BX · Wheel

Blackstone Inc. Common Stock (BX) wheel

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

$111.83
Modelled strike
$100.00
Modelled premium
$0.43
Cash required
$10,000.00
Breakeven
$99.57
Downside buffer
11.0%
Period return
0.4%
Annualized return
10.9%
Days to expiration
15
Strategy payoffModelled cash-secured put payoff. Spot $111.83. Expiry maximum profit $43.00 · Expiry maximum loss -$9,957.00 · Expiry breakevens $99.57. 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.

$55.915Expiration P/L -$4,365.50Update time unavailable
Event / reference markers
  • Spot: $111.83
  • Expiry breakeven $99.57: $99.57
  • 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
-$4,365.50Update time unavailable
-$4,253.67Update time unavailable
-$4,141.84Update time unavailable
-$4,030.01Update time unavailable
-$3,918.18Update time unavailable
-$3,806.35Update time unavailable
-$3,694.52Update time unavailable
-$3,582.69Update time unavailable
-$3,470.86Update time unavailable
-$3,359.03Update time unavailable
-$3,247.20Update time unavailable
-$3,135.37Update time unavailable
-$3,023.54Update time unavailable
-$2,911.71Update time unavailable
-$2,799.88Update time unavailable
-$2,688.05Update time unavailable
-$2,576.22Update time unavailable
-$2,464.39Update time unavailable
-$2,352.56Update time unavailable
-$2,240.73Update time unavailable
-$2,128.90Update time unavailable
-$2,017.07Update time unavailable
-$1,905.24Update time unavailable
-$1,793.41Update time unavailable
-$1,681.58Update time unavailable
-$1,569.75Update time unavailable
-$1,457.92Update time unavailable
-$1,346.09Update time unavailable
-$1,234.26Update time unavailable
-$1,122.43Update time unavailable
-$1,010.60Update time unavailable
-$898.77Update time unavailable
-$786.94Update time unavailable
-$675.11Update time unavailable
-$563.28Update time unavailable
-$451.45Update time unavailable
-$339.62Update time unavailable
-$227.79Update time unavailable
-$115.96Update time unavailable
-$4.13Update time unavailable
$0.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Spot referenceUpdate time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update time unavailable
$43.00Update 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 $99.57 per share after premium; the shares can keep falling.

Stage C would sell a $120.00 call for about $1.25, 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.

Blackstone Inc. Common Stock (BX) Wheel | Options Whale