WEN · Wheel

Wendy's Company (The) (WEN) wheel

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

$7.17
Modelled strike
$7.00
Modelled premium
$0.09
Cash required
$700.00
Breakeven
$6.91
Downside buffer
3.6%
Period return
1.3%
Annualized return
96.0%
Days to expiration
7
Strategy payoffModelled cash-secured put payoff. Spot $7.17. Expiry maximum profit $9.00 · Expiry maximum loss -$691.00 · Expiry breakevens $6.91. 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.

$3.585: Expiration P/L: -$332.50 Update time unavailable
Event / reference markers
  • Spot: $7.17
  • Expiry breakeven $6.91: $6.91
  • sell put strike $7.00: $7.00
Exact data table

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

ObservationExpiration P/L (USD)ContextUpdated
-$332.50Update time unavailable
-$325.33Update time unavailable
-$318.16Update time unavailable
-$310.99Update time unavailable
-$303.82Update time unavailable
-$296.65Update time unavailable
-$289.48Update time unavailable
-$282.31Update time unavailable
-$275.14Update time unavailable
-$267.97Update time unavailable
-$260.80Update time unavailable
-$253.63Update time unavailable
-$246.46Update time unavailable
-$239.29Update time unavailable
-$232.12Update time unavailable
-$224.95Update time unavailable
-$217.78Update time unavailable
-$210.61Update time unavailable
-$203.44Update time unavailable
-$196.27Update time unavailable
-$189.10Update time unavailable
-$181.93Update time unavailable
-$174.76Update time unavailable
-$167.59Update time unavailable
-$160.42Update time unavailable
-$153.25Update time unavailable
-$146.08Update time unavailable
-$138.91Update time unavailable
-$131.74Update time unavailable
-$124.57Update time unavailable
-$117.40Update time unavailable
-$110.23Update time unavailable
-$103.06Update time unavailable
-$95.89Update time unavailable
-$88.72Update time unavailable
-$81.55Update time unavailable
-$74.38Update time unavailable
-$67.21Update time unavailable
-$60.04Update time unavailable
-$52.87Update time unavailable
-$45.70Update time unavailable
-$38.53Update time unavailable
-$31.36Update time unavailable
-$24.19Update time unavailable
-$17.02Update time unavailable
-$9.85Update time unavailable
-$2.68Update time unavailable
$0.00Update time unavailable
$4.49Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Spot referenceUpdate time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update time unavailable
$9.00Update 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 $6.91 per share after premium; the shares can keep falling.

Stage C would sell a $7.50 call for about $0.05, lowering the effective basis further.

Next steps

Data provenance

Figures are from published, reviewed research as of Oct 29, 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.