STX · Wheel

Seagate Technology Holdings PLC (STX) wheel

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

$807.57
Modelled strike
$685.00
Modelled premium
$7.86
Cash required
$68,500.00
Breakeven
$677.14
Downside buffer
16.2%
Period return
1.1%
Annualized return
23.1%
Days to expiration
20
Strategy payoffModelled cash-secured put payoff. Spot $807.57. Expiry maximum profit $786.00 · Expiry maximum loss -$67,714.00 · Expiry breakevens $677.14. 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.

$403.785Expiration P/L -$27,335.50Update time unavailable
Event / reference markers
  • Spot: $807.57
  • Expiry breakeven $677.14: $677.14
  • sell put strike $685.00: $685.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$27,335.50Update time unavailable
-$26,527.93Update time unavailable
-$25,720.36Update time unavailable
-$24,912.79Update time unavailable
-$24,105.22Update time unavailable
-$23,297.65Update time unavailable
-$22,490.08Update time unavailable
-$21,682.51Update time unavailable
-$20,874.94Update time unavailable
-$20,067.37Update time unavailable
-$19,259.80Update time unavailable
-$18,452.23Update time unavailable
-$17,644.66Update time unavailable
-$16,837.09Update time unavailable
-$16,029.52Update time unavailable
-$15,221.95Update time unavailable
-$14,414.38Update time unavailable
-$13,606.81Update time unavailable
-$12,799.24Update time unavailable
-$11,991.67Update time unavailable
-$11,184.10Update time unavailable
-$10,376.53Update time unavailable
-$9,568.96Update time unavailable
-$8,761.39Update time unavailable
-$7,953.82Update time unavailable
-$7,146.25Update time unavailable
-$6,338.68Update time unavailable
-$5,531.11Update time unavailable
-$4,723.54Update time unavailable
-$3,915.97Update time unavailable
-$3,108.40Update time unavailable
-$2,300.83Update time unavailable
-$1,493.26Update time unavailable
-$685.69Update time unavailable
-$0.00Update time unavailable
$121.88Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Spot referenceUpdate time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update time unavailable
$786.00Update 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 $677.14 per share after premium; the shares can keep falling.

Stage C would sell a $930.00 call for about $12.97, 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.

Seagate Technology Holdings PLC (STX) Wheel | Options Whale