TMUS wheel: cash-secured put & covered-call yields
T-Mobile US, Inc. · Communication services · $160.15 close on Nov 2, 2026
What the Nov 2, 2026 close says about TMUS
At 40.6% implied volatility, the options market is pricing a one-standard-deviation move of about $19.24 (12.0%) in TMUS by Dec 4, 2026, 32 days out.
Open interest in the stored window totals 9,472 contracts; the largest single line is the $175 call expiring Jan 15 with 1,251 (13.2% of the window).
TMUS goes ex-dividend on Nov 25, 2026 ($1.17 declared), inside the Dec 4 covered-call window. A short call that is in the money before an ex-date can be assigned early.
By options volume TMUS ranks #124 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 TMUS
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $145 | −0.18 | $2.08 Nov 2 | $208.00 | $14,500 | 1.43% | 16.4% | $142.92 | 58 | 28 |
Snapshot #7209 · session 2026-11-02 · captured 22:40 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 | $150 | −0.30 | $5.30 Nov 2 | $530.00 | $15,000 | 3.53% | 17.4% | $144.70 | 1,125 | 2 |
| 0.20Δ | $140 | −0.18 | $3.08 Nov 2 | $308.00 | $14,000 | 2.20% | 10.9% | $136.92 | 339 | 8 |
Snapshot #7209 · session 2026-11-02 · captured 22:40 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 74
Covered calls on TMUS
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $170 | 0.31 | $2.75 Nov 2 | $275.00 | 1.72% | 19.6% | 7.87% | 89.7% | 16 | 6 |
| 0.20Δ | $175 | 0.21 | $1.55 Nov 2 | $155.00 | 0.97% | 11.0% | 10.24% | 116.8% | 53 | 24 |
Snapshot #7209 · session 2026-11-02 · captured 22:40 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 | $175 | 0.32 | $4.66 Nov 2 | $466.00 | 2.91% | 14.4% | 12.18% | 60.1% | 1,251 | 25 |
| 0.20Δ | $185 | 0.20 | $2.10 Nov 2 | $210.00 | 1.31% | 6.5% | 16.83% | 83.0% | 241 | 2 |
Snapshot #7209 · session 2026-11-02 · captured 22:40 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 74
TMUS volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 40.6%session 2026-11-02
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- Ex-div Nov 25, 2026 · $1.17 declaredchecked Nov 2, 2026
- Open interest, stored window
- 9,472 contractssession 2026-11-02
- Largest open-interest line
- $175 call · Jan 15 · 1,251
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #124 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 0.30Δ 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.