SFM wheel: cash-secured put & covered-call yields
Sprouts Farmers Market, Inc. · Consumer staples · $52.49 close on Nov 3, 2026
What the Nov 3, 2026 close says about SFM
At 37.8% implied volatility, the options market is pricing a one-standard-deviation move of about $6.97 (13.3%) in SFM by Dec 18, 2026, 45 days out.
Selling the $50 put (−0.32Δ) for $2.00 means assignment would leave a cost basis of $48.00, 8.6% below the $52.49 close.
The 73-day 0.30Δ put pays 1.4× the premium of the 45-day one for 1.6× the time — more premium per day on the 45-day contract ($0.044 vs $0.037).
Open interest in the stored window totals 3,704 contracts; the largest single line is the $55 call expiring Jan 15 with 570 (15.4% of the window).
By options volume SFM ranks #166 of 661 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 SFM
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $50 | −0.32 | $2.00 Nov 3 | $200.00 | $5,000 | 4.00% | 32.4% | $48.00 | 330 | 650 |
| 0.20Δ | Unavailable1 | |||||||||
Snapshot #7478 · session 2026-11-03 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 45
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $50 | −0.35 | $2.70 Nov 3 | $270.00 | $5,000 | 5.40% | 27.0% | $47.30 | 279 | 12 |
| 0.20Δ | $45 | −0.18 | $1.15 Nov 3 | $115.00 | $4,500 | 2.56% | 12.8% | $43.85 | 288 | 8 |
Snapshot #7478 · session 2026-11-03 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 73
Covered calls on SFM
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable2 | |||||||||
| 0.20Δ | $60 | 0.22 | $1.05 Nov 3 | $105.00 | 2.00% | 16.2% | 16.31% | 132.3% | 245 | 74 |
Snapshot #7478 · session 2026-11-03 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 45
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $60 | 0.31 | $1.82 Nov 3 | $182.00 | 3.47% | 17.3% | 17.77% | 88.9% | 327 | 7 |
| 0.20Δ | $65 | 0.18 | $1.04 Nov 3 | $104.00 | 1.98% | 9.9% | 25.81% | 129.1% | 239 | 4 |
Snapshot #7478 · session 2026-11-03 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 73
SFM volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 37.8%session 2026-11-03
- IV rank / IV percentile
- Unavailable3
- Next earnings
- Unavailable4
- Next ex-dividend
- None announcedchecked Nov 2, 2026
- Open interest, stored window
- 3,704 contractssession 2026-11-03
- Largest open-interest line
- $55 call · Jan 15 · 570
- Bid/ask spread
- Unavailable5
- Options liquidity rank
- #166 of 661 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 0.20Δ traded this session
- No contract near 0.30Δ traded this session
- We are building our own daily implied-volatility history (2 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.