NU wheel: cash-secured put & covered-call yields
Nu Holdings Ltd. · $11.83 close on Nov 12, 2026
What the Nov 12, 2026 close says about NU
At 57.3% implied volatility, the options market is pricing a one-standard-deviation move of about $2.13 (18.0%) in NU by Dec 18, 2026, 36 days out.
Selling the $11 put (−0.27Δ) for $0.42 means assignment would leave a cost basis of $10.58, 10.6% below the $11.83 close.
The 64-day 0.30Δ put pays 1.3× the premium of the 36-day one for 1.8× the time — more premium per day on the 36-day contract ($0.012 vs $0.008).
At 0.30Δ on the Dec 18 expiry the put yields 3.82% on its strike and the call 3.21% on spot: puts pay 1.2× what calls do on NU this session.
Open interest in the stored window totals 362,727 contracts; the largest single line is the $15 call expiring Jan 15 with 73,787 (20.3% of the window).
By options volume NU ranks #211 of 679 names in our universe.
Near-the-money options volume (4.5k) is 1195% 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 NU
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $11 | −0.27 | $0.42 Nov 12 | $42.00 | $1,100 | 3.82% | 38.7% | $10.58 | 26,141 | 865 |
| 0.20Δ | Unavailable1 | |||||||||
Snapshot #9457 · 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 | $11 | −0.29 | $0.54 Nov 12 | $54.00 | $1,100 | 4.91% | 28.0% | $10.46 | 39,270 | 5,139 |
| 0.20Δ | $10 | −0.17 | $0.26 Nov 12 | $26.00 | $1,000 | 2.60% | 14.8% | $9.74 | 39,389 | 2,256 |
Snapshot #9457 · session 2026-11-12 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 64
Covered calls on NU
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $13 | 0.33 | $0.38 Nov 12 | $38.00 | 3.21% | 32.6% | 13.10% | 132.8% | 30,958 | 3,310 |
| 0.20Δ | $14 | 0.19 | $0.18 Nov 12 | $18.00 | 1.52% | 15.4% | 19.86% | 201.4% | 28,773 | 1,555 |
Snapshot #9457 · 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 | $14 | 0.26 | $0.33 Nov 12 | $33.00 | 2.79% | 15.9% | 21.13% | 120.5% | 12,755 | 1,526 |
| 0.20Δ | $15 | 0.15 | $0.18 Nov 12 | $18.00 | 1.52% | 8.7% | 28.32% | 161.5% | 73,787 | 2,004 |
Snapshot #9457 · session 2026-11-12 · captured 22:11 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 64
NU volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 57.3%session 2026-11-12
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 362,727 contractssession 2026-11-12
- Largest open-interest line
- $15 call · Jan 15 · 73,787
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #211 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.
- No contract near 0.20Δ traded this session
- 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.