RKT · Wheel

Rocket Companies, Inc. Class A Common Stock (RKT) wheel

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

$11.68
Modelled strike
$10.00
Modelled premium
$0.15
Cash required
$1,000.00
Breakeven
$9.85
Downside buffer
15.6%
Period return
1.5%
Annualized return
25.0%
Days to expiration
24
Strategy payoffModelled cash-secured put payoff. Spot $11.68. Expiry maximum profit $15.00 · Expiry maximum loss -$985.00 · Expiry breakevens $9.85. 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.

$5.84Expiration P/L -$401.00Update time unavailable
Event / reference markers
  • Spot: $11.68
  • Expiry breakeven $9.85: $9.85
  • sell put strike $10.00: $10.00
Exact data table

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

ObservationExpiration P/L (USD)ContextUpdated
-$401.00Update time unavailable
-$389.32Update time unavailable
-$377.64Update time unavailable
-$365.96Update time unavailable
-$354.28Update time unavailable
-$342.60Update time unavailable
-$330.92Update time unavailable
-$319.24Update time unavailable
-$307.56Update time unavailable
-$295.88Update time unavailable
-$284.20Update time unavailable
-$272.52Update time unavailable
-$260.84Update time unavailable
-$249.16Update time unavailable
-$237.48Update time unavailable
-$225.80Update time unavailable
-$214.12Update time unavailable
-$202.44Update time unavailable
-$190.76Update time unavailable
-$179.08Update time unavailable
-$167.40Update time unavailable
-$155.72Update time unavailable
-$144.04Update time unavailable
-$132.36Update time unavailable
-$120.68Update time unavailable
-$109.00Update time unavailable
-$97.32Update time unavailable
-$85.64Update time unavailable
-$73.96Update time unavailable
-$62.28Update time unavailable
-$50.60Update time unavailable
-$38.92Update time unavailable
-$27.24Update time unavailable
-$15.56Update time unavailable
-$3.88Update time unavailable
-$0.00Update time unavailable
$7.80Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Spot referenceUpdate time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
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$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
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$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update time unavailable
$15.00Update 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 $9.85 per share after premium; the shares can keep falling.

Stage C would sell a $13.50 call for about $0.21, lowering the effective basis further.

Next steps

Data provenance

Figures are from published, reviewed research as of Oct 5, 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.