PAAS · Wheel

Pan American Silver Corp. Common Stock (PAAS) wheel

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

$44.35
Modelled strike
$38.00
Modelled premium
$0.45
Cash required
$3,800.00
Breakeven
$37.55
Downside buffer
15.3%
Period return
1.2%
Annualized return
13.0%
Days to expiration
35
Strategy payoffModelled cash-secured put payoff. Spot $44.35. Expiry maximum profit $45.00 · Expiry maximum loss -$3,755.00 · Expiry breakevens $37.55. 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.

$22.175Expiration P/L -$1,537.50Update time unavailable
Event / reference markers
  • Spot: $44.35
  • Expiry breakeven $37.55: $37.55
  • sell put strike $38.00: $38.00
Exact data table

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

ObservationExpiration P/L (USD)ContextUpdated
-$1,537.50Update time unavailable
-$1,493.15Update time unavailable
-$1,448.80Update time unavailable
-$1,404.45Update time unavailable
-$1,360.10Update time unavailable
-$1,315.75Update time unavailable
-$1,271.40Update time unavailable
-$1,227.05Update time unavailable
-$1,182.70Update time unavailable
-$1,138.35Update time unavailable
-$1,094.00Update time unavailable
-$1,049.65Update time unavailable
-$1,005.30Update time unavailable
-$960.95Update time unavailable
-$916.60Update time unavailable
-$872.25Update time unavailable
-$827.90Update time unavailable
-$783.55Update time unavailable
-$739.20Update time unavailable
-$694.85Update time unavailable
-$650.50Update time unavailable
-$606.15Update time unavailable
-$561.80Update time unavailable
-$517.45Update time unavailable
-$473.10Update time unavailable
-$428.75Update time unavailable
-$384.40Update time unavailable
-$340.05Update time unavailable
-$295.70Update time unavailable
-$251.35Update time unavailable
-$207.00Update time unavailable
-$162.65Update time unavailable
-$118.30Update time unavailable
-$73.95Update time unavailable
-$29.60Update time unavailable
-$0.00Update time unavailable
$14.75Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Spot referenceUpdate time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update time unavailable
$45.00Update 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 $37.55 per share after premium; the shares can keep falling.

Stage C would sell a $51.00 call for about $0.69, 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.