UNH · Wheel

UnitedHealth Group Incorporated Common Stock (DE) (UNH) wheel

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

$376.32
Modelled strike
$345.00
Modelled premium
$2.32
Cash required
$34,500.00
Breakeven
$342.68
Downside buffer
8.9%
Period return
0.7%
Annualized return
41.9%
Days to expiration
7
Strategy payoffModelled cash-secured put payoff. Spot $376.32. Expiry maximum profit $232.00 · Expiry maximum loss -$34,268.00 · Expiry breakevens $342.68. 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.

$188.16Expiration P/L -$15,452.00Update time unavailable
Event / reference markers
  • Spot: $376.32
  • Expiry breakeven $342.68: $342.68
  • sell put strike $345.00: $345.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$15,452.00Update time unavailable
-$15,075.68Update time unavailable
-$14,699.36Update time unavailable
-$14,323.04Update time unavailable
-$13,946.72Update time unavailable
-$13,570.40Update time unavailable
-$13,194.08Update time unavailable
-$12,817.76Update time unavailable
-$12,441.44Update time unavailable
-$12,065.12Update time unavailable
-$11,688.80Update time unavailable
-$11,312.48Update time unavailable
-$10,936.16Update time unavailable
-$10,559.84Update time unavailable
-$10,183.52Update time unavailable
-$9,807.20Update time unavailable
-$9,430.88Update time unavailable
-$9,054.56Update time unavailable
-$8,678.24Update time unavailable
-$8,301.92Update time unavailable
-$7,925.60Update time unavailable
-$7,549.28Update time unavailable
-$7,172.96Update time unavailable
-$6,796.64Update time unavailable
-$6,420.32Update time unavailable
-$6,044.00Update time unavailable
-$5,667.68Update time unavailable
-$5,291.36Update time unavailable
-$4,915.04Update time unavailable
-$4,538.72Update time unavailable
-$4,162.40Update time unavailable
-$3,786.08Update time unavailable
-$3,409.76Update time unavailable
-$3,033.44Update time unavailable
-$2,657.12Update time unavailable
-$2,280.80Update time unavailable
-$1,904.48Update time unavailable
-$1,528.16Update time unavailable
-$1,151.84Update time unavailable
-$775.52Update time unavailable
-$399.20Update time unavailable
-$22.88Update time unavailable
$0.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Spot referenceUpdate time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update time unavailable
$232.00Update 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 $342.68 per share after premium; the shares can keep falling.

Stage C would sell a $410.00 call for about $2.69, 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.

UnitedHealth Group Incorporated Common Stock (DE) (UNH) Wheel | Options Whale