RXT · Wheel

Rackspace Technology, Inc. (RXT) wheel

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

$2.99
Modelled strike
$2.50
Modelled premium
$0.07
Cash required
$250.00
Breakeven
$2.43
Downside buffer
18.6%
Period return
2.7%
Annualized return
138.2%
Days to expiration
11
Strategy payoffModelled cash-secured put payoff. Spot $2.99. Expiry maximum profit $7.00 · Expiry maximum loss -$243.00 · Expiry breakevens $2.43. 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.

$1.495: Expiration P/L: -$93.50 Update time unavailable
Event / reference markers
  • Spot: $2.99
  • Expiry breakeven $2.43: $2.43
  • sell put strike $2.50: $2.50
Exact data table

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

ObservationExpiration P/L (USD)ContextUpdated
-$93.50Update time unavailable
-$90.51Update time unavailable
-$87.52Update time unavailable
-$84.53Update time unavailable
-$81.54Update time unavailable
-$78.55Update time unavailable
-$75.56Update time unavailable
-$72.57Update time unavailable
-$69.58Update time unavailable
-$66.59Update time unavailable
-$63.60Update time unavailable
-$60.61Update time unavailable
-$57.62Update time unavailable
-$54.63Update time unavailable
-$51.64Update time unavailable
-$48.65Update time unavailable
-$45.66Update time unavailable
-$42.67Update time unavailable
-$39.68Update time unavailable
-$36.69Update time unavailable
-$33.70Update time unavailable
-$30.71Update time unavailable
-$27.72Update time unavailable
-$24.73Update time unavailable
-$21.74Update time unavailable
-$18.75Update time unavailable
-$15.76Update time unavailable
-$12.77Update time unavailable
-$9.78Update time unavailable
-$6.79Update time unavailable
-$3.80Update time unavailable
-$0.81Update time unavailable
-$0.00Update time unavailable
$2.18Update time unavailable
$5.17Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Spot referenceUpdate time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update time unavailable
$7.00Update 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 $2.43 per share after premium; the shares can keep falling.

Stage C would sell a $3.50 call for about $0.10, 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.