V · Wheel

Visa Inc. (V) wheel

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

$385.45
Modelled strike
$365.00
Modelled premium
$1.94
Cash required
$36,500.00
Breakeven
$363.06
Downside buffer
5.8%
Period return
0.5%
Annualized return
11.4%
Days to expiration
18
Strategy payoffModelled cash-secured put payoff. Spot $385.45. Expiry maximum profit $194.00 · Expiry maximum loss -$36,306.00 · Expiry breakevens $363.06. 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.

$192.725Expiration P/L -$17,033.50Update time unavailable
Event / reference markers
  • Spot: $385.45
  • Expiry breakeven $363.06: $363.06
  • sell put strike $365.00: $365.00
Exact data table

Strategy payoff · full stored dataset, independent of graph range/toggles

ObservationExpiration P/L (USD)ContextUpdated
-$17,033.50Update time unavailable
-$16,648.05Update time unavailable
-$16,262.60Update time unavailable
-$15,877.15Update time unavailable
-$15,491.70Update time unavailable
-$15,106.25Update time unavailable
-$14,720.80Update time unavailable
-$14,335.35Update time unavailable
-$13,949.90Update time unavailable
-$13,564.45Update time unavailable
-$13,179.00Update time unavailable
-$12,793.55Update time unavailable
-$12,408.10Update time unavailable
-$12,022.65Update time unavailable
-$11,637.20Update time unavailable
-$11,251.75Update time unavailable
-$10,866.30Update time unavailable
-$10,480.85Update time unavailable
-$10,095.40Update time unavailable
-$9,709.95Update time unavailable
-$9,324.50Update time unavailable
-$8,939.05Update time unavailable
-$8,553.60Update time unavailable
-$8,168.15Update time unavailable
-$7,782.70Update time unavailable
-$7,397.25Update time unavailable
-$7,011.80Update time unavailable
-$6,626.35Update time unavailable
-$6,240.90Update time unavailable
-$5,855.45Update time unavailable
-$5,470.00Update time unavailable
-$5,084.55Update time unavailable
-$4,699.10Update time unavailable
-$4,313.65Update time unavailable
-$3,928.20Update time unavailable
-$3,542.75Update time unavailable
-$3,157.30Update time unavailable
-$2,771.85Update time unavailable
-$2,386.40Update time unavailable
-$2,000.95Update time unavailable
-$1,615.50Update time unavailable
-$1,230.05Update time unavailable
-$844.60Update time unavailable
-$459.15Update time unavailable
-$73.70Update time unavailable
$0.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Spot referenceUpdate time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update time unavailable
$194.00Update 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 $363.06 per share after premium; the shares can keep falling.

Stage C would sell a $410.00 call for about $1.85, lowering the effective basis further.

Next steps

Data provenance

Figures are from published, reviewed research as of Oct 9, 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.