NFLX · Wheel
Netflix, Inc. (NFLX) wheel
The cash-secured put → assigned shares → covered call cycle for this ticker.
- Modelled strike
- $62.00
- Modelled premium
- $0.47
- Cash required
- $6,200.00
- Breakeven
- $61.53
- Downside buffer
- 12.5%
- Period return
- 0.8%
- Annualized return
- 14.0%
- Days to expiration
- 21
Profit LossMax profit $47.00 · Max loss -$6,153.00
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 $61.53 per share after premium; the shares can keep falling.
Stage C would sell a $78.00 call for about $0.82, lowering the effective basis further.
Next steps
Data provenance
Figures are from published, reviewed research as of Sep 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.