APO · Wheel

Apollo Global Management, Inc. (New) Common Stock (APO) wheel

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

$115.55
Modelled strike
$100.00
Modelled premium
$0.59
Cash required
$10,000.00
Breakeven
$99.41
Downside buffer
14.0%
Period return
0.6%
Annualized return
8.3%
Days to expiration
27
Strategy payoffModelled cash-secured put payoff. Spot $115.55. Expiry maximum profit $59.00 · Expiry maximum loss -$9,941.00 · Expiry breakevens $99.41. 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.

$57.775Expiration P/L -$4,163.50Update time unavailable
Event / reference markers
  • Spot: $115.55
  • Expiry breakeven $99.41: $99.41
  • sell put strike $100.00: $100.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$4,163.50Update time unavailable
-$4,047.95Update time unavailable
-$3,932.40Update time unavailable
-$3,816.85Update time unavailable
-$3,701.30Update time unavailable
-$3,585.75Update time unavailable
-$3,470.20Update time unavailable
-$3,354.65Update time unavailable
-$3,239.10Update time unavailable
-$3,123.55Update time unavailable
-$3,008.00Update time unavailable
-$2,892.45Update time unavailable
-$2,776.90Update time unavailable
-$2,661.35Update time unavailable
-$2,545.80Update time unavailable
-$2,430.25Update time unavailable
-$2,314.70Update time unavailable
-$2,199.15Update time unavailable
-$2,083.60Update time unavailable
-$1,968.05Update time unavailable
-$1,852.50Update time unavailable
-$1,736.95Update time unavailable
-$1,621.40Update time unavailable
-$1,505.85Update time unavailable
-$1,390.30Update time unavailable
-$1,274.75Update time unavailable
-$1,159.20Update time unavailable
-$1,043.65Update time unavailable
-$928.10Update time unavailable
-$812.55Update time unavailable
-$697.00Update time unavailable
-$581.45Update time unavailable
-$465.90Update time unavailable
-$350.35Update time unavailable
-$234.80Update time unavailable
-$119.25Update time unavailable
-$3.70Update time unavailable
-$0.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Spot referenceUpdate time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update time unavailable
$59.00Update 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 $99.41 per share after premium; the shares can keep falling.

Stage C would sell a $130.00 call for about $1.19, 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.