SN wheel: cash-secured put & covered-call yields
SharkNinja, Inc. · Consumer discretionary · $189.98 close on Oct 12, 2026
What the Oct 12, 2026 close says about SN
At 55.4% implied volatility, the options market is pricing a one-standard-deviation move of about $34.43 (18.1%) in SN by Nov 20, 2026, 39 days out.
Selling the $175 put (−0.28Δ) for $6.13 means assignment would leave a cost basis of $168.87, 11.1% below the $189.98 close.
The 67-day 0.30Δ put pays 1.4× the premium of the 39-day one for 1.7× the time — more premium per day on the 39-day contract ($0.157 vs $0.125).
At 0.30Δ on the Nov 20 expiry the put yields 3.50% on its strike and the call 3.74% on spot: puts and calls pay within 10% of each other on SN this session.
Moving down to the $165 put (−0.18Δ) buys 5.3% more room below spot and keeps 59% of the 0.30Δ premium.
Open interest in the stored window totals 3,402 contracts; the largest single line is the $170 put expiring Nov 20 with 592 (17.4% of the window).
By options volume SN ranks #181 of 572 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 SN
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $175 | −0.28 | $6.13 Oct 12 | $613.00 | $17,500 | 3.50% | 32.8% | $168.87 | 8 | 2 |
| 0.20Δ | $165 | −0.18 | $3.60 Oct 12 | $360.00 | $16,500 | 2.18% | 20.4% | $161.40 | 93 | 36 |
Snapshot #2936 · session 2026-10-12 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 39
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $175 | −0.30 | $8.35 Oct 12 | $835.00 | $17,500 | 4.77% | 26.0% | $166.65 | 2 | 1 |
| 0.20Δ | Unavailable1 | |||||||||
Snapshot #2936 · session 2026-10-12 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 67
Covered calls on SN
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $210 | 0.34 | $7.10 Oct 12 | $710.00 | 3.74% | 35.0% | 14.28% | 133.6% | 25 | 4 |
| 0.20Δ | $230 | 0.17 | $2.93 Oct 12 | $293.00 | 1.54% | 14.4% | 22.61% | 211.6% | 8 | 4 |
Snapshot #2936 · session 2026-10-12 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 39
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $220 | 0.30 | $7.11 Oct 12 | $711.00 | 3.74% | 20.4% | 19.54% | 106.5% | 22 | 1 |
| 0.20Δ | Unavailable1 | |||||||||
Snapshot #2936 · session 2026-10-12 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 67
SN volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 55.4%session 2026-10-12
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Oct 12, 2026
- Open interest, stored window
- 3,402 contractssession 2026-10-12
- Largest open-interest line
- $170 put · Nov 20 · 592
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #181 of 572 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
- 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.