TJX wheel: cash-secured put & covered-call yields
TJX Companies, Inc. (The) · Consumer discretionary · $147.36 close on Oct 19, 2026
What the Oct 19, 2026 close says about TJX
At 32.1% implied volatility, the options market is pricing a one-standard-deviation move of about $14.00 (9.5%) in TJX by Nov 20, 2026, 32 days out.
Selling the $141 put (−0.29Δ) for $2.47 means assignment would leave a cost basis of $138.53, 6.0% below the $147.36 close.
The 60-day 0.30Δ put pays 1.3× the premium of the 32-day one for 1.9× the time — more premium per day on the 32-day contract ($0.077 vs $0.052).
At 0.30Δ on the Nov 20 expiry the put yields 1.75% on its strike and the call 1.46% on spot: puts pay 1.2× what calls do on TJX this session.
Moving down to the $138 put (−0.21Δ) buys 2.0% more room below spot and keeps 70% of the 0.30Δ premium.
Open interest in the stored window totals 20,213 contracts; the largest single line is the $150 call expiring Dec 18 with 4,078 (20.2% of the window).
TJX goes ex-dividend on Nov 12, 2026 ($0.48 declared), inside the Nov 20 covered-call window. A short call that is in the money before an ex-date can be assigned early.
By options volume TJX ranks #228 of 608 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 TJX
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $141 | −0.29 | $2.47 Oct 19 | $247.00 | $14,100 | 1.75% | 20.0% | $138.53 | 0 | 10 |
| 0.20Δ | $138 | −0.21 | $1.73 Oct 19 | $173.00 | $13,800 | 1.25% | 14.3% | $136.27 | 0 | 2 |
Snapshot #4391 · session 2026-10-19 · captured 22:32 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 32
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $140 | −0.29 | $3.09 Oct 19 | $309.00 | $14,000 | 2.21% | 13.4% | $136.91 | 894 | 14 |
| 0.20Δ | $135 | −0.19 | $1.85 Oct 19 | $185.00 | $13,500 | 1.37% | 8.3% | $133.15 | 3,722 | 15 |
Snapshot #4391 · session 2026-10-19 · captured 22:32 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 60
Covered calls on TJX
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $155 | 0.29 | $2.15 Oct 19 | $215.00 | 1.46% | 16.6% | 6.64% | 75.8% | 1,832 | 55 |
| 0.20Δ | $160 | 0.18 | $1.15 Oct 19 | $115.00 | 0.78% | 8.9% | 9.36% | 106.7% | 166 | 64 |
Snapshot #4391 · session 2026-10-19 · captured 22:32 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 32
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $155 | 0.34 | $3.40 Oct 19 | $340.00 | 2.31% | 14.0% | 7.49% | 45.6% | 647 | 35 |
| 0.20Δ | $160 | 0.24 | $2.00 Oct 19 | $200.00 | 1.36% | 8.3% | 9.93% | 60.4% | 855 | 91 |
Snapshot #4391 · session 2026-10-19 · captured 22:32 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 60
TJX volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 32.1%session 2026-10-19
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- Ex-div Nov 12, 2026 · $0.48 declaredchecked Oct 19, 2026
- Open interest, stored window
- 20,213 contractssession 2026-10-19
- Largest open-interest line
- $150 call · Dec 18 · 4,078
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #228 of 608 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.