QXO wheel: cash-secured put & covered-call yields
QXO, Inc. · Industrials · $13.78 close on Nov 9, 2026
What the Nov 9, 2026 close says about QXO
At 71.0% implied volatility, the options market is pricing a one-standard-deviation move of about $2.90 (21.0%) in QXO by Dec 11, 2026, 32 days out.
Selling the $12.50 put (−0.28Δ) for $0.47 means assignment would leave a cost basis of $12.03, 12.7% below the $13.78 close.
The 67-day 0.30Δ put pays 1.6× the premium of the 32-day one for 2.1× the time — more premium per day on the 32-day contract ($0.015 vs $0.011).
At 0.30Δ on the Dec 11 expiry the put yields 3.76% on its strike and the call 3.27% on spot: puts pay 1.2× what calls do on QXO this session.
Open interest in the stored window totals 49,385 contracts; the largest single line is the $10 put expiring Jan 15 with 18,525 (37.5% of the window).
By options volume QXO ranks #39 of 679 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 QXO
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $12.50 | −0.28 | $0.47 Nov 9 | $47.00 | $1,250 | 3.76% | 42.9% | $12.03 | 1 | 6 |
| 0.20Δ | Unavailable1 | |||||||||
Snapshot #8625 · session 2026-11-09 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 32
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $12 | −0.26 | $0.74 Nov 9 | $74.00 | $1,200 | 6.17% | 33.6% | $11.26 | 4,359 | 52 |
| 0.20Δ | $11 | −0.18 | $0.40 Nov 9 | $40.00 | $1,100 | 3.64% | 19.8% | $10.60 | 3,147 | 641 |
Snapshot #8625 · session 2026-11-09 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 67
Covered calls on QXO
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $15.50 | 0.32 | $0.45 Nov 9 | $45.00 | 3.27% | 37.2% | 15.75% | 179.6% | 0 | 27 |
| 0.20Δ | $17 | 0.18 | $0.23 Nov 9 | $23.00 | 1.67% | 19.0% | 25.04% | 285.6% | 0 | 6 |
Snapshot #8625 · session 2026-11-09 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 32
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $17 | 0.27 | $0.55 Nov 9 | $55.00 | 3.99% | 21.7% | 27.36% | 149.0% | 3,812 | 1,683 |
| 0.20Δ | $18 | 0.20 | $0.45 Nov 9 | $45.00 | 3.27% | 17.8% | 33.89% | 184.6% | 757 | 46 |
Snapshot #8625 · session 2026-11-09 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 67
QXO volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 71.0%session 2026-11-09
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 49,385 contractssession 2026-11-09
- Largest open-interest line
- $10 put · Jan 15 · 18,525
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #39 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.
- 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.