MDB wheel: cash-secured put & covered-call yields
MongoDB, Inc. Class A · Technology · $334.68 close on Sep 28, 2026
What the Sep 28, 2026 close says about MDB
At 61.1% implied volatility, the options market is pricing a one-standard-deviation move of about $60.54 (18.1%) in MDB by Oct 30, 2026, 32 days out.
Selling the $310 put (−0.29Δ) for $11.80 means assignment would leave a cost basis of $298.20, 10.9% below the $334.68 close.
The 81-day 0.30Δ put pays 2.1× the premium of the 32-day one for 2.5× the time — more premium per day on the 32-day contract ($0.369 vs $0.304).
At 0.30Δ on the Oct 30 expiry the put yields 3.81% on its strike and the call 3.58% on spot: puts and calls pay within 10% of each other on MDB this session.
Moving down to the $295 put (−0.20Δ) buys 4.5% more room below spot and keeps 67% of the 0.30Δ premium.
Open interest in the stored window totals 11,977 contracts; the largest single line is the $390 call expiring Dec 18 with 1,205 (10.1% of the window).
By options volume MDB ranks #58 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 MDB
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $310 | −0.29 | $11.80 Sep 28 | $1,180.00 | $31,000 | 3.81% | 43.4% | $298.20 | 13 | 78 |
| 0.20Δ | $295 | −0.20 | $7.95 Sep 28 | $795.00 | $29,500 | 2.69% | 30.7% | $287.05 | 4 | 68 |
Snapshot #174 · session 2026-09-28 · captured 22:32 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 | $300 | −0.29 | $24.59 Sep 28 | $2,459.00 | $30,000 | 8.20% | 36.9% | $275.41 | 590 | 224 |
| 0.20Δ | $270 | −0.19 | $13.50 Sep 28 | $1,350.00 | $27,000 | 5.00% | 22.5% | $256.50 | 151 | 153 |
Snapshot #174 · session 2026-09-28 · captured 22:32 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on MDB
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $380 | 0.31 | $11.97 Sep 28 | $1,197.00 | 3.58% | 40.8% | 17.12% | 195.3% | 41 | 235 |
| 0.20Δ | $405 | 0.19 | $7.45 Sep 28 | $745.00 | 2.23% | 25.4% | 23.24% | 265.0% | 20 | 10 |
Snapshot #174 · session 2026-09-28 · captured 22:32 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 | $430 | 0.29 | $18.19 Sep 28 | $1,819.00 | 5.44% | 24.5% | 33.92% | 152.8% | 513 | 34 |
| 0.20Δ | $480 | 0.18 | $11.05 Sep 28 | $1,105.00 | 3.30% | 14.9% | 46.72% | 210.5% | 98 | 6 |
Snapshot #174 · session 2026-09-28 · captured 22:32 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
MDB volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 61.1%session 2026-09-28
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Sep 28, 2026
- Open interest, stored window
- 11,977 contractssession 2026-09-28
- Largest open-interest line
- $390 call · Dec 18 · 1,205
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #58 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.