CVNA · Wheel
Carvana Co. Class A Common Stock (CVNA) wheel
The cash-secured put → assigned shares → covered call cycle for this ticker.
- Modelled strike
- $51.00
- Modelled premium
- $0.73
- Cash required
- $5,100.00
- Breakeven
- $50.27
- Downside buffer
- 19.9%
- Period return
- 1.4%
- Annualized return
- 28.1%
- Days to expiration
- 21
Update time unavailable
Loading graph — the exact table is available below.
$31.38Expiration P/L -$1,889.00Update time unavailable
Event / reference markers
- Spot: $62.76
- Expiry breakeven $50.27: $50.27
- sell put strike $51.00: $51.00
Exact data table
| Observation | Expiration P/L (USD) | Context | Updated |
|---|---|---|---|
| -$1,889.00 | Update time unavailable | ||
| -$1,826.24 | Update time unavailable | ||
| -$1,763.48 | Update time unavailable | ||
| -$1,700.72 | Update time unavailable | ||
| -$1,637.96 | Update time unavailable | ||
| -$1,575.20 | Update time unavailable | ||
| -$1,512.44 | Update time unavailable | ||
| -$1,449.68 | Update time unavailable | ||
| -$1,386.92 | Update time unavailable | ||
| -$1,324.16 | Update time unavailable | ||
| -$1,261.40 | Update time unavailable | ||
| -$1,198.64 | Update time unavailable | ||
| -$1,135.88 | Update time unavailable | ||
| -$1,073.12 | Update time unavailable | ||
| -$1,010.36 | Update time unavailable | ||
| -$947.60 | Update time unavailable | ||
| -$884.84 | Update time unavailable | ||
| -$822.08 | Update time unavailable | ||
| -$759.32 | Update time unavailable | ||
| -$696.56 | Update time unavailable | ||
| -$633.80 | Update time unavailable | ||
| -$571.04 | Update time unavailable | ||
| -$508.28 | Update time unavailable | ||
| -$445.52 | Update time unavailable | ||
| -$382.76 | Update time unavailable | ||
| -$320.00 | Update time unavailable | ||
| -$257.24 | Update time unavailable | ||
| -$194.48 | Update time unavailable | ||
| -$131.72 | Update time unavailable | ||
| -$68.96 | Update time unavailable | ||
| -$6.20 | Update time unavailable | ||
| $0.00 | Update time unavailable | ||
| $56.56 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Spot reference | Update time unavailable | |
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | Update time unavailable | ||
| $73.00 | 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 $50.27 per share after premium; the shares can keep falling.
Stage C would sell a $75.00 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.