PINS · Wheel

Pinterest, Inc. Class A Common Stock (PINS) wheel

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

$21.40
Modelled strike
$18.00
Modelled premium
$0.18
Cash required
$1,800.00
Breakeven
$17.82
Downside buffer
16.7%
Period return
1.0%
Annualized return
15.5%
Days to expiration
25
Strategy payoffModelled cash-secured put payoff. Spot $21.40. Expiry maximum profit $18.00 · Expiry maximum loss -$1,782.00 · Expiry breakevens $17.82. 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.

$10.70Expiration P/L -$712.00Update time unavailable
Event / reference markers
  • Spot: $21.40
  • Expiry breakeven $17.82: $17.82
  • sell put strike $18.00: $18.00
Exact data table

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

ObservationExpiration P/L (USD)ContextUpdated
-$712.00Update time unavailable
-$690.60Update time unavailable
-$669.20Update time unavailable
-$647.80Update time unavailable
-$626.40Update time unavailable
-$605.00Update time unavailable
-$583.60Update time unavailable
-$562.20Update time unavailable
-$540.80Update time unavailable
-$519.40Update time unavailable
-$498.00Update time unavailable
-$476.60Update time unavailable
-$455.20Update time unavailable
-$433.80Update time unavailable
-$412.40Update time unavailable
-$391.00Update time unavailable
-$369.60Update time unavailable
-$348.20Update time unavailable
-$326.80Update time unavailable
-$305.40Update time unavailable
-$284.00Update time unavailable
-$262.60Update time unavailable
-$241.20Update time unavailable
-$219.80Update time unavailable
-$198.40Update time unavailable
-$177.00Update time unavailable
-$155.60Update time unavailable
-$134.20Update time unavailable
-$112.80Update time unavailable
-$91.40Update time unavailable
-$70.00Update time unavailable
-$48.60Update time unavailable
-$27.20Update time unavailable
-$5.80Update time unavailable
$0.00Update time unavailable
$15.60Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Spot referenceUpdate time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update time unavailable
$18.00Update 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 $17.82 per share after premium; the shares can keep falling.

Stage C would sell a $24.50 call for about $0.36, lowering the effective basis further.

Next steps

Data provenance

Figures are from published, reviewed research as of Oct 9, 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.

Pinterest, Inc. Class A Common Stock (PINS) Wheel | Options Whale