UBER wheel: cash-secured put & covered-call yields
Uber Technologies, Inc. · Industrials · $68.16 close on Sep 28, 2026
What the Sep 28, 2026 close says about UBER
At 33.8% implied volatility, the options market is pricing a one-standard-deviation move of about $6.81 (10.0%) in UBER by Oct 30, 2026, 32 days out.
Selling the $65 put (−0.29Δ) for $1.30 means assignment would leave a cost basis of $63.70, 6.5% below the $68.16 close.
The 81-day 0.30Δ put pays 1.7× the premium of the 32-day one for 2.5× the time — more premium per day on the 32-day contract ($0.041 vs $0.027).
At 0.30Δ on the Oct 30 expiry the put yields 2.00% on its strike and the call 1.72% on spot: puts pay 1.2× what calls do on UBER this session.
Moving down to the $63 put (−0.19Δ) buys 2.9% more room below spot and keeps 62% of the 0.30Δ premium.
Open interest in the stored window totals 89,317 contracts; the largest single line is the $62 put expiring Oct 30 with 12,406 (13.9% of the window).
By options volume UBER ranks #82 of 441 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 UBER
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $65 | −0.29 | $1.30 Sep 28 | $130.00 | $6,500 | 2.00% | 22.8% | $63.70 | 628 | 89 |
| 0.20Δ | $63 | −0.19 | $0.80 Sep 28 | $80.00 | $6,300 | 1.27% | 14.5% | $62.20 | 182 | 65 |
Snapshot #262 · session 2026-09-28 · captured 22:42 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 | $62.50 | −0.27 | $2.17 Sep 28 | $217.00 | $6,250 | 3.47% | 15.6% | $60.33 | 2,348 | 127 |
| 0.20Δ | $60 | −0.20 | $1.50 Sep 28 | $150.00 | $6,000 | 2.50% | 11.3% | $58.50 | 10,328 | 146 |
Snapshot #262 · session 2026-09-28 · captured 22:42 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on UBER
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $73 | 0.28 | $1.17 Sep 28 | $117.00 | 1.72% | 19.6% | 8.82% | 100.6% | 163 | 52 |
| 0.20Δ | $75 | 0.20 | $0.79 Sep 28 | $79.00 | 1.16% | 13.2% | 11.19% | 127.7% | 1,183 | 255 |
Snapshot #262 · session 2026-09-28 · captured 22:42 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 | $77.50 | 0.28 | $1.92 Sep 28 | $192.00 | 2.82% | 12.7% | 16.52% | 74.4% | 2,801 | 79 |
| 0.20Δ | $82.50 | 0.18 | $1.15 Sep 28 | $115.00 | 1.69% | 7.6% | 22.73% | 102.4% | 2,158 | 53 |
Snapshot #262 · session 2026-09-28 · captured 22:42 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
UBER volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 33.8%session 2026-09-28
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Sep 28, 2026
- Open interest, stored window
- 89,317 contractssession 2026-09-28
- Largest open-interest line
- $62 put · Oct 30 · 12,406
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #82 of 441 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.