PM · Wheel
Philip Morris International Inc Common Stock (PM) wheel
The cash-secured put → assigned shares → covered call cycle for this ticker.
- Modelled strike
- $180.00
- Modelled premium
- $1.11
- Cash required
- $18,000.00
- Breakeven
- $178.89
- Downside buffer
- 7.2%
- Period return
- 0.6%
- Annualized return
- 18.8%
- Days to expiration
- 13
Update time unavailable
Loading graph — the exact table is available below.
$96.345Expiration P/L -$8,254.50Update time unavailable
Event / reference markers
- Spot: $192.69
- Expiry breakeven $178.89: $178.89
- sell put strike $180.00: $180.00
Exact data table
| Observation | Expiration P/L (USD) | Context | Updated |
|---|---|---|---|
| -$8,254.50 | Update time unavailable | ||
| -$8,061.81 | Update time unavailable | ||
| -$7,869.12 | Update time unavailable | ||
| -$7,676.43 | Update time unavailable | ||
| -$7,483.74 | Update time unavailable | ||
| -$7,291.05 | Update time unavailable | ||
| -$7,098.36 | Update time unavailable | ||
| -$6,905.67 | Update time unavailable | ||
| -$6,712.98 | Update time unavailable | ||
| -$6,520.29 | Update time unavailable | ||
| -$6,327.60 | Update time unavailable | ||
| -$6,134.91 | Update time unavailable | ||
| -$5,942.22 | Update time unavailable | ||
| -$5,749.53 | Update time unavailable | ||
| -$5,556.84 | Update time unavailable | ||
| -$5,364.15 | Update time unavailable | ||
| -$5,171.46 | Update time unavailable | ||
| -$4,978.77 | Update time unavailable | ||
| -$4,786.08 | Update time unavailable | ||
| -$4,593.39 | Update time unavailable | ||
| -$4,400.70 | Update time unavailable | ||
| -$4,208.01 | Update time unavailable | ||
| -$4,015.32 | Update time unavailable | ||
| -$3,822.63 | Update time unavailable | ||
| -$3,629.94 | Update time unavailable | ||
| -$3,437.25 | Update time unavailable | ||
| -$3,244.56 | Update time unavailable | ||
| -$3,051.87 | Update time unavailable | ||
| -$2,859.18 | Update time unavailable | ||
| -$2,666.49 | Update time unavailable | ||
| -$2,473.80 | Update time unavailable | ||
| -$2,281.11 | Update time unavailable | ||
| -$2,088.42 | Update time unavailable | ||
| -$1,895.73 | Update time unavailable | ||
| -$1,703.04 | Update time unavailable | ||
| -$1,510.35 | Update time unavailable | ||
| -$1,317.66 | Update time unavailable | ||
| -$1,124.97 | Update time unavailable | ||
| -$932.28 | Update time unavailable | ||
| -$739.59 | Update time unavailable | ||
| -$546.90 | Update time unavailable | ||
| -$354.21 | Update time unavailable | ||
| -$161.52 | Update time unavailable | ||
| $0.00 | Update time unavailable | ||
| $31.17 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Spot reference | Update time unavailable | |
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update time unavailable | ||
| $111.00 | Update 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 $178.89 per share after premium; the shares can keep falling.
Stage C would sell a $205.00 call for about $1.50, 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.