WULF · Wheel

TeraWulf Inc. (WULF) wheel

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

$14.40
Modelled strike
$10.50
Modelled premium
$0.16
Cash required
$1,050.00
Breakeven
$10.34
Downside buffer
28.2%
Period return
1.5%
Annualized return
18.3%
Days to expiration
33
Strategy payoffModelled cash-secured put payoff. Spot $14.40. Expiry maximum profit $16.00 · Expiry maximum loss -$1,034.00 · Expiry breakevens $10.34. 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.

$7.20Expiration P/L -$314.00Update time unavailable
Event / reference markers
  • Spot: $14.40
  • Expiry breakeven $10.34: $10.34
  • sell put strike $10.50: $10.50
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$314.00Update time unavailable
-$299.60Update time unavailable
-$285.20Update time unavailable
-$270.80Update time unavailable
-$256.40Update time unavailable
-$242.00Update time unavailable
-$227.60Update time unavailable
-$213.20Update time unavailable
-$198.80Update time unavailable
-$184.40Update time unavailable
-$170.00Update time unavailable
-$155.60Update time unavailable
-$141.20Update time unavailable
-$126.80Update time unavailable
-$112.40Update time unavailable
-$98.00Update time unavailable
-$83.60Update time unavailable
-$69.20Update time unavailable
-$54.80Update time unavailable
-$40.40Update time unavailable
-$26.00Update time unavailable
-$11.60Update time unavailable
-$0.00Update time unavailable
$2.80Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Spot referenceUpdate time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
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$16.00Update time unavailable
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$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update time unavailable
$16.00Update 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 $10.34 per share after premium; the shares can keep falling.

Stage C would sell a $18.00 call for about $0.45, 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.

TeraWulf Inc. (WULF) Wheel | Options Whale