MARA · Wheel
MARA Holdings, Inc. (MARA) wheel
The cash-secured put → assigned shares → covered call cycle for this ticker.
- Modelled strike
- $8.00
- Modelled premium
- $0.10
- Cash required
- $800.00
- Breakeven
- $7.90
- Downside buffer
- 23.7%
- Period return
- 1.2%
- Annualized return
- 18.1%
- Days to expiration
- 27
Update time unavailable
Loading graph — the exact table is available below.
$5.18Expiration P/L -$272.00Update time unavailable
Event / reference markers
- Spot: $10.36
- Expiry breakeven $7.90: $7.90
- sell put strike $8.00: $8.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
| Observation | Expiration P/L (USD) | Context | Updated |
|---|---|---|---|
| -$272.00 | Update time unavailable | ||
| -$261.64 | Update time unavailable | ||
| -$251.28 | Update time unavailable | ||
| -$240.92 | Update time unavailable | ||
| -$230.56 | Update time unavailable | ||
| -$220.20 | Update time unavailable | ||
| -$209.84 | Update time unavailable | ||
| -$199.48 | Update time unavailable | ||
| -$189.12 | Update time unavailable | ||
| -$178.76 | Update time unavailable | ||
| -$168.40 | Update time unavailable | ||
| -$158.04 | Update time unavailable | ||
| -$147.68 | Update time unavailable | ||
| -$137.32 | Update time unavailable | ||
| -$126.96 | Update time unavailable | ||
| -$116.60 | Update time unavailable | ||
| -$106.24 | Update time unavailable | ||
| -$95.88 | Update time unavailable | ||
| -$85.52 | Update time unavailable | ||
| -$75.16 | Update time unavailable | ||
| -$64.80 | Update time unavailable | ||
| -$54.44 | Update time unavailable | ||
| -$44.08 | Update time unavailable | ||
| -$33.72 | Update time unavailable | ||
| -$23.36 | Update time unavailable | ||
| -$13.00 | Update time unavailable | ||
| -$2.64 | Update time unavailable | ||
| $0.00 | Update time unavailable | ||
| $7.72 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Spot reference | Update time unavailable | |
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
| $10.00 | Update time unavailable | ||
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| $10.00 | Update time unavailable | ||
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| $10.00 | Update time unavailable | ||
| $10.00 | Update 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 $7.90 per share after premium; the shares can keep falling.
Stage C would sell a $12.50 call for about $0.25, lowering the effective basis further.
Next steps
Data provenance
Figures are from published, reviewed research as of Oct 7, 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.