DKNG · Wheel

DraftKings Inc. (DKNG) wheel

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

$20.72
Modelled strike
$18.00
Modelled premium
$0.17
Cash required
$1,800.00
Breakeven
$17.83
Downside buffer
14.0%
Period return
1.0%
Annualized return
64.2%
Days to expiration
7
Strategy payoffModelled cash-secured put payoff. Spot $20.72. Expiry maximum profit $17.00 · Expiry maximum loss -$1,783.00 · Expiry breakevens $17.83. 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.

$10.36: Expiration P/L: -$747.00 Update time unavailable
Event / reference markers
  • Spot: $20.72
  • Expiry breakeven $17.83: $17.83
  • sell put strike $18.00: $18.00
Exact data table

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

ObservationExpiration P/L (USD)ContextUpdated
-$747.00Update time unavailable
-$726.28Update time unavailable
-$705.56Update time unavailable
-$684.84Update time unavailable
-$664.12Update time unavailable
-$643.40Update time unavailable
-$622.68Update time unavailable
-$601.96Update time unavailable
-$581.24Update time unavailable
-$560.52Update time unavailable
-$539.80Update time unavailable
-$519.08Update time unavailable
-$498.36Update time unavailable
-$477.64Update time unavailable
-$456.92Update time unavailable
-$436.20Update time unavailable
-$415.48Update time unavailable
-$394.76Update time unavailable
-$374.04Update time unavailable
-$353.32Update time unavailable
-$332.60Update time unavailable
-$311.88Update time unavailable
-$291.16Update time unavailable
-$270.44Update time unavailable
-$249.72Update time unavailable
-$229.00Update time unavailable
-$208.28Update time unavailable
-$187.56Update time unavailable
-$166.84Update time unavailable
-$146.12Update time unavailable
-$125.40Update time unavailable
-$104.68Update time unavailable
-$83.96Update time unavailable
-$63.24Update time unavailable
-$42.52Update time unavailable
-$21.80Update time unavailable
-$1.08Update time unavailable
-$0.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Spot referenceUpdate time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update time unavailable
$17.00Update 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 $17.83 per share after premium; the shares can keep falling.

Stage C would sell a $23.50 call for about $0.25, lowering the effective basis further.

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.