RKT wheel: cash-secured put & covered-call yields
Rocket Companies, Inc. · Financials · $14.44 close on Nov 11, 2026
What the Nov 11, 2026 close says about RKT
At 51.5% implied volatility, the options market is pricing a one-standard-deviation move of about $2.13 (14.8%) in RKT by Dec 11, 2026, 30 days out.
Selling the $13.50 put (−0.29Δ) for $0.45 means assignment would leave a cost basis of $13.05, 9.6% below the $14.44 close.
At 0.30Δ on the Dec 11 expiry the put yields 3.33% on its strike and the call 2.91% on spot: puts pay 1.1× what calls do on RKT this session.
Moving down to the $13 put (−0.22Δ) buys 3.5% more room below spot and keeps 69% of the 0.30Δ premium.
Open interest in the stored window totals 62,895 contracts; the largest single line is the $16.20 call expiring Jan 15 with 30,568 (48.6% of the window).
By options volume RKT ranks #25 of 679 names in our universe.
Near-the-money options volume (2.3k) is 210% 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 RKT
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $13.50 | −0.29 | $0.45 Nov 11 | $45.00 | $1,350 | 3.33% | 40.6% | $13.05 | 13 | 292 |
| 0.20Δ | $13 | −0.22 | $0.31 Nov 11 | $31.00 | $1,300 | 2.38% | 29.0% | $12.69 | 32 | 8 |
Snapshot #9212 · session 2026-11-11 · captured 22:20 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 30
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $12.20 | −0.19 | $0.36 Nov 11 | $36.00 | $1,220 | 2.95% | 16.6% | $11.84 | 17,396 | 13 |
Snapshot #9212 · session 2026-11-11 · captured 22:20 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 65
Covered calls on RKT
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $15.50 | 0.34 | $0.42 Nov 11 | $42.00 | 2.91% | 35.4% | 10.25% | 124.7% | 16 | 31 |
| 0.20Δ | $16.50 | 0.21 | $0.20 Nov 11 | $20.00 | 1.39% | 16.9% | 15.65% | 190.4% | 1,768 | 33 |
Snapshot #9212 · session 2026-11-11 · captured 22:20 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 30
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $16.20 | 0.33 | $0.56 Nov 11 | $56.00 | 3.88% | 21.8% | 16.07% | 90.2% | 30,568 | 284 |
| 0.20Δ | Unavailable2 | |||||||||
Snapshot #9212 · session 2026-11-11 · captured 22:20 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 65
RKT volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 51.5%session 2026-11-11
- IV rank / IV percentile
- Unavailable3
- Next earnings
- Unavailable4
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 62,895 contractssession 2026-11-11
- Largest open-interest line
- $16.20 call · Jan 15 · 30,568
- Bid/ask spread
- Unavailable5
- Options liquidity rank
- #25 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
- No contract near 0.20Δ 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.