ORLY wheel: cash-secured put & covered-call yields
O'Reilly Automotive, Inc. · Consumer discretionary · $91.56 close on Nov 12, 2026
What the Nov 12, 2026 close says about ORLY
At 26.6% implied volatility, the options market is pricing a one-standard-deviation move of about $7.64 (8.3%) in ORLY by Dec 18, 2026, 36 days out.
Open interest in the stored window totals 12,383 contracts; the largest single line is the $95 call expiring Dec 18 with 2,367 (19.1% of the window).
By options volume ORLY ranks #204 of 679 names in our universe.
Near-the-money options volume (424) is 57% 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 ORLY
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $85 | −0.16 | $0.70 Nov 12 | $70.00 | $8,500 | 0.82% | 8.3% | $84.30 | 478 | 8 |
Snapshot #9467 · session 2026-11-12 · captured 22:12 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 | $87.50 | −0.29 | $1.85 Nov 12 | $185.00 | $8,750 | 2.11% | 12.1% | $85.65 | 34 | 2 |
| 0.20Δ | $85 | −0.21 | $1.25 Nov 12 | $125.00 | $8,500 | 1.47% | 8.4% | $83.75 | 1,364 | 6 |
Snapshot #9467 · session 2026-11-12 · captured 22:12 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 64
Covered calls on ORLY
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $97.50 | 0.22 | $1.00 Nov 12 | $100.00 | 1.09% | 11.1% | 7.58% | 76.9% | 313 | 1 |
Snapshot #9467 · session 2026-11-12 · captured 22:12 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 | $97.50 | 0.31 | $1.90 Nov 12 | $190.00 | 2.08% | 11.8% | 8.56% | 48.8% | 549 | 1 |
| 0.20Δ | $100 | 0.24 | $1.22 Nov 12 | $122.00 | 1.33% | 7.6% | 10.55% | 60.2% | 1,755 | 4 |
Snapshot #9467 · session 2026-11-12 · captured 22:12 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 64
ORLY volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 26.6%session 2026-11-12
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 12,383 contractssession 2026-11-12
- Largest open-interest line
- $95 call · Dec 18 · 2,367
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #204 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 0.30Δ traded this session
- We are building our own daily implied-volatility history (24 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.