VXUS wheel: cash-secured put & covered-call yields
Vanguard Total International Stock ETF · ETFs · $80.80 close on Nov 5, 2026
What the Nov 5, 2026 close says about VXUS
At 23.9% implied volatility, the options market is pricing a one-standard-deviation move of about $6.62 (8.2%) in VXUS by Dec 18, 2026, 43 days out.
Selling the $78 put (−0.30Δ) for $1.40 means assignment would leave a cost basis of $76.60, 5.2% below the $80.80 close.
At 0.30Δ on the Dec 18 expiry the put yields 1.79% on its strike and the call 1.05% on spot: puts pay 1.7× what calls do on VXUS this session.
Moving down to the $76 put (−0.23Δ) buys 2.5% more room below spot and keeps 61% of the 0.30Δ premium.
Open interest in the stored window totals 3,107 contracts; the largest single line is the $90 call expiring Jan 15 with 597 (19.2% of the window).
By options volume VXUS ranks #248 of 661 names in our universe.
Near-the-money options volume (183) is in line with its 3-session average.
The builder re-quotes every leg from the live chain when it opens; tracking is free to start.
Cash-secured puts on VXUS
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $78 | −0.30 | $1.40 Nov 5 | $140.00 | $7,800 | 1.79% | 15.2% | $76.60 | 14 | 6 |
| 0.20Δ | $76 | −0.23 | $0.85 Nov 5 | $85.00 | $7,600 | 1.12% | 9.5% | $75.15 | 1 | 8 |
Snapshot #8108 · session 2026-11-05 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 43
| Target | Strike | Δ | Last trade | Premium / contract | Cash secured | Period yield | Annualized | Breakeven | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | Unavailable1 | |||||||||
| 0.20Δ | $74 | −0.19 | $0.95 Nov 5 | $95.00 | $7,400 | 1.28% | 6.6% | $73.05 | 50 | 1 |
Snapshot #8108 · session 2026-11-05 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ strike · annualized = yield × 365 ÷ 71
Covered calls on VXUS
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $84 | 0.31 | $0.85 Nov 5 | $85.00 | 1.05% | 8.9% | 5.01% | 42.5% | 37 | 2 |
| 0.20Δ | $86 | 0.19 | $0.50 Nov 5 | $50.00 | 0.62% | 5.3% | 7.05% | 59.9% | 306 | 18 |
Snapshot #8108 · session 2026-11-05 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 43
| Target | Strike | Δ | Last trade | Premium / contract | Yield on spot | Annualized | If called | If called, ann. | OI | Volume |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.30Δ | $85 | 0.28 | $1.45 Nov 5 | $145.00 | 1.79% | 9.2% | 6.99% | 35.9% | 303 | 1 |
| 0.20Δ | $87 | 0.19 | $0.65 Nov 5 | $65.00 | 0.80% | 4.1% | 8.48% | 43.6% | 87 | 11 |
Snapshot #8108 · session 2026-11-05 · captured 22:21 UTC · 15-min delayed · yield = premium ÷ spot · if called = (premium + strike − spot) ÷ spot · annualized × 365 ÷ 71
VXUS volatility, dividends and liquidity
- Implied volatility (ATM, ≈30 days)
- 23.9%session 2026-11-05
- IV rank / IV percentile
- Unavailable2
- Next earnings
- Unavailable3
- Next ex-dividend
- None announcedchecked Nov 2, 2026
- Open interest, stored window
- 3,107 contractssession 2026-11-05
- Largest open-interest line
- $90 call · Jan 15 · 597
- Bid/ask spread
- Unavailable4
- Options liquidity rank
- #248 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 (4 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.