Rank #3 in Official Top 20Official AM Publication15-Min Delayed Feed
DELL $400.00 Cash-Secured Put
Dell Technologies Inc. (Technology) • Expiring 2026-11-20 (28 calendar days) • OCC: DELL261120P00400000
Annualized Yield
40.9%
$12.55 bid ($1,255 premium upfront)
Downside Cushion
13.3%
$387.45 breakeven vs $461.14 spot
Cash Collateral
$40,000
100 shares reserved at $400.00 strike
Assignment Risk & Payoff Reality
If DELL closes below $400.00 on Nov 20, 2026, you'll buy 100 shares at $400.00, effectively $387.45 after the income. Losses grow the further it falls.
Downside cushion measures the distance from spot price to strike.