ALAB · Wheel

Astera Labs, Inc. (ALAB) wheel

The cash-secured put → assigned shares → covered call cycle for this ticker.

$382.25
Modelled strike
$290.00
Modelled premium
$5.04
Cash required
$29,000.00
Breakeven
$284.96
Downside buffer
25.5%
Period return
1.7%
Annualized return
26.2%
Days to expiration
27
Strategy payoffModelled cash-secured put payoff. Spot $382.25. Expiry maximum profit $504.00 · Expiry maximum loss -$28,496.00 · Expiry breakevens $284.96. 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.

$191.125Expiration P/L -$9,383.50Update time unavailable
Event / reference markers
  • Spot: $382.25
  • Expiry breakeven $284.96: $284.96
  • sell put strike $290.00: $290.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$9,383.50Update time unavailable
-$9,001.25Update time unavailable
-$8,619.00Update time unavailable
-$8,236.75Update time unavailable
-$7,854.50Update time unavailable
-$7,472.25Update time unavailable
-$7,090.00Update time unavailable
-$6,707.75Update time unavailable
-$6,325.50Update time unavailable
-$5,943.25Update time unavailable
-$5,561.00Update time unavailable
-$5,178.75Update time unavailable
-$4,796.50Update time unavailable
-$4,414.25Update time unavailable
-$4,032.00Update time unavailable
-$3,649.75Update time unavailable
-$3,267.50Update time unavailable
-$2,885.25Update time unavailable
-$2,503.00Update time unavailable
-$2,120.75Update time unavailable
-$1,738.50Update time unavailable
-$1,356.25Update time unavailable
-$974.00Update time unavailable
-$591.75Update time unavailable
-$209.50Update time unavailable
$0.00Update time unavailable
$172.75Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Spot referenceUpdate time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update time unavailable
$504.00Update 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 $284.96 per share after premium; the shares can keep falling.

Stage C would sell a $475.00 call for about $10.75, lowering the effective basis further.

Next steps

Data provenance

Figures are from published, reviewed research as of Oct 7, 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.