AMD · Wheel

Advanced Micro Devices, Inc. (AMD) wheel

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

$645.86
Modelled strike
$545.00
Modelled premium
$5.81
Cash required
$54,500.00
Breakeven
$539.19
Downside buffer
16.5%
Period return
1.1%
Annualized return
15.4%
Days to expiration
27
Strategy payoffModelled cash-secured put payoff. Spot $645.86. Expiry maximum profit $581.00 · Expiry maximum loss -$53,919.00 · Expiry breakevens $539.19. 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.

$322.93Expiration P/L -$21,626.00Update time unavailable
Event / reference markers
  • Spot: $645.86
  • Expiry breakeven $539.19: $539.19
  • sell put strike $545.00: $545.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$21,626.00Update time unavailable
-$20,980.14Update time unavailable
-$20,334.28Update time unavailable
-$19,688.42Update time unavailable
-$19,042.56Update time unavailable
-$18,396.70Update time unavailable
-$17,750.84Update time unavailable
-$17,104.98Update time unavailable
-$16,459.12Update time unavailable
-$15,813.26Update time unavailable
-$15,167.40Update time unavailable
-$14,521.54Update time unavailable
-$13,875.68Update time unavailable
-$13,229.82Update time unavailable
-$12,583.96Update time unavailable
-$11,938.10Update time unavailable
-$11,292.24Update time unavailable
-$10,646.38Update time unavailable
-$10,000.52Update time unavailable
-$9,354.66Update time unavailable
-$8,708.80Update time unavailable
-$8,062.94Update time unavailable
-$7,417.08Update time unavailable
-$6,771.22Update time unavailable
-$6,125.36Update time unavailable
-$5,479.50Update time unavailable
-$4,833.64Update time unavailable
-$4,187.78Update time unavailable
-$3,541.92Update time unavailable
-$2,896.06Update time unavailable
-$2,250.20Update time unavailable
-$1,604.34Update time unavailable
-$958.48Update time unavailable
-$312.62Update time unavailable
-$0.00Update time unavailable
$333.24Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Spot referenceUpdate time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update time unavailable
$581.00Update 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 $539.19 per share after premium; the shares can keep falling.

Stage C would sell a $745.00 call for about $10.29, 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.