PWR wheel: cash-secured put & covered-call yields
Quanta Services, Inc. · Industrials · $644.36 close on Sep 28, 2026
What the Sep 28, 2026 close says about PWR
At 44.2% implied volatility, the options market is pricing a one-standard-deviation move of about $108.61 (16.9%) in PWR by Nov 20, 2026, 53 days out.
Open interest in the stored window totals 5,319 contracts; the largest single line is the $500 put expiring Dec 18 with 458 (8.6% of the window).
PWR goes ex-dividend on Oct 1, 2026 ($0.11 declared), inside the Nov 20 covered-call window. A short call that is in the money before an ex-date can be assigned early.
By options volume PWR ranks #143 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 PWR
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $570 | −0.21 | $14.01 Sep 28 | $1,401.00 | $57,000 | 2.46% | 16.9% | $555.99 | 27 | 93 |
Snapshot #216 · 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 | $580 | −0.27 | $22.60 Sep 28 | $2,260.00 | $58,000 | 3.90% | 17.6% | $557.40 | 56 | 1 |
| 0.20Δ | $560 | −0.21 | $18.66 Sep 28 | $1,866.00 | $56,000 | 3.33% | 15.0% | $541.34 | 456 | 5 |
Snapshot #216 · session 2026-09-28 · captured 22:41 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on PWR
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $720 | 0.30 | $20.30 Sep 28 | $2,030.00 | 3.15% | 21.7% | 14.89% | 102.5% | 26 | 6 |
| 0.20Δ | $760 | 0.20 | $12.70 Sep 28 | $1,270.00 | 1.97% | 13.6% | 19.92% | 137.2% | 17 | 2 |
Snapshot #216 · 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 | $720 | 0.34 | $27.00 Sep 28 | $2,700.00 | 4.19% | 18.9% | 15.93% | 71.8% | 249 | 1 |
| 0.20Δ | Unavailable2 | |||||||||
Snapshot #216 · session 2026-09-28 · captured 22:41 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
PWR volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 44.2%session 2026-09-28
- IV rank / IV percentile
- Unavailable3
- Next earnings
- Unavailable4
- Next ex-dividend
- Ex-div Oct 1, 2026 · $0.11 declaredchecked Sep 28, 2026
- Open interest, stored window
- 5,319 contractssession 2026-09-28
- Largest open-interest line
- $500 put · Dec 18 · 458
- Bid/ask spread
- Unavailable5
- Options liquidity rank
- #143 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
- 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.