INTU wheel: cash-secured put & covered-call yields
Intuit Inc · Technology · $269.40 close on Sep 28, 2026
What the Sep 28, 2026 close says about INTU
At 44.9% implied volatility, the options market is pricing a one-standard-deviation move of about $35.85 (13.3%) in INTU by Oct 30, 2026, 32 days out.
Selling the $250 put (−0.28Δ) for $6.96 means assignment would leave a cost basis of $243.04, 9.8% below the $269.40 close.
The 81-day 0.30Δ put pays 1.8× the premium of the 32-day one for 2.5× the time — more premium per day on the 32-day contract ($0.218 vs $0.154).
At 0.30Δ on the Oct 30 expiry the put yields 2.78% on its strike and the call 2.51% on spot: puts pay 1.1× what calls do on INTU this session.
Moving down to the $240 put (−0.19Δ) buys 3.7% more room below spot and keeps 62% of the 0.30Δ premium.
Open interest in the stored window totals 10,263 contracts; the largest single line is the $250 put expiring Dec 18 with 1,199 (11.7% of the window).
INTU goes ex-dividend on Oct 8, 2026 ($1.38 declared), inside the Oct 30 covered-call window. A short call that is in the money before an ex-date can be assigned early.
By options volume INTU ranks #218 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 INTU
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $250 | −0.28 | $6.96 Sep 28 | $696.00 | $25,000 | 2.78% | 31.8% | $243.04 | 561 | 55 |
| 0.20Δ | $240 | −0.19 | $4.30 Sep 28 | $430.00 | $24,000 | 1.79% | 20.4% | $235.70 | 453 | 27 |
Snapshot #151 · 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 | $240 | −0.28 | $12.50 Sep 28 | $1,250.00 | $24,000 | 5.21% | 23.5% | $227.50 | 269 | 196 |
| 0.20Δ | $230 | −0.22 | $9.50 Sep 28 | $950.00 | $23,000 | 4.13% | 18.6% | $220.50 | 269 | 44 |
Snapshot #151 · session 2026-09-28 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on INTU
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $290 | 0.32 | $6.75 Sep 28 | $675.00 | 2.51% | 28.6% | 10.15% | 115.8% | 7 | 2 |
| 0.20Δ | $305 | 0.18 | $4.24 Sep 28 | $424.00 | 1.57% | 18.0% | 14.79% | 168.7% | 61 | 1 |
Snapshot #151 · 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 | $320 | 0.28 | $10.40 Sep 28 | $1,040.00 | 3.86% | 17.4% | 22.64% | 102.0% | 497 | 14 |
| 0.20Δ | $340 | 0.20 | $6.90 Sep 28 | $690.00 | 2.56% | 11.5% | 28.77% | 129.6% | 290 | 2 |
Snapshot #151 · session 2026-09-28 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
INTU volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 44.9%session 2026-09-28
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- Ex-div Oct 8, 2026 · $1.38 declaredchecked Sep 28, 2026
- Open interest, stored window
- 10,263 contractssession 2026-09-28
- Largest open-interest line
- $250 put · Dec 18 · 1,199
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #218 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.
- 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.