NXPI wheel: cash-secured put & covered-call yields
NXP Semiconductors N.V. · Technology · $256.42 close on Nov 9, 2026
What the Nov 9, 2026 close says about NXPI
At 49.2% implied volatility, the options market is pricing a one-standard-deviation move of about $41.20 (16.1%) in NXPI by Dec 18, 2026, 39 days out.
Selling the $240 put (−0.31Δ) for $8.70 means assignment would leave a cost basis of $231.30, 9.8% below the $256.42 close.
The 67-day 0.30Δ put pays 1.4× the premium of the 39-day one for 1.7× the time — more premium per day on the 39-day contract ($0.223 vs $0.179).
At 0.30Δ on the Dec 18 expiry the put yields 3.62% on its strike and the call 3.35% on spot: puts and calls pay within 10% of each other on NXPI this session.
Moving down to the $230 put (−0.23Δ) buys 3.9% more room below spot and keeps 66% of the 0.30Δ premium.
Open interest in the stored window totals 78,283 contracts; the largest single line is the $300 call expiring Dec 18 with 18,907 (24.2% of the window).
By options volume NXPI ranks #219 of 679 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 NXPI
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $240 | −0.31 | $8.70 Nov 9 | $870.00 | $24,000 | 3.62% | 33.9% | $231.30 | 543 | 6 |
| 0.20Δ | $230 | −0.23 | $5.72 Nov 9 | $572.00 | $23,000 | 2.49% | 23.3% | $224.28 | 744 | 45 |
Snapshot #8599 · session 2026-11-09 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 39
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $240 | −0.33 | $12.00 Nov 9 | $1,200.00 | $24,000 | 5.00% | 27.2% | $228.00 | 288 | 26 |
| 0.20Δ | $220 | −0.20 | $6.80 Nov 9 | $680.00 | $22,000 | 3.09% | 16.8% | $213.20 | 658 | 16 |
Snapshot #8599 · session 2026-11-09 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 67
Covered calls on NXPI
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $280 | 0.32 | $8.60 Nov 9 | $860.00 | 3.35% | 31.4% | 12.55% | 117.5% | 248 | 14 |
| 0.20Δ | $300 | 0.17 | $4.20 Nov 9 | $420.00 | 1.64% | 15.3% | 18.63% | 174.4% | 18,907 | 44 |
Snapshot #8599 · session 2026-11-09 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 39
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $290 | 0.31 | $9.90 Nov 9 | $990.00 | 3.86% | 21.0% | 16.96% | 92.4% | 6,003 | 19 |
| 0.20Δ | $310 | 0.20 | $4.80 Nov 9 | $480.00 | 1.87% | 10.2% | 22.77% | 124.0% | 234 | 14 |
Snapshot #8599 · session 2026-11-09 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 67
NXPI volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 49.2%session 2026-11-09
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 78,283 contractssession 2026-11-09
- Largest open-interest line
- $300 call · Dec 18 · 18,907
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #219 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.
- 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.