FIGR · Wheel

Figure Technology Solutions, Inc. (FIGR) wheel

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

$22.84
Modelled strike
$18.00
Modelled premium
$0.32
Cash required
$1,800.00
Breakeven
$17.68
Downside buffer
22.6%
Period return
1.8%
Annualized return
48.7%
Days to expiration
16
Strategy payoffModelled cash-secured put payoff. Spot $22.84. Expiry maximum profit $32.00 · Expiry maximum loss -$1,768.00 · Expiry breakevens $17.68. 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.

$11.42: Expiration P/L: -$626.00 Update time unavailable
Event / reference markers
  • Spot: $22.84
  • Expiry breakeven $17.68: $17.68
  • 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
-$626.00Update time unavailable
-$603.16Update time unavailable
-$580.32Update time unavailable
-$557.48Update time unavailable
-$534.64Update time unavailable
-$511.80Update time unavailable
-$488.96Update time unavailable
-$466.12Update time unavailable
-$443.28Update time unavailable
-$420.44Update time unavailable
-$397.60Update time unavailable
-$374.76Update time unavailable
-$351.92Update time unavailable
-$329.08Update time unavailable
-$306.24Update time unavailable
-$283.40Update time unavailable
-$260.56Update time unavailable
-$237.72Update time unavailable
-$214.88Update time unavailable
-$192.04Update time unavailable
-$169.20Update time unavailable
-$146.36Update time unavailable
-$123.52Update time unavailable
-$100.68Update time unavailable
-$77.84Update time unavailable
-$55.00Update time unavailable
-$32.16Update time unavailable
-$9.32Update time unavailable
-$0.00Update time unavailable
$13.52Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Spot referenceUpdate time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update time unavailable
$32.00Update 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 $17.68 per share after premium; the shares can keep falling.

Stage C would sell a $28.00 call for about $0.55, lowering the effective basis further.

Next steps

Data provenance

Figures are from published, reviewed research as of Oct 27, 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.