CLF · Wheel
Cleveland-Cliffs Inc. Common Stock (CLF) wheel
The cash-secured put → assigned shares → covered call cycle for this ticker.
- Modelled strike
- $10.50
- Modelled premium
- $0.13
- Cash required
- $1,050.00
- Breakeven
- $10.37
- Downside buffer
- 15.4%
- Period return
- 1.3%
- Annualized return
- 42.4%
- Days to expiration
- 13
Update time unavailable
Loading graph — the exact table is available below.
$6.125Expiration P/L -$424.50Update time unavailable
Event / reference markers
- Spot: $12.25
- Expiry breakeven $10.37: $10.37
- sell put strike $10.50: $10.50
Exact data table
| Observation | Expiration P/L (USD) | Context | Updated |
|---|---|---|---|
| -$424.50 | Update time unavailable | ||
| -$412.25 | Update time unavailable | ||
| -$400.00 | Update time unavailable | ||
| -$387.75 | Update time unavailable | ||
| -$375.50 | Update time unavailable | ||
| -$363.25 | Update time unavailable | ||
| -$351.00 | Update time unavailable | ||
| -$338.75 | Update time unavailable | ||
| -$326.50 | Update time unavailable | ||
| -$314.25 | Update time unavailable | ||
| -$302.00 | Update time unavailable | ||
| -$289.75 | Update time unavailable | ||
| -$277.50 | Update time unavailable | ||
| -$265.25 | Update time unavailable | ||
| -$253.00 | Update time unavailable | ||
| -$240.75 | Update time unavailable | ||
| -$228.50 | Update time unavailable | ||
| -$216.25 | Update time unavailable | ||
| -$204.00 | Update time unavailable | ||
| -$191.75 | Update time unavailable | ||
| -$179.50 | Update time unavailable | ||
| -$167.25 | Update time unavailable | ||
| -$155.00 | Update time unavailable | ||
| -$142.75 | Update time unavailable | ||
| -$130.50 | Update time unavailable | ||
| -$118.25 | Update time unavailable | ||
| -$106.00 | Update time unavailable | ||
| -$93.75 | Update time unavailable | ||
| -$81.50 | Update time unavailable | ||
| -$69.25 | Update time unavailable | ||
| -$57.00 | Update time unavailable | ||
| -$44.75 | Update time unavailable | ||
| -$32.50 | Update time unavailable | ||
| -$20.25 | Update time unavailable | ||
| -$8.00 | Update time unavailable | ||
| -$0.00 | Update time unavailable | ||
| $4.25 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Spot reference | Update time unavailable | |
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
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| $13.00 | Update time unavailable | ||
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| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
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| $13.00 | Update time unavailable | ||
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| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update time unavailable | ||
| $13.00 | Update 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 $10.37 per share after premium; the shares can keep falling.
Stage C would sell a $14.00 call for about $0.21, lowering the effective basis further.
Next steps
Data provenance
Figures are from published, reviewed research as of Oct 6, 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.