OKLO wheel: cash-secured put & covered-call yields
Oklo Inc. · Utilities · $32.21 close on Oct 12, 2026
What the Oct 12, 2026 close says about OKLO
At 67.9% implied volatility, the options market is pricing a one-standard-deviation move of about $6.47 (20.1%) in OKLO by Nov 13, 2026, 32 days out.
Selling the $30 put (−0.32Δ) for $1.55 means assignment would leave a cost basis of $28.45, 11.7% below the $32.21 close.
The 67-day 0.30Δ put pays 1.6× the premium of the 32-day one for 2.1× the time — more premium per day on the 32-day contract ($0.048 vs $0.038).
At 0.30Δ on the Nov 13 expiry the put yields 5.17% on its strike and the call 3.76% on spot: puts pay 1.4× what calls do on OKLO this session.
Moving down to the $28 put (−0.20Δ) buys 6.2% more room below spot and keeps 54% of the 0.30Δ premium.
Open interest in the stored window totals 13,706 contracts; the largest single line is the $40 call expiring Dec 18 with 5,056 (36.9% of the window).
By options volume OKLO ranks #204 of 572 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 OKLO
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $30 | −0.32 | $1.55 Oct 12 | $155.00 | $3,000 | 5.17% | 58.9% | $28.45 | 149 | 68 |
| 0.20Δ | $28 | −0.20 | $0.84 Oct 12 | $84.00 | $2,800 | 3.00% | 34.2% | $27.16 | 78 | 20 |
Snapshot #2896 · session 2026-10-12 · 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 | $30 | −0.34 | $2.55 Oct 12 | $255.00 | $3,000 | 8.50% | 46.3% | $27.45 | 2,292 | 83 |
| 0.20Δ | Unavailable1 | |||||||||
Snapshot #2896 · session 2026-10-12 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 67
Covered calls on OKLO
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $37 | 0.31 | $1.21 Oct 12 | $121.00 | 3.76% | 42.8% | 18.63% | 212.5% | 91 | 44 |
| 0.20Δ | $40 | 0.18 | $0.74 Oct 12 | $74.00 | 2.30% | 26.2% | 26.48% | 302.1% | 87 | 68 |
Snapshot #2896 · session 2026-10-12 · 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 | $40 | 0.30 | $1.66 Oct 12 | $166.00 | 5.15% | 28.1% | 29.34% | 159.8% | 5,056 | 366 |
| 0.20Δ | $45 | 0.20 | $1.00 Oct 12 | $100.00 | 3.10% | 16.9% | 42.81% | 233.2% | 2,775 | 76 |
Snapshot #2896 · session 2026-10-12 · captured 22:30 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 67
OKLO volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 67.9%session 2026-10-12
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Oct 12, 2026
- Open interest, stored window
- 13,706 contractssession 2026-10-12
- Largest open-interest line
- $40 call · Dec 18 · 5,056
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #204 of 572 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 (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.