USAS · Wheel

Americas Gold and Silver Corporation Common Shares, no par value (USAS) wheel

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

$3.19
Modelled strike
$2.50
Modelled premium
$0.02
Cash required
$250.00
Breakeven
$2.48
Downside buffer
22.2%
Period return
0.7%
Annualized return
17.2%
Days to expiration
17
Strategy payoffModelled cash-secured put payoff. Spot $3.19. Expiry maximum profit $2.00 · Expiry maximum loss -$248.00 · Expiry breakevens $2.48. 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.

$1.595: Expiration P/L: -$88.50 Update time unavailable
Event / reference markers
  • Spot: $3.19
  • Expiry breakeven $2.48: $2.48
  • 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
-$88.50Update time unavailable
-$85.31Update time unavailable
-$82.12Update time unavailable
-$78.93Update time unavailable
-$75.74Update time unavailable
-$72.55Update time unavailable
-$69.36Update time unavailable
-$66.17Update time unavailable
-$62.98Update time unavailable
-$59.79Update time unavailable
-$56.60Update time unavailable
-$53.41Update time unavailable
-$50.22Update time unavailable
-$47.03Update time unavailable
-$43.84Update time unavailable
-$40.65Update time unavailable
-$37.46Update time unavailable
-$34.27Update time unavailable
-$31.08Update time unavailable
-$27.89Update time unavailable
-$24.70Update time unavailable
-$21.51Update time unavailable
-$18.32Update time unavailable
-$15.13Update time unavailable
-$11.94Update time unavailable
-$8.75Update time unavailable
-$5.56Update time unavailable
-$2.37Update time unavailable
-$0.00Update time unavailable
$0.82Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Spot referenceUpdate time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update time unavailable
$2.00Update 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 $2.48 per share after premium; the shares can keep falling.

Stage C would sell a $4.00 call for about $0.03, lowering the effective basis further.

Next steps

Data provenance

Figures are from published, reviewed research as of Oct 27, 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.