LUNR · Wheel

Intuitive Machines, Inc. (LUNR) wheel

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

$11.68
Modelled strike
$9.50
Modelled premium
$0.16
Cash required
$950.00
Breakeven
$9.34
Downside buffer
20.0%
Period return
1.6%
Annualized return
53.0%
Days to expiration
14
Strategy payoffModelled cash-secured put payoff. Spot $11.68. Expiry maximum profit $16.00 · Expiry maximum loss -$934.00 · Expiry breakevens $9.34. 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.

$5.84: Expiration P/L: -$350.00 Update time unavailable
Event / reference markers
  • Spot: $11.68
  • Expiry breakeven $9.34: $9.34
  • sell put strike $9.50: $9.50
Exact data table

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

ObservationExpiration P/L (USD)ContextUpdated
-$350.00Update time unavailable
-$338.32Update time unavailable
-$326.64Update time unavailable
-$314.96Update time unavailable
-$303.28Update time unavailable
-$291.60Update time unavailable
-$279.92Update time unavailable
-$268.24Update time unavailable
-$256.56Update time unavailable
-$244.88Update time unavailable
-$233.20Update time unavailable
-$221.52Update time unavailable
-$209.84Update time unavailable
-$198.16Update time unavailable
-$186.48Update time unavailable
-$174.80Update time unavailable
-$163.12Update time unavailable
-$151.44Update time unavailable
-$139.76Update time unavailable
-$128.08Update time unavailable
-$116.40Update time unavailable
-$104.72Update time unavailable
-$93.04Update time unavailable
-$81.36Update time unavailable
-$69.68Update time unavailable
-$58.00Update time unavailable
-$46.32Update time unavailable
-$34.64Update time unavailable
-$22.96Update time unavailable
-$11.28Update time unavailable
-$0.00Update time unavailable
$0.40Update time unavailable
$12.08Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Spot referenceUpdate time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update 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 $9.34 per share after premium; the shares can keep falling.

Stage C would sell a $14.00 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.