MNST wheel: cash-secured put & covered-call yields
Monster Beverage Corporation · Consumer staples · $45.57 close on Nov 12, 2026
What the Nov 12, 2026 close says about MNST
At 28.1% implied volatility, the options market is pricing a one-standard-deviation move of about $4.03 (8.8%) in MNST by Dec 18, 2026, 36 days out.
Selling the $43.75 put (−0.29Δ) for $0.70 means assignment would leave a cost basis of $43.05, 5.5% below the $45.57 close.
The 64-day 0.30Δ put pays 1.6× the premium of the 36-day one for 1.8× the time — more premium per day on the 36-day contract ($0.019 vs $0.017).
At 0.30Δ on the Dec 18 expiry the put yields 1.60% on its strike and the call 1.76% on spot: puts and calls pay within 10% of each other on MNST this session.
Moving down to the $42.50 put (−0.20Δ) buys 2.7% more room below spot and keeps 57% of the 0.30Δ premium.
Open interest in the stored window totals 15,865 contracts; the largest single line is the $50 call expiring Dec 18 with 1,838 (11.6% of the window).
By options volume MNST ranks #155 of 679 names in our universe.
Near-the-money options volume (843) is 56% 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 MNST
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $43.75 | −0.29 | $0.70 Nov 12 | $70.00 | $4,375 | 1.60% | 16.2% | $43.05 | 363 | 22 |
| 0.20Δ | $42.50 | −0.20 | $0.40 Nov 12 | $40.00 | $4,250 | 0.94% | 9.5% | $42.10 | 1,283 | 102 |
Snapshot #9433 · 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 | $43.75 | −0.33 | $1.10 Nov 12 | $110.00 | $4,375 | 2.51% | 14.3% | $42.65 | 451 | 4 |
| 0.20Δ | $41.25 | −0.17 | $0.50 Nov 12 | $50.00 | $4,125 | 1.21% | 6.9% | $40.75 | 740 | 5 |
Snapshot #9433 · session 2026-11-12 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 64
Covered calls on MNST
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $47.50 | 0.32 | $0.80 Nov 12 | $80.00 | 1.76% | 17.8% | 5.99% | 60.7% | 1,030 | 10 |
| 0.20Δ | $48.75 | 0.23 | $0.50 Nov 12 | $50.00 | 1.10% | 11.1% | 8.08% | 81.9% | 481 | 7 |
Snapshot #9433 · 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 | $48.75 | 0.28 | $0.95 Nov 12 | $95.00 | 2.08% | 11.9% | 9.06% | 51.7% | 304 | 3 |
| 0.20Δ | $50 | 0.23 | $0.66 Nov 12 | $66.00 | 1.45% | 8.3% | 11.17% | 63.7% | 1,450 | 8 |
Snapshot #9433 · session 2026-11-12 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 64
MNST volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 28.1%session 2026-11-12
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 15,865 contractssession 2026-11-12
- Largest open-interest line
- $50 call · Dec 18 · 1,838
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #155 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.