NEE wheel: cash-secured put & covered-call yields
NextEra Energy, Inc. · Utilities · $75.49 close on Sep 28, 2026
What the Sep 28, 2026 close says about NEE
At 26.8% implied volatility, the options market is pricing a one-standard-deviation move of about $5.99 (7.9%) in NEE by Oct 30, 2026, 32 days out.
Selling the $73 put (−0.29Δ) for $1.22 means assignment would leave a cost basis of $71.78, 4.9% below the $75.49 close.
The 81-day 0.30Δ put pays 1.7× the premium of the 32-day one for 2.5× the time — more premium per day on the 32-day contract ($0.038 vs $0.026).
Moving down to the $71 put (−0.19Δ) buys 2.6% more room below spot and keeps 58% of the 0.30Δ premium.
Open interest in the stored window totals 19,864 contracts; the largest single line is the $75 put expiring Dec 18 with 4,799 (24.2% of the window).
By options volume NEE ranks #104 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 NEE
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $73 | −0.29 | $1.22 Sep 28 | $122.00 | $7,300 | 1.67% | 19.1% | $71.78 | 9 | 2 |
| 0.20Δ | $71 | −0.19 | $0.71 Sep 28 | $71.00 | $7,100 | 1.00% | 11.4% | $70.29 | 1 | 1 |
Snapshot #190 · session 2026-09-28 · captured 22:40 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 | $72.50 | −0.32 | $2.08 Sep 28 | $208.00 | $7,250 | 2.87% | 12.9% | $70.42 | 767 | 43 |
| 0.20Δ | $70 | −0.23 | $1.36 Sep 28 | $136.00 | $7,000 | 1.94% | 8.8% | $68.64 | 3,037 | 52 |
Snapshot #190 · session 2026-09-28 · captured 22:40 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on NEE
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $81 | 0.19 | $0.55 Sep 28 | $55.00 | 0.73% | 8.3% | 8.03% | 91.6% | 75 | 1 |
Snapshot #190 · session 2026-09-28 · captured 22:40 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 | $80 | 0.33 | $1.72 Sep 28 | $172.00 | 2.28% | 10.3% | 8.25% | 37.2% | 1,059 | 46 |
| 0.20Δ | $85 | 0.16 | $0.66 Sep 28 | $66.00 | 0.87% | 3.9% | 13.47% | 60.7% | 2,278 | 54 |
Snapshot #190 · session 2026-09-28 · captured 22:40 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
NEE volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 26.8%session 2026-09-28
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Sep 28, 2026
- Open interest, stored window
- 19,864 contractssession 2026-09-28
- Largest open-interest line
- $75 put · Dec 18 · 4,799
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #104 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.
- No contract near 0.30Δ traded this session
- 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.