HONA wheel: cash-secured put & covered-call yields
Honeywell Aerospace Inc. Common Stock · Industrials · $164.77 close on Nov 9, 2026
What the Nov 9, 2026 close says about HONA
At 44.3% implied volatility, the options market is pricing a one-standard-deviation move of about $23.87 (14.5%) in HONA by Dec 18, 2026, 39 days out.
Selling the $155 put (−0.31Δ) for $4.72 means assignment would leave a cost basis of $150.28, 8.8% below the $164.77 close.
The 67-day 0.30Δ put pays 1.5× the premium of the 39-day one for 1.7× the time — more premium per day on the 39-day contract ($0.121 vs $0.103).
At 0.30Δ on the Dec 18 expiry the put yields 3.05% on its strike and the call 2.55% on spot: puts pay 1.2× what calls do on HONA this session.
Moving down to the $145 put (−0.19Δ) buys 6.1% more room below spot and keeps 55% of the 0.30Δ premium.
Open interest in the stored window totals 22,319 contracts; the largest single line is the $175 call expiring Dec 18 with 10,822 (48.5% of the window).
HONA goes ex-dividend on Nov 13, 2026 ($0.40 declared), inside the Dec 18 covered-call window. A short call that is in the money before an ex-date can be assigned early.
By options volume HONA ranks #178 of 679 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 HONA
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $155 | −0.31 | $4.72 Nov 9 | $472.00 | $15,500 | 3.05% | 28.5% | $150.28 | 937 | 9 |
| 0.20Δ | $145 | −0.19 | $2.60 Nov 9 | $260.00 | $14,500 | 1.79% | 16.8% | $142.40 | 269 | 24 |
Snapshot #8526 · session 2026-11-09 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 39
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $155 | −0.33 | $6.90 Nov 9 | $690.00 | $15,500 | 4.45% | 24.3% | $148.10 | 161 | 36 |
| 0.20Δ | $145 | −0.22 | $4.90 Nov 9 | $490.00 | $14,500 | 3.38% | 18.4% | $140.10 | 370 | 500 |
Snapshot #8526 · session 2026-11-09 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 67
Covered calls on HONA
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $180 | 0.30 | $4.20 Nov 9 | $420.00 | 2.55% | 23.9% | 11.79% | 110.4% | 577 | 37 |
| 0.20Δ | $190 | 0.17 | $2.37 Nov 9 | $237.00 | 1.44% | 13.5% | 16.75% | 156.8% | 324 | 18 |
Snapshot #8526 · session 2026-11-09 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 39
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $190 | 0.25 | $4.40 Nov 9 | $440.00 | 2.67% | 14.5% | 17.98% | 98.0% | 116 | 24 |
| 0.20Δ | Unavailable1 | |||||||||
Snapshot #8526 · session 2026-11-09 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 67
HONA volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 44.3%session 2026-11-09
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- Ex-div Nov 13, 2026 · $0.40 declaredchecked Nov 9, 2026
- Open interest, stored window
- 22,319 contractssession 2026-11-09
- Largest open-interest line
- $175 call · Dec 18 · 10,822
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #178 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.
- 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.