PLD wheel: cash-secured put & covered-call yields
PROLOGIS, INC. · Real estate · $132.44 close on Sep 28, 2026
What the Sep 28, 2026 close says about PLD
At 22.6% implied volatility, the options market is pricing a one-standard-deviation move of about $11.41 (8.6%) in PLD by Nov 20, 2026, 53 days out.
Open interest in the stored window totals 12,566 contracts; the largest single line is the $130 put expiring Nov 20 with 3,495 (27.8% of the window).
By options volume PLD ranks #161 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 PLD
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $125 | −0.24 | $1.88 Sep 28 | $188.00 | $12,500 | 1.50% | 10.4% | $123.12 | 1,902 | 100 |
Snapshot #214 · 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 | $125 | −0.29 | $2.65 Sep 28 | $265.00 | $12,500 | 2.12% | 9.6% | $122.35 | 963 | 101 |
| 0.20Δ | $120 | −0.19 | $1.75 Sep 28 | $175.00 | $12,000 | 1.46% | 6.6% | $118.25 | 644 | 4 |
Snapshot #214 · session 2026-09-28 · captured 22:41 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on PLD
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $140 | 0.29 | $2.34 Sep 28 | $234.00 | 1.77% | 12.2% | 7.48% | 51.5% | 134 | 25 |
| 0.20Δ | $145 | 0.17 | $1.20 Sep 28 | $120.00 | 0.91% | 6.2% | 10.39% | 71.6% | 437 | 35 |
Snapshot #214 · 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 | $140 | 0.33 | $3.50 Sep 28 | $350.00 | 2.64% | 11.9% | 8.35% | 37.6% | 81 | 4 |
| 0.20Δ | $145 | 0.22 | $1.92 Sep 28 | $192.00 | 1.45% | 6.5% | 10.93% | 49.3% | 123 | 107 |
Snapshot #214 · session 2026-09-28 · captured 22:41 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
PLD volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 22.6%session 2026-09-28
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Sep 28, 2026
- Open interest, stored window
- 12,566 contractssession 2026-09-28
- Largest open-interest line
- $130 put · Nov 20 · 3,495
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #161 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.