UBER wheel: cash-secured put & covered-call yields
Uber Technologies, Inc. · Industrials · $69.12 close on Nov 12, 2026
What the Nov 12, 2026 close says about UBER
At 32.6% implied volatility, the options market is pricing a one-standard-deviation move of about $7.07 (10.2%) in UBER by Dec 18, 2026, 36 days out.
Selling the $65 put (−0.25Δ) for $1.15 means assignment would leave a cost basis of $63.85, 7.6% below the $69.12 close.
The 64-day 0.30Δ put pays 1.5× the premium of the 36-day one for 1.8× the time — more premium per day on the 36-day contract ($0.032 vs $0.028).
Moving down to the $62.50 put (−0.15Δ) buys 3.6% more room below spot and keeps 57% of the 0.30Δ premium.
Open interest in the stored window totals 222,240 contracts; the largest single line is the $60 put expiring Dec 18 with 29,950 (13.5% of the window).
By options volume UBER ranks #61 of 679 names in our universe.
Near-the-money options volume (3.8k) is 421% above its 5-session average.
The builder re-quotes every leg from the live chain when it opens; tracking is free to start.
Cash-secured puts on UBER
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $65 | −0.25 | $1.15 Nov 12 | $115.00 | $6,500 | 1.77% | 17.9% | $63.85 | 15,132 | 357 |
| 0.20Δ | $62.50 | −0.15 | $0.65 Nov 12 | $65.00 | $6,250 | 1.04% | 10.5% | $61.85 | 4,824 | 156 |
Snapshot #9535 · session 2026-11-12 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 36
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $65 | −0.29 | $1.76 Nov 12 | $176.00 | $6,500 | 2.71% | 15.4% | $63.24 | 15,446 | 195 |
| 0.20Δ | $62.50 | −0.20 | $1.18 Nov 12 | $118.00 | $6,250 | 1.89% | 10.8% | $61.32 | 10,328 | 153 |
Snapshot #9535 · session 2026-11-12 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 64
Covered calls on UBER
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $75 | 0.24 | $0.95 Nov 12 | $95.00 | 1.37% | 13.9% | 9.88% | 100.2% | 17,632 | 882 |
Snapshot #9535 · session 2026-11-12 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 36
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $75 | 0.31 | $1.75 Nov 12 | $175.00 | 2.53% | 14.4% | 11.04% | 63.0% | 13,450 | 1,415 |
| 0.20Δ | $80 | 0.16 | $0.75 Nov 12 | $75.00 | 1.09% | 6.2% | 16.83% | 96.0% | 21,535 | 243 |
Snapshot #9535 · session 2026-11-12 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 64
UBER volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 32.6%session 2026-11-12
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Nov 9, 2026
- Open interest, stored window
- 222,240 contractssession 2026-11-12
- Largest open-interest line
- $60 put · Dec 18 · 29,950
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #61 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 (34 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.