AAP · Cash-Secured-Puts

Advance Auto Parts Inc. (AAP) cash-secured puts

A modelled cash-secured put from the published implied volatility, with breakeven and buffer.

$45.73
Modelled strike
$39.00
Modelled premium
$0.36
Cash required
$3,900.00
Breakeven
$38.64
Downside buffer
15.5%
Period return
0.9%
Annualized return
60.7%
Days to expiration
7
Strategy payoffModelled cash-secured put payoff. Spot $45.73. Expiry maximum profit $36.00 · Expiry maximum loss -$3,864.00 · Expiry breakevens $38.64. Total position fees $0.00 deducted once. Intrinsic at the common expiration; IV/time never alters expiry P/L. No early exercise, assignment, slippage, dividends or taxes modeled.

Update time unavailable

Loading graph — the exact table is available below.

$22.865: Expiration P/L: -$1,577.50 Update time unavailable
Event / reference markers
  • Spot: $45.73
  • Expiry breakeven $38.64: $38.64
  • sell put strike $39.00: $39.00
Exact data table

Strategy payoff · full stored dataset, independent of graph range/toggles

ObservationExpiration P/L (USD)ContextUpdated
-$1,577.50Update time unavailable
-$1,531.77Update time unavailable
-$1,486.04Update time unavailable
-$1,440.31Update time unavailable
-$1,394.58Update time unavailable
-$1,348.85Update time unavailable
-$1,303.12Update time unavailable
-$1,257.39Update time unavailable
-$1,211.66Update time unavailable
-$1,165.93Update time unavailable
-$1,120.20Update time unavailable
-$1,074.47Update time unavailable
-$1,028.74Update time unavailable
-$983.01Update time unavailable
-$937.28Update time unavailable
-$891.55Update time unavailable
-$845.82Update time unavailable
-$800.09Update time unavailable
-$754.36Update time unavailable
-$708.63Update time unavailable
-$662.90Update time unavailable
-$617.17Update time unavailable
-$571.44Update time unavailable
-$525.71Update time unavailable
-$479.98Update time unavailable
-$434.25Update time unavailable
-$388.52Update time unavailable
-$342.79Update time unavailable
-$297.06Update time unavailable
-$251.33Update time unavailable
-$205.60Update time unavailable
-$159.87Update time unavailable
-$114.14Update time unavailable
-$68.41Update time unavailable
-$22.68Update time unavailable
$0.00Update time unavailable
$23.05Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Spot referenceUpdate time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable
$36.00Update time unavailable

Black-Scholes from the published at-the-money implied volatility (one expected move out of the money). If assigned you buy 100 shares at the strike, an effective $38.64 per share after premium; the shares can keep falling.

Next steps

Data provenance

Figures are from published, reviewed research as of Oct 29, 2026, 4:00 PM EDT. Modelled option premiums use Black-Scholes with the published at-the-money implied volatility and are labelled as modelled, not as live quotes.