MUU wheel: cash-secured put & covered-call yields
Direxion Shares ETF Trust Direxion Daily MU Bull 2X ETF · ETFs · $35.14 close on Oct 6, 2026
What the Oct 6, 2026 close says about MUU
At 74.9% implied volatility, the options market is pricing a one-standard-deviation move of about $7.67 (21.8%) in MUU by Nov 6, 2026, 31 days out.
Open interest in the stored window totals 26,218 contracts; the largest single line is the $50 call expiring Dec 18 with 2,151 (8.2% of the window).
By options volume MUU ranks #242 of 514 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 MUU
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $30 | −0.23 | $1.35 Oct 6 | $135.00 | $3,000 | 4.50% | 53.0% | $28.65 | 321 | 71 |
Snapshot #1754 · session 2026-10-06 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 31
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $29.75 | −0.28 | $2.70 Oct 6 | $270.00 | $2,975 | 9.08% | 45.4% | $27.05 | 118 | 2 |
| 0.20Δ | $27 | −0.20 | $1.75 Oct 6 | $175.00 | $2,700 | 6.48% | 32.4% | $25.25 | 152 | 13 |
Snapshot #1754 · session 2026-10-06 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 73
Covered calls on MUU
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $39 | 0.34 | $2.80 Oct 6 | $280.00 | 7.97% | 93.8% | 18.95% | 223.2% | 22 | 15 |
| 0.20Δ | $45 | 0.16 | $1.10 Oct 6 | $110.00 | 3.13% | 36.9% | 31.19% | 367.2% | 107 | 58 |
Snapshot #1754 · session 2026-10-06 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 31
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $50 | 0.22 | $2.00 Oct 6 | $200.00 | 5.69% | 28.5% | 47.98% | 239.9% | 2,151 | 298 |
Snapshot #1754 · session 2026-10-06 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 73
MUU volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 74.9%session 2026-10-06
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Oct 5, 2026
- Open interest, stored window
- 26,218 contractssession 2026-10-06
- Largest open-interest line
- $50 call · Dec 18 · 2,151
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #242 of 514 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 (2 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.