RIVN wheel: cash-secured put & covered-call yields
Rivian Automotive, Inc. Class A Common Stock · Consumer discretionary · $14.79 close on Sep 28, 2026
What the Sep 28, 2026 close says about RIVN
At 54.5% implied volatility, the options market is pricing a one-standard-deviation move of about $2.39 (16.1%) in RIVN by Oct 30, 2026, 32 days out.
Selling the $13.50 put (−0.26Δ) for $0.43 means assignment would leave a cost basis of $13.07, 11.6% below the $14.79 close.
At 0.30Δ on the Oct 30 expiry the put yields 3.19% on its strike and the call 2.50% on spot: puts pay 1.3× what calls do on RIVN this session.
Moving down to the $13 put (−0.20Δ) buys 3.4% more room below spot and keeps 63% of the 0.30Δ premium.
Open interest in the stored window totals 136,547 contracts; the largest single line is the $20 call expiring Dec 18 with 39,031 (28.6% of the window).
By options volume RIVN ranks #25 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 RIVN
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $13.50 | −0.26 | $0.43 Sep 28 | $43.00 | $1,350 | 3.19% | 36.3% | $13.07 | 342 | 711 |
| 0.20Δ | $13 | −0.20 | $0.27 Sep 28 | $27.00 | $1,300 | 2.08% | 23.7% | $12.73 | 167 | 1,688 |
Snapshot #223 · session 2026-09-28 · captured 22:41 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 | Unavailable1 | |||||||||
| 0.20Δ | $12.50 | −0.22 | $0.62 Sep 28 | $62.00 | $1,250 | 4.96% | 22.4% | $11.88 | 12,800 | 1,619 |
Snapshot #223 · session 2026-09-28 · captured 22:41 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on RIVN
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $17 | 0.26 | $0.37 Sep 28 | $37.00 | 2.50% | 28.5% | 17.44% | 199.0% | 1,348 | 223 |
| 0.20Δ | $18 | 0.19 | $0.25 Sep 28 | $25.00 | 1.69% | 19.3% | 23.39% | 266.8% | 848 | 527 |
Snapshot #223 · session 2026-09-28 · captured 22:41 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 | $19 | 0.26 | $0.60 Sep 28 | $60.00 | 4.06% | 18.3% | 32.52% | 146.5% | 3,281 | 1,492 |
| 0.20Δ | $20 | 0.21 | $0.48 Sep 28 | $48.00 | 3.25% | 14.6% | 38.47% | 173.4% | 39,031 | 312 |
Snapshot #223 · session 2026-09-28 · captured 22:41 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
RIVN volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 54.5%session 2026-09-28
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Sep 28, 2026
- Open interest, stored window
- 136,547 contractssession 2026-09-28
- Largest open-interest line
- $20 call · Dec 18 · 39,031
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #25 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.