GEMI · Cash-Secured-Puts

Gemini Space Station, Inc. (GEMI) cash-secured puts

A modelled cash-secured put from the published implied volatility, with breakeven and buffer.

$2.87
Modelled strike
$2.00
Modelled premium
$0.01
Cash required
$200.00
Breakeven
$1.99
Downside buffer
30.7%
Period return
0.6%
Annualized return
18.1%
Days to expiration
13
Strategy payoffModelled cash-secured put payoff. Spot $2.87. Expiry maximum profit $1.00 · Expiry maximum loss -$199.00 · Expiry breakevens $1.99. 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.

$1.435: Expiration P/L: -$55.50 Update time unavailable
Event / reference markers
  • Spot: $2.87
  • Expiry breakeven $1.99: $1.99
  • sell put strike $2.00: $2.00
Exact data table

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

ObservationExpiration P/L (USD)ContextUpdated
-$55.50Update time unavailable
-$52.63Update time unavailable
-$49.76Update time unavailable
-$46.89Update time unavailable
-$44.02Update time unavailable
-$41.15Update time unavailable
-$38.28Update time unavailable
-$35.41Update time unavailable
-$32.54Update time unavailable
-$29.67Update time unavailable
-$26.80Update time unavailable
-$23.93Update time unavailable
-$21.06Update time unavailable
-$18.19Update time unavailable
-$15.32Update time unavailable
-$12.45Update time unavailable
-$9.58Update time unavailable
-$6.71Update time unavailable
-$3.84Update time unavailable
-$0.97Update time unavailable
-$0.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Spot referenceUpdate time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update time unavailable
$1.00Update 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 $1.99 per share after premium; the shares can keep falling.

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.