Rank #2 in Official Top 20Official AM Publication15-Min Delayed Feed
DELL $490.00 Cash-Secured Put
Dell Technologies Inc. (Technology) • Expiring 2026-11-20 (37 calendar days) • OCC: DELL261120P00490000
Annualized Yield
36.3%
$18.04 bid ($1,804 premium upfront)
Downside Cushion
7.6%
$471.96 breakeven vs $530.20 spot
Cash Collateral
$49,000
100 shares reserved at $490.00 strike
Assignment Risk & Payoff Reality
If DELL closes below $490.00 on Nov 20, 2026, you'll buy 100 shares at $490.00, effectively $471.96 after the income. Losses grow the further it falls.
Downside cushion measures the distance from spot price to strike.