ORLY wheel: cash-secured put & covered-call yields
O'Reilly Automotive, Inc. · Consumer discretionary · $86.51 close on Sep 28, 2026
What the Sep 28, 2026 close says about ORLY
At 29.6% implied volatility, the options market is pricing a one-standard-deviation move of about $9.75 (11.3%) in ORLY by Nov 20, 2026, 53 days out.
Open interest in the stored window totals 11,267 contracts; the largest single line is the $100 call expiring Nov 20 with 3,362 (29.8% of the window).
By options volume ORLY ranks #124 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 ORLY
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $80 | −0.23 | $1.60 Sep 28 | $160.00 | $8,000 | 2.00% | 13.8% | $78.40 | 748 | 16 |
Snapshot #205 · session 2026-09-28 · captured 22:41 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 53
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $80 | −0.26 | $2.25 Sep 28 | $225.00 | $8,000 | 2.81% | 12.7% | $77.75 | 404 | 18 |
| 0.20Δ | $75 | −0.16 | $1.15 Sep 28 | $115.00 | $7,500 | 1.53% | 6.9% | $73.85 | 122 | 146 |
Snapshot #205 · session 2026-09-28 · captured 22:41 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
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 | $95 | 0.24 | $1.15 Sep 28 | $115.00 | 1.33% | 9.2% | 11.14% | 76.7% | 2,124 | 462 |
Snapshot #205 · session 2026-09-28 · captured 22:41 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 53
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $95 | 0.29 | $2.10 Sep 28 | $210.00 | 2.43% | 10.9% | 12.24% | 55.2% | 398 | 1 |
| 0.20Δ | $100 | 0.19 | $1.20 Sep 28 | $120.00 | 1.39% | 6.3% | 16.98% | 76.5% | 1,050 | 103 |
Snapshot #205 · session 2026-09-28 · captured 22:41 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
ORLY volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 29.6%session 2026-09-28
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Sep 28, 2026
- Open interest, stored window
- 11,267 contractssession 2026-09-28
- Largest open-interest line
- $100 call · Nov 20 · 3,362
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #124 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.