SGI wheel: cash-secured put & covered-call yields
Somnigroup International Inc. · Materials · $62.78 close on Nov 10, 2026
What the Nov 10, 2026 close says about SGI
At 45.0% implied volatility, the options market is pricing a one-standard-deviation move of about $9.11 (14.5%) in SGI by Dec 18, 2026, 38 days out.
Selling the $60 put (−0.34Δ) for $2.45 means assignment would leave a cost basis of $57.55, 8.3% below the $62.78 close.
The 66-day 0.30Δ put pays 1.0× the premium of the 38-day one for 1.7× the time — more premium per day on the 38-day contract ($0.064 vs $0.036).
At 0.30Δ on the Dec 18 expiry the put yields 4.08% on its strike and the call 3.35% on spot: puts pay 1.2× what calls do on SGI this session.
Moving down to the $55 put (−0.16Δ) buys 8.0% more room below spot and keeps 43% of the 0.30Δ premium.
Open interest in the stored window totals 17,540 contracts; the largest single line is the $67.50 call expiring Jan 15 with 7,026 (40.1% of the window).
SGI goes ex-dividend on Nov 23, 2026 ($0.17 declared), inside the Dec 18 covered-call window. A short call that is in the money before an ex-date can be assigned early.
By options volume SGI ranks #51 of 679 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 SGI
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $60 | −0.34 | $2.45 Nov 10 | $245.00 | $6,000 | 4.08% | 39.2% | $57.55 | 30 | 2 |
| 0.20Δ | $55 | −0.16 | $1.05 Nov 10 | $105.00 | $5,500 | 1.91% | 18.3% | $53.95 | 33 | 54 |
Snapshot #8928 · session 2026-11-10 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 38
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $57.50 | −0.28 | $2.40 Nov 10 | $240.00 | $5,750 | 4.17% | 23.1% | $55.10 | 10 | 7 |
| 0.20Δ | $55 | −0.21 | $1.60 Nov 10 | $160.00 | $5,500 | 2.91% | 16.1% | $53.40 | 280 | 1 |
Snapshot #8928 · session 2026-11-10 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 66
Covered calls on SGI
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $67.50 | 0.34 | $2.10 Nov 10 | $210.00 | 3.35% | 32.1% | 10.86% | 104.3% | 11 | 1 |
| 0.20Δ | $72.50 | 0.20 | $0.75 Nov 10 | $75.00 | 1.19% | 11.5% | 16.68% | 160.2% | 1,002 | 1 |
Snapshot #8928 · session 2026-11-10 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 38
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $72.50 | 0.25 | $1.70 Nov 10 | $170.00 | 2.71% | 15.0% | 18.19% | 100.6% | 148 | 1 |
| 0.20Δ | $75 | 0.19 | $1.08 Nov 10 | $108.00 | 1.72% | 9.5% | 21.19% | 117.2% | 1,090 | 1 |
Snapshot #8928 · session 2026-11-10 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 66
SGI volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 45.0%session 2026-11-10
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- Ex-div Nov 23, 2026 · $0.17 declaredchecked Nov 9, 2026
- Open interest, stored window
- 17,540 contractssession 2026-11-10
- Largest open-interest line
- $67.50 call · Jan 15 · 7,026
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #51 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 (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.