HUT wheel: cash-secured put & covered-call yields
Hut 8 Corp. Common Stock · Financials · $85.24 close on Oct 12, 2026
What the Oct 12, 2026 close says about HUT
At 94.2% implied volatility, the options market is pricing a one-standard-deviation move of about $23.78 (27.9%) in HUT by Nov 13, 2026, 32 days out.
Selling the $77 put (−0.30Δ) for $5.96 means assignment would leave a cost basis of $71.04, 16.7% below the $85.24 close.
The 67-day 0.30Δ put pays 1.2× the premium of the 32-day one for 2.1× the time — more premium per day on the 32-day contract ($0.186 vs $0.110).
At 0.30Δ on the Nov 13 expiry the put yields 7.74% on its strike and the call 4.93% on spot: puts pay 1.6× what calls do on HUT this session.
Open interest in the stored window totals 13,174 contracts; the largest single line is the $90 call expiring Dec 18 with 4,454 (33.8% of the window).
By options volume HUT ranks #184 of 572 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 HUT
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $77 | −0.30 | $5.96 Oct 12 | $596.00 | $7,700 | 7.74% | 88.3% | $71.04 | 54 | 12 |
| 0.20Δ | Unavailable1 | |||||||||
Snapshot #2823 · session 2026-10-12 · captured 22:21 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 | $75 | −0.29 | $7.35 Oct 12 | $735.00 | $7,500 | 9.80% | 53.4% | $67.65 | 73 | 1 |
| 0.20Δ | $70 | −0.22 | $5.07 Oct 12 | $507.00 | $7,000 | 7.24% | 39.5% | $64.93 | 611 | 40 |
Snapshot #2823 · session 2026-10-12 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 67
Covered calls on HUT
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $101 | 0.32 | $4.20 Oct 12 | $420.00 | 4.93% | 56.2% | 23.42% | 267.1% | 5 | 1 |
| 0.20Δ | $110 | 0.21 | $2.75 Oct 12 | $275.00 | 3.23% | 36.8% | 32.27% | 368.1% | 4 | 47 |
Snapshot #2823 · session 2026-10-12 · captured 22:21 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 | $110 | 0.31 | $5.15 Oct 12 | $515.00 | 6.04% | 32.9% | 35.09% | 191.2% | 147 | 15 |
| 0.20Δ | $120 | 0.24 | $3.75 Oct 12 | $375.00 | 4.40% | 24.0% | 45.18% | 246.1% | 360 | 2 |
Snapshot #2823 · session 2026-10-12 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 67
HUT volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 94.2%session 2026-10-12
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Oct 12, 2026
- Open interest, stored window
- 13,174 contractssession 2026-10-12
- Largest open-interest line
- $90 call · Dec 18 · 4,454
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #184 of 572 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.