WFC · Wheel

Wells Fargo & Company Common Stock (WFC) wheel

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

$81.51
Modelled strike
$77.00
Modelled premium
$0.28
Cash required
$7,700.00
Breakeven
$76.72
Downside buffer
5.9%
Period return
0.4%
Annualized return
20.5%
Days to expiration
7
Strategy payoffModelled cash-secured put payoff. Spot $81.51. Expiry maximum profit $28.00 · Expiry maximum loss -$7,672.00 · Expiry breakevens $76.72. 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.

$40.755Expiration P/L -$3,596.50Update time unavailable
Event / reference markers
  • Spot: $81.51
  • Expiry breakeven $76.72: $76.72
  • sell put strike $77.00: $77.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$3,596.50Update time unavailable
-$3,514.99Update time unavailable
-$3,433.48Update time unavailable
-$3,351.97Update time unavailable
-$3,270.46Update time unavailable
-$3,188.95Update time unavailable
-$3,107.44Update time unavailable
-$3,025.93Update time unavailable
-$2,944.42Update time unavailable
-$2,862.91Update time unavailable
-$2,781.40Update time unavailable
-$2,699.89Update time unavailable
-$2,618.38Update time unavailable
-$2,536.87Update time unavailable
-$2,455.36Update time unavailable
-$2,373.85Update time unavailable
-$2,292.34Update time unavailable
-$2,210.83Update time unavailable
-$2,129.32Update time unavailable
-$2,047.81Update time unavailable
-$1,966.30Update time unavailable
-$1,884.79Update time unavailable
-$1,803.28Update time unavailable
-$1,721.77Update time unavailable
-$1,640.26Update time unavailable
-$1,558.75Update time unavailable
-$1,477.24Update time unavailable
-$1,395.73Update time unavailable
-$1,314.22Update time unavailable
-$1,232.71Update time unavailable
-$1,151.20Update time unavailable
-$1,069.69Update time unavailable
-$988.18Update time unavailable
-$906.67Update time unavailable
-$825.16Update time unavailable
-$743.65Update time unavailable
-$662.14Update time unavailable
-$580.63Update time unavailable
-$499.12Update time unavailable
-$417.61Update time unavailable
-$336.10Update time unavailable
-$254.59Update time unavailable
-$173.08Update time unavailable
-$91.57Update time unavailable
-$10.06Update time unavailable
-$0.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Spot referenceUpdate time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update time unavailable
$28.00Update 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 $76.72 per share after premium; the shares can keep falling.

Stage C would sell a $86.00 call for about $0.35, 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.

Wells Fargo & Company Common Stock (WFC) Wheel | Options Whale