RKLB wheel: cash-secured put & covered-call yields
Rocket Lab Corporation Common Stock · Industrials · $64.07 close on Nov 12, 2026
What the Nov 12, 2026 close says about RKLB
At 78.2% implied volatility, the options market is pricing a one-standard-deviation move of about $15.74 (24.6%) in RKLB by Dec 18, 2026, 36 days out.
Selling the $60 put (−0.33Δ) for $4.05 means assignment would leave a cost basis of $55.95, 12.7% below the $64.07 close.
The 64-day 0.30Δ put pays 1.4× the premium of the 36-day one for 1.8× the time — more premium per day on the 36-day contract ($0.112 vs $0.087).
At 0.30Δ on the Dec 18 expiry the put yields 6.75% on its strike and the call 3.86% on spot: puts pay 1.8× what calls do on RKLB this session.
Moving down to the $55 put (−0.22Δ) buys 7.8% more room below spot and keeps 59% of the 0.30Δ premium.
Open interest in the stored window totals 156,192 contracts; the largest single line is the $80 call expiring Jan 15 with 12,812 (8.2% of the window).
By options volume RKLB ranks #141 of 679 names in our universe.
Near-the-money options volume (2.3k) is 178% above 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 RKLB
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $60 | −0.33 | $4.05 Nov 12 | $405.00 | $6,000 | 6.75% | 68.4% | $55.95 | 5,501 | 381 |
| 0.20Δ | $55 | −0.22 | $2.40 Nov 12 | $240.00 | $5,500 | 4.36% | 44.2% | $52.60 | 4,108 | 297 |
Snapshot #9493 · 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 | $60 | −0.34 | $5.55 Nov 12 | $555.00 | $6,000 | 9.25% | 52.8% | $54.45 | 6,982 | 219 |
| 0.20Δ | $50 | −0.16 | $2.10 Nov 12 | $210.00 | $5,000 | 4.20% | 24.0% | $47.90 | 12,751 | 246 |
Snapshot #9493 · session 2026-11-12 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 64
Covered calls on RKLB
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $75 | 0.30 | $2.47 Nov 12 | $247.00 | 3.86% | 39.1% | 20.91% | 212.1% | 4,558 | 324 |
| 0.20Δ | $80 | 0.21 | $1.55 Nov 12 | $155.00 | 2.42% | 24.5% | 27.28% | 276.6% | 7,871 | 439 |
Snapshot #9493 · 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 | $80 | 0.29 | $3.00 Nov 12 | $300.00 | 4.68% | 26.7% | 29.55% | 168.5% | 12,812 | 326 |
| 0.20Δ | $85 | 0.21 | $2.07 Nov 12 | $207.00 | 3.23% | 18.4% | 35.90% | 204.7% | 3,962 | 341 |
Snapshot #9493 · session 2026-11-12 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 64
RKLB volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 78.2%session 2026-11-12
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 156,192 contractssession 2026-11-12
- Largest open-interest line
- $80 call · Jan 15 · 12,812
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #141 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.
- 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.