SWKS wheel: cash-secured put & covered-call yields
Skyworks Solutions Inc · Technology · $74.70 close on Oct 12, 2026
What the Oct 12, 2026 close says about SWKS
At 64.0% implied volatility, the options market is pricing a one-standard-deviation move of about $15.63 (20.9%) in SWKS by Nov 20, 2026, 39 days out.
Selling the $70 put (−0.32Δ) for $3.46 means assignment would leave a cost basis of $66.54, 10.9% below the $74.70 close.
The 67-day 0.30Δ put pays 1.3× the premium of the 39-day one for 1.7× the time — more premium per day on the 39-day contract ($0.089 vs $0.066).
At 0.30Δ on the Nov 20 expiry the put yields 4.94% on its strike and the call 3.75% on spot: puts pay 1.3× what calls do on SWKS this session.
Moving down to the $65 put (−0.20Δ) buys 6.7% more room below spot and keeps 45% of the 0.30Δ premium.
Open interest in the stored window totals 9,378 contracts; the largest single line is the $52.50 put expiring Nov 20 with 727 (7.8% of the window).
By options volume SWKS ranks #77 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 SWKS
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $70 | −0.32 | $3.46 Oct 12 | $346.00 | $7,000 | 4.94% | 46.3% | $66.54 | 140 | 23 |
| 0.20Δ | $65 | −0.20 | $1.55 Oct 12 | $155.00 | $6,500 | 2.38% | 22.3% | $63.45 | 173 | 13 |
Snapshot #2951 · 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 | $70 | −0.33 | $4.44 Oct 12 | $444.00 | $7,000 | 6.34% | 34.6% | $65.56 | 128 | 6 |
| 0.20Δ | Unavailable1 | |||||||||
Snapshot #2951 · session 2026-10-12 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 67
Covered calls on SWKS
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $85 | 0.30 | $2.80 Oct 12 | $280.00 | 3.75% | 35.1% | 17.54% | 164.1% | 159 | 140 |
| 0.20Δ | $90 | 0.20 | $1.85 Oct 12 | $185.00 | 2.48% | 23.2% | 22.96% | 214.9% | 703 | 249 |
Snapshot #2951 · 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 | $90 | 0.26 | $3.50 Oct 12 | $350.00 | 4.69% | 25.5% | 25.17% | 137.1% | 82 | 6 |
| 0.20Δ | $95 | 0.19 | $2.13 Oct 12 | $213.00 | 2.85% | 15.5% | 30.03% | 163.6% | 61 | 2 |
Snapshot #2951 · session 2026-10-12 · captured 22:31 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 67
SWKS volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 64.0%session 2026-10-12
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Oct 12, 2026
- Open interest, stored window
- 9,378 contractssession 2026-10-12
- Largest open-interest line
- $52.50 put · Nov 20 · 727
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #77 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.