8,361 contracts; the largest single line is the $155 call expiring Dec 18 with 2,278 (27.2% of the window).
By options volume GILD ranks #234 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 GILD
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $144 | −0.25 | $2.22 Sep 28 | $222.00 | $14,400 | 1.54% | 17.6% | $141.78 | 1 | 1 |
| 0.20Δ | Unavailable1 | |||||||||
Snapshot #130 · 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 | $145 | −0.33 | $5.20 Sep 28 | $520.00 | $14,500 | 3.59% | 16.2% | $139.80 | 227 | 16 |
| 0.20Δ | $135 | −0.18 | $2.73 Sep 28 | $273.00 | $13,500 | 2.02% | 9.1% | $132.27 | 518 | 2 |
Snapshot #130 · session 2026-09-28 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on GILD
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $160 | 0.33 | $2.00 Sep 28 | $200.00 | 1.31% | 15.0% | 6.43% | 73.4% | 19 | 18 |
| 0.20Δ | $165 | 0.20 | $1.50 Sep 28 | $150.00 | 0.99% | 11.2% | 9.39% | 107.1% | 17 | 1 |
Snapshot #130 · 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 | $165 | 0.32 | $4.25 Sep 28 | $425.00 | 2.79% | 12.6% | 11.20% | 50.4% | 372 | 4 |
| 0.20Δ | $175 | 0.18 | $2.08 Sep 28 | $208.00 | 1.37% | 6.2% | 16.34% | 73.6% | 155 | 26 |
Snapshot #130 · session 2026-09-28 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
GILD volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 30.3%session 2026-09-28
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Sep 28, 2026
- Open interest, stored window
- 8,361 contractssession 2026-09-28
- Largest open-interest line
- $155 call · Dec 18 · 2,278
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #234 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.
- 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.