TTD wheel: cash-secured put & covered-call yields
The Trade Desk, Inc. · Technology · $14.93 close on Nov 9, 2026
What the Nov 9, 2026 close says about TTD
At 111.7% implied volatility, the options market is pricing a one-standard-deviation move of about $4.94 (33.1%) in TTD by Dec 11, 2026, 32 days out.
Selling the $14.50 put (−0.32Δ) for $1.32 means assignment would leave a cost basis of $13.18, 11.7% below the $14.93 close.
At 0.30Δ on the Dec 11 expiry the put yields 9.10% on its strike and the call 4.35% on spot: puts pay 2.1× what calls do on TTD this session.
Moving down to the $13.50 put (−0.24Δ) buys 6.7% more room below spot and keeps 70% of the 0.30Δ premium.
Open interest in the stored window totals 41,944 contracts; the largest single line is the $17.50 call expiring Jan 15 with 10,705 (25.5% of the window).
By options volume TTD ranks #197 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 TTD
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $14.50 | −0.32 | $1.32 Nov 9 | $132.00 | $1,450 | 9.10% | 103.8% | $13.18 | 0 | 1 |
| 0.20Δ | $13.50 | −0.24 | $0.92 Nov 9 | $92.00 | $1,350 | 6.81% | 77.7% | $12.58 | 3 | 12 |
Snapshot #8668 · session 2026-11-09 · 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 | Unavailable1 | |||||||||
| 0.20Δ | $12.50 | −0.19 | $0.79 Nov 9 | $79.00 | $1,250 | 6.32% | 34.4% | $11.71 | 5,356 | 567 |
Snapshot #8668 · session 2026-11-09 · captured 22:32 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 67
Covered calls on TTD
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $18 | 0.30 | $0.65 Nov 9 | $65.00 | 4.35% | 49.7% | 24.92% | 284.2% | 13 | 277 |
| 0.20Δ | $21 | 0.17 | $0.17 Nov 9 | $17.00 | 1.14% | 13.0% | 41.80% | 476.7% | 0 | 6 |
Snapshot #8668 · session 2026-11-09 · 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 | Unavailable1 | |||||||||
| 0.20Δ | $20 | 0.23 | $0.53 Nov 9 | $53.00 | 3.55% | 19.3% | 37.51% | 204.3% | 10,071 | 6,395 |
Snapshot #8668 · session 2026-11-09 · captured 22:32 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 67
TTD volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 111.7%session 2026-11-09
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 41,944 contractssession 2026-11-09
- Largest open-interest line
- $17.50 call · Jan 15 · 10,705
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #197 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.
- 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.