INDA wheel: cash-secured put & covered-call yields
iShares MSCI India ETF · ETFs · $50.89 close on Nov 6, 2026
What the Nov 6, 2026 close says about INDA
At 18.6% implied volatility, the options market is pricing a one-standard-deviation move of about $3.21 (6.3%) in INDA by Dec 18, 2026, 42 days out.
Selling the $49 put (−0.31Δ) for $0.45 means assignment would leave a cost basis of $48.55, 4.6% below the $50.89 close.
Moving down to the $48 put (−0.16Δ) buys 2.0% more room below spot and keeps 67% of the 0.30Δ premium.
Open interest in the stored window totals 27,449 contracts; the largest single line is the $55 call expiring Jan 15 with 10,949 (39.9% of the window).
By options volume INDA ranks #48 of 661 names in our universe.
Near-the-money options volume (366) is 64% below its 4-session average.
The builder re-quotes every leg from the live chain when it opens; tracking is free to start.
Cash-secured puts on INDA
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $49 | −0.31 | $0.45 Nov 6 | $45.00 | $4,900 | 0.92% | 8.0% | $48.55 | 238 | 3 |
| 0.20Δ | $48 | −0.16 | $0.30 Nov 6 | $30.00 | $4,800 | 0.63% | 5.4% | $47.70 | 773 | 63 |
Snapshot #8248 · session 2026-11-06 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 42
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $48 | −0.21 | $0.50 Nov 6 | $50.00 | $4,800 | 1.04% | 5.4% | $47.50 | 533 | 8 |
Snapshot #8248 · session 2026-11-06 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 70
Covered calls on INDA
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $54 | 0.18 | $0.15 Nov 6 | $15.00 | 0.29% | 2.6% | 6.41% | 55.7% | 132 | 33 |
Snapshot #8248 · session 2026-11-06 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 42
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $53 | 0.33 | $0.65 Nov 6 | $65.00 | 1.28% | 6.7% | 5.42% | 28.3% | 3,206 | 490 |
| 0.20Δ | $54 | 0.18 | $0.34 Nov 6 | $34.00 | 0.67% | 3.5% | 6.78% | 35.3% | 465 | 5 |
Snapshot #8248 · session 2026-11-06 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 70
INDA volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 18.6%session 2026-11-06
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Nov 2, 2026
- Open interest, stored window
- 27,449 contractssession 2026-11-06
- Largest open-interest line
- $55 call · Jan 15 · 10,949
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #48 of 661 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 0.30Δ traded this session
- We are building our own daily implied-volatility history (5 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.