MTZ wheel: cash-secured put & covered-call yields
MasTec, Inc. · Industrials · $193.77 close on Nov 2, 2026
What the Nov 2, 2026 close says about MTZ
At 65.1% implied volatility, the options market is pricing a one-standard-deviation move of about $44.75 (23.1%) in MTZ by Dec 18, 2026, 46 days out.
Selling the $180 put (−0.32Δ) for $9.96 means assignment would leave a cost basis of $170.04, 12.2% below the $193.77 close.
The 74-day 0.30Δ put pays 1.2× the premium of the 46-day one for 1.6× the time — more premium per day on the 46-day contract ($0.217 vs $0.159).
At 0.30Δ on the Dec 18 expiry the put yields 5.53% on its strike and the call 4.13% on spot: puts pay 1.3× what calls do on MTZ this session.
Moving down to the $165 put (−0.21Δ) buys 7.7% more room below spot and keeps 53% of the 0.30Δ premium.
Open interest in the stored window totals 7,031 contracts; the largest single line is the $250 call expiring Jan 15 with 584 (8.3% of the window).
By options volume MTZ ranks #146 of 661 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 MTZ
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $180 | −0.32 | $9.96 Nov 2 | $996.00 | $18,000 | 5.53% | 43.9% | $170.04 | 184 | 4 |
| 0.20Δ | $165 | −0.21 | $5.27 Nov 2 | $527.00 | $16,500 | 3.19% | 25.3% | $159.73 | 31 | 4 |
Snapshot #7132 · session 2026-11-02 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 46
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $180 | −0.33 | $11.80 Nov 2 | $1,180.00 | $18,000 | 6.56% | 32.3% | $168.20 | 194 | 1 |
| 0.20Δ | $160 | −0.19 | $7.70 Nov 2 | $770.00 | $16,000 | 4.81% | 23.7% | $152.30 | 54 | 35 |
Snapshot #7132 · session 2026-11-02 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 74
Covered calls on MTZ
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $220 | 0.33 | $8.00 Nov 2 | $800.00 | 4.13% | 32.8% | 17.67% | 140.2% | 165 | 283 |
| 0.20Δ | $240 | 0.18 | $4.30 Nov 2 | $430.00 | 2.22% | 17.6% | 26.08% | 206.9% | 45 | 19 |
Snapshot #7132 · session 2026-11-02 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 46
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $230 | 0.31 | $9.20 Nov 2 | $920.00 | 4.75% | 23.4% | 23.45% | 115.6% | 238 | 23 |
| 0.20Δ | $250 | 0.20 | $5.30 Nov 2 | $530.00 | 2.74% | 13.5% | 31.75% | 156.6% | 584 | 145 |
Snapshot #7132 · session 2026-11-02 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 74
MTZ volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 65.1%session 2026-11-02
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Nov 2, 2026
- Open interest, stored window
- 7,031 contractssession 2026-11-02
- Largest open-interest line
- $250 call · Jan 15 · 584
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #146 of 661 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.