RKLB wheel: cash-secured put & covered-call yields
Rocket Lab Corporation Common Stock · Industrials · $72.19 close on Sep 28, 2026
What the Sep 28, 2026 close says about RKLB
At 72.0% implied volatility, the options market is pricing a one-standard-deviation move of about $15.39 (21.3%) in RKLB by Oct 30, 2026, 32 days out.
Selling the $67 put (−0.32Δ) for $3.05 means assignment would leave a cost basis of $63.95, 11.4% below the $72.19 close.
The 81-day 0.30Δ put pays 2.0× the premium of the 32-day one for 2.5× the time — more premium per day on the 32-day contract ($0.095 vs $0.075).
At 0.30Δ on the Oct 30 expiry the put yields 4.55% on its strike and the call 4.02% on spot: puts pay 1.1× what calls do on RKLB this session.
Moving down to the $63 put (−0.21Δ) buys 5.5% more room below spot and keeps 61% of the 0.30Δ premium.
Open interest in the stored window totals 74,731 contracts; the largest single line is the $40 put expiring Dec 18 with 12,386 (16.6% of the window).
By options volume RKLB ranks #85 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 RKLB
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $67 | −0.32 | $3.05 Sep 28 | $305.00 | $6,700 | 4.55% | 51.9% | $63.95 | 403 | 47 |
| 0.20Δ | $63 | −0.21 | $1.85 Sep 28 | $185.00 | $6,300 | 2.94% | 33.5% | $61.15 | 297 | 41 |
Snapshot #224 · 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 | $65 | −0.31 | $6.10 Sep 28 | $610.00 | $6,500 | 9.38% | 42.3% | $58.90 | 4,229 | 105 |
| 0.20Δ | $60 | −0.24 | $4.09 Sep 28 | $409.00 | $6,000 | 6.82% | 30.7% | $55.91 | 5,443 | 209 |
Snapshot #224 · session 2026-09-28 · captured 22:41 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on RKLB
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $82 | 0.32 | $2.90 Sep 28 | $290.00 | 4.02% | 45.8% | 17.61% | 200.8% | 36 | 44 |
| 0.20Δ | $90 | 0.19 | $1.46 Sep 28 | $146.00 | 2.02% | 23.1% | 26.69% | 304.5% | 944 | 62 |
Snapshot #224 · 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 | $95 | 0.29 | $4.15 Sep 28 | $415.00 | 5.75% | 25.9% | 37.35% | 168.3% | 1,563 | 44 |
| 0.20Δ | $105 | 0.21 | $2.93 Sep 28 | $293.00 | 4.06% | 18.3% | 49.51% | 223.1% | 1,060 | 13 |
Snapshot #224 · session 2026-09-28 · captured 22:41 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
RKLB volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 72.0%session 2026-09-28
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Sep 28, 2026
- Open interest, stored window
- 74,731 contractssession 2026-09-28
- Largest open-interest line
- $40 put · Dec 18 · 12,386
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #85 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.
- 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.