RIVN wheel: cash-secured put & covered-call yields
Rivian Automotive, Inc. Class A Common Stock · Consumer discretionary · $12.80 close on Nov 12, 2026
What the Nov 12, 2026 close says about RIVN
At 59.7% implied volatility, the options market is pricing a one-standard-deviation move of about $2.40 (18.8%) in RIVN by Dec 18, 2026, 36 days out.
Open interest in the stored window totals 247,612 contracts; the largest single line is the $12 put expiring Jan 15 with 36,441 (14.7% of the window).
By options volume RIVN ranks #26 of 679 names in our universe.
Near-the-money options volume (1.7k) is 14% below 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 RIVN
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $11 | −0.18 | $0.26 Nov 12 | $26.00 | $1,100 | 2.36% | 24.0% | $10.74 | 8,944 | 326 |
Snapshot #9492 · session 2026-11-12 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 36
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $12 | −0.34 | $0.81 Nov 12 | $81.00 | $1,200 | 6.75% | 38.5% | $11.19 | 36,441 | 185 |
| 0.20Δ | $11 | −0.18 | $0.45 Nov 12 | $45.00 | $1,100 | 4.09% | 23.3% | $10.55 | 3,286 | 43 |
Snapshot #9492 · session 2026-11-12 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 64
Covered calls on RIVN
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $16 | 0.16 | $0.21 Nov 12 | $21.00 | 1.64% | 16.6% | 26.64% | 270.1% | 21,054 | 730 |
Snapshot #9492 · session 2026-11-12 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 36
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $15 | 0.31 | $0.58 Nov 12 | $58.00 | 4.53% | 25.8% | 21.72% | 123.9% | 20,091 | 2,651 |
| 0.20Δ | $16 | 0.22 | $0.40 Nov 12 | $40.00 | 3.13% | 17.8% | 28.12% | 160.4% | 5,069 | 674 |
Snapshot #9492 · session 2026-11-12 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 64
RIVN volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 59.7%session 2026-11-12
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 247,612 contractssession 2026-11-12
- Largest open-interest line
- $12 put · Jan 15 · 36,441
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #26 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 0.30Δ traded this session
- 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.