NOW · Wheel

ServiceNow, Inc. Common Stock (NOW) wheel

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

$137.87
Modelled strike
$115.00
Modelled premium
$1.35
Cash required
$11,500.00
Breakeven
$113.65
Downside buffer
17.6%
Period return
1.2%
Annualized return
16.4%
Days to expiration
28
Strategy payoffModelled cash-secured put payoff. Spot $137.87. Expiry maximum profit $135.00 · Expiry maximum loss -$11,365.00 · Expiry breakevens $113.65. 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.

$68.935Expiration P/L -$4,471.50Update time unavailable
Event / reference markers
  • Spot: $137.87
  • Expiry breakeven $113.65: $113.65
  • sell put strike $115.00: $115.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$4,471.50Update time unavailable
-$4,333.63Update time unavailable
-$4,195.76Update time unavailable
-$4,057.89Update time unavailable
-$3,920.02Update time unavailable
-$3,782.15Update time unavailable
-$3,644.28Update time unavailable
-$3,506.41Update time unavailable
-$3,368.54Update time unavailable
-$3,230.67Update time unavailable
-$3,092.80Update time unavailable
-$2,954.93Update time unavailable
-$2,817.06Update time unavailable
-$2,679.19Update time unavailable
-$2,541.32Update time unavailable
-$2,403.45Update time unavailable
-$2,265.58Update time unavailable
-$2,127.71Update time unavailable
-$1,989.84Update time unavailable
-$1,851.97Update time unavailable
-$1,714.10Update time unavailable
-$1,576.23Update time unavailable
-$1,438.36Update time unavailable
-$1,300.49Update time unavailable
-$1,162.62Update time unavailable
-$1,024.75Update time unavailable
-$886.88Update time unavailable
-$749.01Update time unavailable
-$611.14Update time unavailable
-$473.27Update time unavailable
-$335.40Update time unavailable
-$197.53Update time unavailable
-$59.66Update time unavailable
$0.00Update time unavailable
$78.21Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Spot referenceUpdate time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update time unavailable
$135.00Update 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 $113.65 per share after premium; the shares can keep falling.

Stage C would sell a $160.00 call for about $2.49, 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.

ServiceNow, Inc. Common Stock (NOW) Wheel | Options Whale