PLTR wheel: cash-secured put & covered-call yields
Palantir Technologies Inc. Class A Common Stock · Technology · $172.40 close on Nov 11, 2026
What the Nov 11, 2026 close says about PLTR
At 43.8% implied volatility, the options market is pricing a one-standard-deviation move of about $21.65 (12.6%) in PLTR by Dec 11, 2026, 30 days out.
Selling the $160 put (−0.28Δ) for $4.30 means assignment would leave a cost basis of $155.70, 9.7% below the $172.40 close.
The 65-day 0.30Δ put pays 1.8× the premium of the 30-day one for 2.2× the time — more premium per day on the 30-day contract ($0.143 vs $0.121).
At 0.30Δ on the Dec 11 expiry the put yields 2.69% on its strike and the call 2.76% on spot: puts and calls pay within 10% of each other on PLTR this session.
Moving down to the $155 put (−0.21Δ) buys 2.9% more room below spot and keeps 70% of the 0.30Δ premium.
Open interest in the stored window totals 174,664 contracts; the largest single line is the $200 call expiring Jan 15 with 19,342 (11.1% of the window).
By options volume PLTR ranks #31 of 679 names in our universe.
Near-the-money options volume (1.7k) is 24% 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 PLTR
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $160 | −0.28 | $4.30 Nov 11 | $430.00 | $16,000 | 2.69% | 32.7% | $155.70 | 261 | 525 |
| 0.20Δ | $155 | −0.21 | $3.01 Nov 11 | $301.00 | $15,500 | 1.94% | 23.6% | $151.99 | 313 | 139 |
Snapshot #9197 · session 2026-11-11 · captured 22:20 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 30
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $160 | −0.32 | $7.85 Nov 11 | $785.00 | $16,000 | 4.91% | 27.6% | $152.15 | 10,616 | 202 |
| 0.20Δ | $150 | −0.22 | $4.80 Nov 11 | $480.00 | $15,000 | 3.20% | 18.0% | $145.20 | 12,970 | 476 |
Snapshot #9197 · session 2026-11-11 · captured 22:20 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 65
Covered calls on PLTR
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $185 | 0.32 | $4.76 Nov 11 | $476.00 | 2.76% | 33.6% | 10.07% | 122.5% | 470 | 72 |
| 0.20Δ | $195 | 0.19 | $2.44 Nov 11 | $244.00 | 1.42% | 17.2% | 14.52% | 176.7% | 346 | 136 |
Snapshot #9197 · session 2026-11-11 · captured 22:20 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 30
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $195 | 0.30 | $6.25 Nov 11 | $625.00 | 3.63% | 20.4% | 16.73% | 94.0% | 5,105 | 88 |
| 0.20Δ | $210 | 0.19 | $3.25 Nov 11 | $325.00 | 1.89% | 10.6% | 23.69% | 133.1% | 13,338 | 617 |
Snapshot #9197 · session 2026-11-11 · captured 22:20 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 65
PLTR volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 43.8%session 2026-11-11
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 174,664 contractssession 2026-11-11
- Largest open-interest line
- $200 call · Jan 15 · 19,342
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #31 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.
- We are building our own daily implied-volatility history (34 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.