UMC · Wheel
United Microelectronics Corporation (NEW) Common Stock (UMC) wheel
The cash-secured put → assigned shares → covered call cycle for this ticker.
- Modelled strike
- $20.00
- Modelled premium
- $0.25
- Cash required
- $2,000.00
- Breakeven
- $19.75
- Downside buffer
- 14.8%
- Period return
- 1.3%
- Annualized return
- 23.0%
- Days to expiration
- 22
Update time unavailable
Loading graph — the exact table is available below.
$11.595Expiration P/L -$815.50Update time unavailable
Event / reference markers
- Spot: $23.19
- Expiry breakeven $19.75: $19.75
- sell put strike $20.00: $20.00
Exact data table
| Observation | Expiration P/L (USD) | Context | Updated |
|---|---|---|---|
| -$815.50 | Update time unavailable | ||
| -$792.31 | Update time unavailable | ||
| -$769.12 | Update time unavailable | ||
| -$745.93 | Update time unavailable | ||
| -$722.74 | Update time unavailable | ||
| -$699.55 | Update time unavailable | ||
| -$676.36 | Update time unavailable | ||
| -$653.17 | Update time unavailable | ||
| -$629.98 | Update time unavailable | ||
| -$606.79 | Update time unavailable | ||
| -$583.60 | Update time unavailable | ||
| -$560.41 | Update time unavailable | ||
| -$537.22 | Update time unavailable | ||
| -$514.03 | Update time unavailable | ||
| -$490.84 | Update time unavailable | ||
| -$467.65 | Update time unavailable | ||
| -$444.46 | Update time unavailable | ||
| -$421.27 | Update time unavailable | ||
| -$398.08 | Update time unavailable | ||
| -$374.89 | Update time unavailable | ||
| -$351.70 | Update time unavailable | ||
| -$328.51 | Update time unavailable | ||
| -$305.32 | Update time unavailable | ||
| -$282.13 | Update time unavailable | ||
| -$258.94 | Update time unavailable | ||
| -$235.75 | Update time unavailable | ||
| -$212.56 | Update time unavailable | ||
| -$189.37 | Update time unavailable | ||
| -$166.18 | Update time unavailable | ||
| -$142.99 | Update time unavailable | ||
| -$119.80 | Update time unavailable | ||
| -$96.61 | Update time unavailable | ||
| -$73.42 | Update time unavailable | ||
| -$50.23 | Update time unavailable | ||
| -$27.04 | Update time unavailable | ||
| -$3.85 | Update time unavailable | ||
| $0.00 | Update time unavailable | ||
| $19.34 | Update time unavailable | ||
| $25.00 | Update time unavailable | ||
| $25.00 | Update time unavailable | ||
| $25.00 | Update time unavailable | ||
| $25.00 | Update time unavailable | ||
| $25.00 | Update time unavailable | ||
| $25.00 | Update time unavailable | ||
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| $25.00 | Update time unavailable | ||
| $25.00 | Update time unavailable | ||
| $25.00 | Update time unavailable | ||
| $25.00 | Update time unavailable | ||
| $25.00 | Update time unavailable | ||
| $25.00 | Spot reference | Update time unavailable | |
| $25.00 | Update time unavailable | ||
| $25.00 | Update time unavailable | ||
| $25.00 | Update time unavailable | ||
| $25.00 | Update time unavailable | ||
| $25.00 | Update time unavailable | ||
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| $25.00 | Update time unavailable | ||
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| $25.00 | Update time unavailable | ||
| $25.00 | Update time unavailable | ||
| $25.00 | 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 $19.75 per share after premium; the shares can keep falling.
Stage C would sell a $26.50 call for about $0.37, lowering the effective basis further.
Next steps
Data provenance
Figures are from published, reviewed research as of Oct 6, 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.