NVAX · Wheel
Novavax, Inc. (NVAX) wheel
The cash-secured put → assigned shares → covered call cycle for this ticker.
- Modelled strike
- $8.50
- Modelled premium
- $0.09
- Cash required
- $850.00
- Breakeven
- $8.41
- Downside buffer
- 19.7%
- Period return
- 1.0%
- Annualized return
- 70.6%
- Days to expiration
- 7
Update time unavailable
Loading graph — the exact table is available below.
$5.235: Expiration P/L: -$317.50 Update time unavailable
Event / reference markers
- Spot: $10.47
- Expiry breakeven $8.41: $8.41
- sell put strike $8.50: $8.50
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
| Observation | Expiration P/L (USD) | Context | Updated |
|---|---|---|---|
| -$317.50 | Update time unavailable | ||
| -$307.03 | Update time unavailable | ||
| -$296.56 | Update time unavailable | ||
| -$286.09 | Update time unavailable | ||
| -$275.62 | Update time unavailable | ||
| -$265.15 | Update time unavailable | ||
| -$254.68 | Update time unavailable | ||
| -$244.21 | Update time unavailable | ||
| -$233.74 | Update time unavailable | ||
| -$223.27 | Update time unavailable | ||
| -$212.80 | Update time unavailable | ||
| -$202.33 | Update time unavailable | ||
| -$191.86 | Update time unavailable | ||
| -$181.39 | Update time unavailable | ||
| -$170.92 | Update time unavailable | ||
| -$160.45 | Update time unavailable | ||
| -$149.98 | Update time unavailable | ||
| -$139.51 | Update time unavailable | ||
| -$129.04 | Update time unavailable | ||
| -$118.57 | Update time unavailable | ||
| -$108.10 | Update time unavailable | ||
| -$97.63 | Update time unavailable | ||
| -$87.16 | Update time unavailable | ||
| -$76.69 | Update time unavailable | ||
| -$66.22 | Update time unavailable | ||
| -$55.75 | Update time unavailable | ||
| -$45.28 | Update time unavailable | ||
| -$34.81 | Update time unavailable | ||
| -$24.34 | Update time unavailable | ||
| -$13.87 | Update time unavailable | ||
| -$3.40 | Update time unavailable | ||
| $0.00 | Update time unavailable | ||
| $7.07 | Update time unavailable | ||
| $9.00 | Update time unavailable | ||
| $9.00 | Update time unavailable | ||
| $9.00 | Update time unavailable | ||
| $9.00 | Update time unavailable | ||
| $9.00 | Update time unavailable | ||
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| $9.00 | Spot reference | Update time unavailable | |
| $9.00 | Update time unavailable | ||
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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 $8.41 per share after premium; the shares can keep falling.
Stage C would sell a $12.50 call for about $0.16, 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.