FPS · Wheel

Forgent Power Solutions, Inc. Class A Common Stock (FPS) wheel

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

$28.35
Modelled strike
$22.00
Modelled premium
$0.27
Cash required
$2,200.00
Breakeven
$21.73
Downside buffer
23.4%
Period return
1.2%
Annualized return
37.7%
Days to expiration
14
Strategy payoffModelled cash-secured put payoff. Spot $28.35. Expiry maximum profit $27.00 · Expiry maximum loss -$2,173.00 · Expiry breakevens $21.73. 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.

$14.175: Expiration P/L: -$755.50 Update time unavailable
Event / reference markers
  • Spot: $28.35
  • Expiry breakeven $21.73: $21.73
  • sell put strike $22.00: $22.00
Exact data table

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

ObservationExpiration P/L (USD)ContextUpdated
-$755.50Update time unavailable
-$727.15Update time unavailable
-$698.80Update time unavailable
-$670.45Update time unavailable
-$642.10Update time unavailable
-$613.75Update time unavailable
-$585.40Update time unavailable
-$557.05Update time unavailable
-$528.70Update time unavailable
-$500.35Update time unavailable
-$472.00Update time unavailable
-$443.65Update time unavailable
-$415.30Update time unavailable
-$386.95Update time unavailable
-$358.60Update time unavailable
-$330.25Update time unavailable
-$301.90Update time unavailable
-$273.55Update time unavailable
-$245.20Update time unavailable
-$216.85Update time unavailable
-$188.50Update time unavailable
-$160.15Update time unavailable
-$131.80Update time unavailable
-$103.45Update time unavailable
-$75.10Update time unavailable
-$46.75Update time unavailable
-$18.40Update time unavailable
$0.00Update time unavailable
$9.95Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Spot referenceUpdate time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update time unavailable
$27.00Update 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 $21.73 per share after premium; the shares can keep falling.

Stage C would sell a $34.00 call for about $0.68, 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.