VRT wheel: cash-secured put & covered-call yields
Vertiv Holdings Co Class A Common Stock · Technology · $244.04 close on Sep 28, 2026
What the Sep 28, 2026 close says about VRT
At 64.8% implied volatility, the options market is pricing a one-standard-deviation move of about $46.84 (19.2%) in VRT by Oct 30, 2026, 32 days out.
Selling the $225 put (−0.29Δ) for $8.80 means assignment would leave a cost basis of $216.20, 11.4% below the $244.04 close.
The 81-day 0.30Δ put pays 1.6× the premium of the 32-day one for 2.5× the time — more premium per day on the 32-day contract ($0.275 vs $0.170).
At 0.30Δ on the Oct 30 expiry the put yields 3.91% on its strike and the call 3.47% on spot: puts pay 1.1× what calls do on VRT this session.
Moving down to the $215 put (−0.21Δ) buys 4.1% more room below spot and keeps 73% of the 0.30Δ premium.
Open interest in the stored window totals 19,570 contracts; the largest single line is the $190 put expiring Dec 18 with 2,291 (11.7% of the window).
By options volume VRT ranks #243 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 VRT
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $225 | −0.29 | $8.80 Sep 28 | $880.00 | $22,500 | 3.91% | 44.6% | $216.20 | 206 | 19 |
| 0.20Δ | $215 | −0.21 | $6.40 Sep 28 | $640.00 | $21,500 | 2.98% | 34.0% | $208.60 | 85 | 20 |
Snapshot #272 · session 2026-09-28 · captured 22:50 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 | $220 | −0.29 | $13.75 Sep 28 | $1,375.00 | $22,000 | 6.25% | 28.2% | $206.25 | 679 | 21 |
| 0.20Δ | $200 | −0.19 | $8.27 Sep 28 | $827.00 | $20,000 | 4.13% | 18.6% | $191.73 | 921 | 319 |
Snapshot #272 · session 2026-09-28 · captured 22:50 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 81
Covered calls on VRT
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $275 | 0.30 | $8.47 Sep 28 | $847.00 | 3.47% | 39.6% | 16.16% | 184.3% | 62 | 20 |
| 0.20Δ | $295 | 0.19 | $4.60 Sep 28 | $460.00 | 1.88% | 21.5% | 22.77% | 259.7% | 55 | 12 |
Snapshot #272 · session 2026-09-28 · captured 22:50 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 | $300 | 0.28 | $10.60 Sep 28 | $1,060.00 | 4.34% | 19.6% | 27.27% | 122.9% | 806 | 31 |
| 0.20Δ | $340 | 0.16 | $4.99 Sep 28 | $499.00 | 2.04% | 9.2% | 41.37% | 186.4% | 268 | 4 |
Snapshot #272 · session 2026-09-28 · captured 22:50 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 81
VRT volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 64.8%session 2026-09-28
- IV rank / IV percentile
- Unavailable1
- Next earnings
- Unavailable2
- Next ex-dividend
- None announcedchecked Sep 28, 2026
- Open interest, stored window
- 19,570 contractssession 2026-09-28
- Largest open-interest line
- $190 put · Dec 18 · 2,291
- Bid/ask spread
- Unavailable3
- Options liquidity rank
- #243 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.