MXL wheel: cash-secured put & covered-call yields
MaxLinear, Inc. Common Stock · Technology · $77.11 close on Oct 19, 2026
What the Oct 19, 2026 close says about MXL
At 115.5% implied volatility, the options market is pricing a one-standard-deviation move of about $26.38 (34.2%) in MXL by Nov 20, 2026, 32 days out.
Selling the $70 put (−0.31Δ) for $6.90 means assignment would leave a cost basis of $63.10, 18.2% below the $77.11 close.
The 60-day 0.30Δ put pays 1.3× the premium of the 32-day one for 1.9× the time — more premium per day on the 32-day contract ($0.216 vs $0.149).
At 0.30Δ on the Nov 20 expiry the put yields 9.86% on its strike and the call 5.28% on spot: puts pay 1.9× what calls do on MXL this session.
Moving down to the $60 put (−0.18Δ) buys 13.0% more room below spot and keeps 47% of the 0.30Δ premium.
Open interest in the stored window totals 24,783 contracts; the largest single line is the $65 put expiring Dec 18 with 4,102 (16.6% of the window).
By options volume MXL ranks #204 of 608 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 MXL
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $70 | −0.31 | $6.90 Oct 19 | $690.00 | $7,000 | 9.86% | 112.4% | $63.10 | 328 | 19 |
| 0.20Δ | $60 | −0.18 | $3.24 Oct 19 | $324.00 | $6,000 | 5.40% | 61.6% | $56.76 | 394 | 506 |
Snapshot #4315 · session 2026-10-19 · captured 22:30 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 | $70 | −0.32 | $8.92 Oct 19 | $892.00 | $7,000 | 12.74% | 77.5% | $61.08 | 3,173 | 21 |
| 0.20Δ | $60 | −0.21 | $4.80 Oct 19 | $480.00 | $6,000 | 8.00% | 48.7% | $55.20 | 351 | 24 |
Snapshot #4315 · session 2026-10-19 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 60
Covered calls on MXL
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $100 | 0.29 | $4.07 Oct 19 | $407.00 | 5.28% | 60.2% | 34.96% | 398.8% | 463 | 182 |
| 0.20Δ | $110 | 0.20 | $2.60 Oct 19 | $260.00 | 3.37% | 38.5% | 46.03% | 525.0% | 358 | 318 |
Snapshot #4315 · session 2026-10-19 · captured 22:30 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 | $110 | 0.28 | $4.85 Oct 19 | $485.00 | 6.29% | 38.3% | 48.94% | 297.7% | 317 | 222 |
| 0.20Δ | $115 | 0.24 | $4.20 Oct 19 | $420.00 | 5.45% | 33.1% | 54.58% | 332.1% | 1,051 | 1 |
Snapshot #4315 · session 2026-10-19 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 60
MXL volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 115.5%session 2026-10-19
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Oct 19, 2026
- Open interest, stored window
- 24,783 contractssession 2026-10-19
- Largest open-interest line
- $65 put · Dec 18 · 4,102
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #204 of 608 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.