BBWI · Cash-Secured-Puts

Bath & Body Works, Inc. (BBWI) cash-secured puts

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

$22.78
Modelled strike
$19.00
Modelled premium
$0.23
Cash required
$1,900.00
Breakeven
$18.77
Downside buffer
17.6%
Period return
1.2%
Annualized return
23.4%
Days to expiration
21
Strategy payoffModelled cash-secured put payoff. Spot $22.78. Expiry maximum profit $23.00 · Expiry maximum loss -$1,877.00 · Expiry breakevens $18.77. 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.

$11.39: Expiration P/L: -$738.00 Update time unavailable
Event / reference markers
  • Spot: $22.78
  • Expiry breakeven $18.77: $18.77
  • sell put strike $19.00: $19.00
Exact data table

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

ObservationExpiration P/L (USD)ContextUpdated
-$738.00Update time unavailable
-$715.22Update time unavailable
-$692.44Update time unavailable
-$669.66Update time unavailable
-$646.88Update time unavailable
-$624.10Update time unavailable
-$601.32Update time unavailable
-$578.54Update time unavailable
-$555.76Update time unavailable
-$532.98Update time unavailable
-$510.20Update time unavailable
-$487.42Update time unavailable
-$464.64Update time unavailable
-$441.86Update time unavailable
-$419.08Update time unavailable
-$396.30Update time unavailable
-$373.52Update time unavailable
-$350.74Update time unavailable
-$327.96Update time unavailable
-$305.18Update time unavailable
-$282.40Update time unavailable
-$259.62Update time unavailable
-$236.84Update time unavailable
-$214.06Update time unavailable
-$191.28Update time unavailable
-$168.50Update time unavailable
-$145.72Update time unavailable
-$122.94Update time unavailable
-$100.16Update time unavailable
-$77.38Update time unavailable
-$54.60Update time unavailable
-$31.82Update time unavailable
-$9.04Update time unavailable
-$0.00Update time unavailable
$13.74Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Spot referenceUpdate time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update time unavailable
$23.00Update 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 $18.77 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.