CYPH · Wheel
Cypherpunk Technologies Inc. (CYPH) wheel
The cash-secured put → assigned shares → covered call cycle for this ticker.
- Modelled strike
- $1.50
- Modelled premium
- $0.04
- Cash required
- $150.00
- Breakeven
- $1.46
- Downside buffer
- 50.9%
- Period return
- 2.5%
- Annualized return
- 109.1%
- Days to expiration
- 12
Update time unavailable
Loading graph — the exact table is available below.
$1.46: Expiration P/L: -$0.00 Update time unavailable
Event / reference markers
- Spot: $2.98
- Expiry breakeven $1.46: $1.46
- sell put strike $1.50: $1.50
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
| Observation | Expiration P/L (USD) | Context | Updated |
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| -$0.00 | Update time unavailable | ||
| $3.00 | Update time unavailable | ||
| $4.00 | Update time unavailable | ||
| $4.00 | Update time unavailable | ||
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| $4.00 | Spot reference | Update time unavailable | |
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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 $1.46 per share after premium; the shares can keep falling.
Stage C would sell a $4.50 call for about $0.20, lowering the effective basis further.
Next steps
Data provenance
Figures are from published, reviewed research as of Oct 30, 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.