VIAV · Wheel

Viavi Solutions Inc. (VIAV) wheel

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

$46.27
Modelled strike
$36.00
Modelled premium
$0.60
Cash required
$3,600.00
Breakeven
$35.40
Downside buffer
23.5%
Period return
1.7%
Annualized return
24.1%
Days to expiration
28
Strategy payoffModelled cash-secured put payoff. Spot $46.27. Expiry maximum profit $60.00 · Expiry maximum loss -$3,540.00 · Expiry breakevens $35.40. 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.

$23.135Expiration P/L -$1,226.50Update time unavailable
Event / reference markers
  • Spot: $46.27
  • Expiry breakeven $35.40: $35.40
  • sell put strike $36.00: $36.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$1,226.50Update time unavailable
-$1,180.23Update time unavailable
-$1,133.96Update time unavailable
-$1,087.69Update time unavailable
-$1,041.42Update time unavailable
-$995.15Update time unavailable
-$948.88Update time unavailable
-$902.61Update time unavailable
-$856.34Update time unavailable
-$810.07Update time unavailable
-$763.80Update time unavailable
-$717.53Update time unavailable
-$671.26Update time unavailable
-$624.99Update time unavailable
-$578.72Update time unavailable
-$532.45Update time unavailable
-$486.18Update time unavailable
-$439.91Update time unavailable
-$393.64Update time unavailable
-$347.37Update time unavailable
-$301.10Update time unavailable
-$254.83Update time unavailable
-$208.56Update time unavailable
-$162.29Update time unavailable
-$116.02Update time unavailable
-$69.75Update time unavailable
-$23.48Update time unavailable
-$0.00Update time unavailable
$22.79Update time unavailable
$60.00Update time unavailable
$60.00Update time unavailable
$60.00Update time unavailable
$60.00Update time unavailable
$60.00Update time unavailable
$60.00Update time unavailable
$60.00Update time unavailable
$60.00Update time unavailable
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$60.00Spot referenceUpdate time unavailable
$60.00Update time unavailable
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$60.00Update 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 $35.40 per share after premium; the shares can keep falling.

Stage C would sell a $57.00 call for about $1.14, 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.