P wheel: cash-secured put & covered-call yields
Everpure, Inc. · Technology · $143.88 close on Oct 5, 2026
What the Oct 5, 2026 close says about P
At 69.9% implied volatility, the options market is pricing a one-standard-deviation move of about $35.68 (24.8%) in P by Nov 20, 2026, 46 days out.
Selling the $130 put (−0.28Δ) for $7.77 means assignment would leave a cost basis of $122.23, 15.0% below the $143.88 close.
The 102-day 0.30Δ put pays 1.6× the premium of the 46-day one for 2.2× the time — more premium per day on the 46-day contract ($0.169 vs $0.119).
At 0.30Δ on the Nov 20 expiry the put yields 5.98% on its strike and the call 4.00% on spot: puts pay 1.5× what calls do on P this session.
Moving down to the $120 put (−0.19Δ) buys 7.0% more room below spot and keeps 56% of the 0.30Δ premium.
Open interest in the stored window totals 12,293 contracts; the largest single line is the $75 put expiring Jan 15 with 1,504 (12.2% of the window).
By options volume P ranks #208 of 514 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 P
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $130 | −0.28 | $7.77 Oct 5 | $777.00 | $13,000 | 5.98% | 47.4% | $122.23 | 284 | 29 |
| 0.20Δ | $120 | −0.19 | $4.35 Oct 5 | $435.00 | $12,000 | 3.62% | 28.8% | $115.65 | 87 | 177 |
Snapshot #1491 · session 2026-10-05 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 46
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $130 | −0.30 | $12.18 Oct 5 | $1,218.00 | $13,000 | 9.37% | 33.5% | $117.82 | 44 | 251 |
| 0.20Δ | $115 | −0.19 | $6.68 Oct 5 | $668.00 | $11,500 | 5.81% | 20.8% | $108.32 | 267 | 239 |
Snapshot #1491 · session 2026-10-05 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 102
Covered calls on P
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $170 | 0.30 | $5.76 Oct 5 | $576.00 | 4.00% | 31.8% | 22.16% | 175.8% | 66 | 19 |
| 0.20Δ | $180 | 0.22 | $3.81 Oct 5 | $381.00 | 2.65% | 21.0% | 27.75% | 220.2% | 3 | 8 |
Snapshot #1491 · session 2026-10-05 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 46
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $195 | 0.25 | $6.40 Oct 5 | $640.00 | 4.45% | 15.9% | 39.98% | 143.1% | 210 | 5 |
| 0.20Δ | Unavailable1 | |||||||||
Snapshot #1491 · session 2026-10-05 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 102
P volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 69.9%session 2026-10-05
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Oct 5, 2026
- Open interest, stored window
- 12,293 contractssession 2026-10-05
- Largest open-interest line
- $75 put · Jan 15 · 1,504
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #208 of 514 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.