IOVA · Wheel

Iovance Biotherapeutics, Inc. (IOVA) wheel

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

$9.56
Modelled strike
$7.00
Modelled premium
$0.12
Cash required
$700.00
Breakeven
$6.88
Downside buffer
28.1%
Period return
1.7%
Annualized return
146.3%
Days to expiration
7
Strategy payoffModelled cash-secured put payoff. Spot $9.56. Expiry maximum profit $12.00 · Expiry maximum loss -$688.00 · Expiry breakevens $6.88. 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.

$4.78: Expiration P/L: -$210.00 Update time unavailable
Event / reference markers
  • Spot: $9.56
  • Expiry breakeven $6.88: $6.88
  • sell put strike $7.00: $7.00
Exact data table

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

ObservationExpiration P/L (USD)ContextUpdated
-$210.00Update time unavailable
-$200.44Update time unavailable
-$190.88Update time unavailable
-$181.32Update time unavailable
-$171.76Update time unavailable
-$162.20Update time unavailable
-$152.64Update time unavailable
-$143.08Update time unavailable
-$133.52Update time unavailable
-$123.96Update time unavailable
-$114.40Update time unavailable
-$104.84Update time unavailable
-$95.28Update time unavailable
-$85.72Update time unavailable
-$76.16Update time unavailable
-$66.60Update time unavailable
-$57.04Update time unavailable
-$47.48Update time unavailable
-$37.92Update time unavailable
-$28.36Update time unavailable
-$18.80Update time unavailable
-$9.24Update time unavailable
-$0.00Update time unavailable
$0.32Update time unavailable
$9.88Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Spot referenceUpdate time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update time unavailable
$12.00Update 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 $6.88 per share after premium; the shares can keep falling.

Stage C would sell a $12.00 call for about $0.30, 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.