MDB wheel: cash-secured put & covered-call yields
MongoDB, Inc. Class A · Technology · $339.78 close on Nov 12, 2026
What the Nov 12, 2026 close says about MDB
At 85.9% implied volatility, the options market is pricing a one-standard-deviation move of about $91.66 (27.0%) in MDB by Dec 18, 2026, 36 days out.
Selling the $310 put (−0.32Δ) for $23.96 means assignment would leave a cost basis of $286.04, 15.8% below the $339.78 close.
The 64-day 0.30Δ put pays 0.9× the premium of the 36-day one for 1.8× the time — more premium per day on the 36-day contract ($0.666 vs $0.348).
At 0.30Δ on the Dec 18 expiry the put yields 7.73% on its strike and the call 3.38% on spot: puts pay 2.3× what calls do on MDB this session.
Moving down to the $280 put (−0.20Δ) buys 8.8% more room below spot and keeps 48% of the 0.30Δ premium.
Open interest in the stored window totals 40,066 contracts; the largest single line is the $390 call expiring Dec 18 with 3,269 (8.2% of the window).
By options volume MDB ranks #210 of 679 names in our universe.
Near-the-money options volume (165) is 49% below 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 MDB
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $310 | −0.32 | $23.96 Nov 12 | $2,396.00 | $31,000 | 7.73% | 78.4% | $286.04 | 298 | 12 |
| 0.20Δ | $280 | −0.20 | $11.52 Nov 12 | $1,152.00 | $28,000 | 4.11% | 41.7% | $268.48 | 741 | 4 |
Snapshot #9428 · session 2026-11-12 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 36
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $300 | −0.29 | $22.30 Nov 12 | $2,230.00 | $30,000 | 7.43% | 42.4% | $277.70 | 1,046 | 5 |
| 0.20Δ | $270 | −0.19 | $13.45 Nov 12 | $1,345.00 | $27,000 | 4.98% | 28.4% | $256.55 | 1,781 | 255 |
Snapshot #9428 · session 2026-11-12 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 64
Covered calls on MDB
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $410 | 0.27 | $11.50 Nov 12 | $1,150.00 | 3.38% | 34.3% | 24.05% | 243.8% | 1,116 | 10 |
| 0.20Δ | $430 | 0.20 | $9.25 Nov 12 | $925.00 | 2.72% | 27.6% | 29.27% | 296.8% | 538 | 21 |
Snapshot #9428 · session 2026-11-12 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 36
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $430 | 0.26 | $14.25 Nov 12 | $1,425.00 | 4.19% | 23.9% | 30.75% | 175.4% | 1,008 | 20 |
| 0.20Δ | $450 | 0.22 | $11.05 Nov 12 | $1,105.00 | 3.25% | 18.5% | 35.69% | 203.5% | 1,487 | 4 |
Snapshot #9428 · session 2026-11-12 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 64
MDB volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 85.9%session 2026-11-12
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 40,066 contractssession 2026-11-12
- Largest open-interest line
- $390 call · Dec 18 · 3,269
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #210 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 (34 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.