SE · Wheel

Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE) wheel

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

$94.66
Modelled strike
$78.00
Modelled premium
$1.00
Cash required
$7,800.00
Breakeven
$77.00
Downside buffer
18.7%
Period return
1.3%
Annualized return
14.7%
Days to expiration
34
Strategy payoffModelled cash-secured put payoff. Spot $94.66. Expiry maximum profit $100.00 · Expiry maximum loss -$7,700.00 · Expiry breakevens $77.00. 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.

$47.33Expiration P/L -$2,967.00Update time unavailable
Event / reference markers
  • Spot: $94.66
  • Expiry breakeven $77.00: $77.00
  • sell put strike $78.00: $78.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$2,967.00Update time unavailable
-$2,872.34Update time unavailable
-$2,777.68Update time unavailable
-$2,683.02Update time unavailable
-$2,588.36Update time unavailable
-$2,493.70Update time unavailable
-$2,399.04Update time unavailable
-$2,304.38Update time unavailable
-$2,209.72Update time unavailable
-$2,115.06Update time unavailable
-$2,020.40Update time unavailable
-$1,925.74Update time unavailable
-$1,831.08Update time unavailable
-$1,736.42Update time unavailable
-$1,641.76Update time unavailable
-$1,547.10Update time unavailable
-$1,452.44Update time unavailable
-$1,357.78Update time unavailable
-$1,263.12Update time unavailable
-$1,168.46Update time unavailable
-$1,073.80Update time unavailable
-$979.14Update time unavailable
-$884.48Update time unavailable
-$789.82Update time unavailable
-$695.16Update time unavailable
-$600.50Update time unavailable
-$505.84Update time unavailable
-$411.18Update time unavailable
-$316.52Update time unavailable
-$221.86Update time unavailable
-$127.20Update time unavailable
-$32.54Update time unavailable
$0.00Update time unavailable
$62.12Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
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$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
$100.00Spot referenceUpdate time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
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$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
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$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update time unavailable
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$100.00Update time unavailable
$100.00Update time unavailable
$100.00Update 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 $77.00 per share after premium; the shares can keep falling.

Stage C would sell a $111.00 call for about $1.87, 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.

Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE) Wheel | Options Whale