JCI wheel: cash-secured put & covered-call yields
Johnson Controls International plc · Industrials · $148.89 close on Sep 28, 2026
What the Sep 28, 2026 close says about JCI
At 35.4% implied volatility, the options market is pricing a one-standard-deviation move of about $20.06 (13.5%) in JCI by Nov 20, 2026, 53 days out.
Open interest in the stored window totals 6,479 contracts; the largest single line is the $175 call expiring Dec 18 with 1,516 (23.4% of the window).
By options volume JCI ranks #83 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 JCI
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $135 | −0.22 | $2.65 Sep 28 | $265.00 | $13,500 | 1.96% | 13.5% | $132.35 | 696 | 2 |
Snapshot #157 · session 2026-09-28 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 53
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $140 | −0.31 | $5.50 Sep 28 | $550.00 | $14,000 | 3.93% | 17.7% | $134.50 | 35 | 2 |
| 0.20Δ | $130 | −0.18 | $2.85 Sep 28 | $285.00 | $13,000 | 2.19% | 9.9% | $127.15 | 32 | 3 |
Snapshot #157 · session 2026-09-28 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on JCI
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $160 | 0.33 | $4.24 Sep 28 | $424.00 | 2.85% | 19.6% | 10.31% | 71.0% | 27 | 2 |
| 0.20Δ | $170 | 0.18 | $1.85 Sep 28 | $185.00 | 1.24% | 8.6% | 15.42% | 106.2% | 16 | 6 |
Snapshot #157 · session 2026-09-28 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 53
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $165 | 0.30 | $4.00 Sep 28 | $400.00 | 2.69% | 12.1% | 13.51% | 60.9% | 41 | 3 |
| 0.20Δ | $170 | 0.22 | $3.50 Sep 28 | $350.00 | 2.35% | 10.6% | 16.53% | 74.5% | 52 | 1 |
Snapshot #157 · session 2026-09-28 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
JCI volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 35.4%session 2026-09-28
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Sep 28, 2026
- Open interest, stored window
- 6,479 contractssession 2026-09-28
- Largest open-interest line
- $175 call · Dec 18 · 1,516
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #83 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.
- No contract near 0.30Δ 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.