INTC wheel: cash-secured put & covered-call yields
Intel Corp · Technology · $62.50 close on Nov 11, 2026
What the Nov 11, 2026 close says about INTC
At 62.6% implied volatility, the options market is pricing a one-standard-deviation move of about $11.22 (17.9%) in INTC by Dec 11, 2026, 30 days out.
Selling the $58 put (−0.31Δ) for $2.48 means assignment would leave a cost basis of $55.52, 11.2% below the $62.50 close.
The 65-day 0.30Δ put pays 1.6× the premium of the 30-day one for 2.2× the time — more premium per day on the 30-day contract ($0.083 vs $0.061).
At 0.30Δ on the Dec 11 expiry the put yields 4.28% on its strike and the call 3.20% on spot: puts pay 1.3× what calls do on INTC this session.
Moving down to the $54 put (−0.19Δ) buys 6.4% more room below spot and keeps 52% of the 0.30Δ premium.
Open interest in the stored window totals 395,499 contracts; the largest single line is the $75 call expiring Jan 15 with 37,984 (9.6% of the window).
By options volume INTC ranks #22 of 679 names in our universe.
Near-the-money options volume (6.2k) is 124% above 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 INTC
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $58 | −0.31 | $2.48 Nov 11 | $248.00 | $5,800 | 4.28% | 52.0% | $55.52 | 177 | 36 |
| 0.20Δ | $54 | −0.19 | $1.28 Nov 11 | $128.00 | $5,400 | 2.37% | 28.8% | $52.72 | 57 | 19 |
Snapshot #9118 · session 2026-11-11 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 30
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $57.50 | −0.32 | $3.95 Nov 11 | $395.00 | $5,750 | 6.87% | 38.6% | $53.55 | 6,613 | 420 |
| 0.20Δ | $52.50 | −0.21 | $2.30 Nov 11 | $230.00 | $5,250 | 4.38% | 24.6% | $50.20 | 10,034 | 142 |
Snapshot #9118 · session 2026-11-11 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 65
Covered calls on INTC
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $70 | 0.30 | $2.00 Nov 11 | $200.00 | 3.20% | 38.9% | 15.20% | 184.9% | 4,781 | 2,586 |
| 0.20Δ | $75 | 0.19 | $1.12 Nov 11 | $112.00 | 1.79% | 21.8% | 21.79% | 265.1% | 21,916 | 5,299 |
Snapshot #9118 · session 2026-11-11 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 30
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $75 | 0.29 | $2.66 Nov 11 | $266.00 | 4.26% | 23.9% | 24.26% | 136.2% | 37,984 | 1,980 |
| 0.20Δ | $80 | 0.22 | $1.85 Nov 11 | $185.00 | 2.96% | 16.6% | 30.96% | 173.9% | 37,891 | 2,509 |
Snapshot #9118 · session 2026-11-11 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 65
INTC volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 62.6%session 2026-11-11
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 395,499 contractssession 2026-11-11
- Largest open-interest line
- $75 call · Jan 15 · 37,984
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #22 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 (33 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.