ZTS · Wheel

Zoetis Inc. Class A Common Stock (ZTS) wheel

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

$71.41
Modelled strike
$62.00
Modelled premium
$0.51
Cash required
$6,200.00
Breakeven
$61.49
Downside buffer
13.9%
Period return
0.8%
Annualized return
10.1%
Days to expiration
31
Strategy payoffModelled cash-secured put payoff. Spot $71.41. Expiry maximum profit $51.00 · Expiry maximum loss -$6,149.00 · Expiry breakevens $61.49. 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.

$35.705Expiration P/L -$2,578.50Update time unavailable
Event / reference markers
  • Spot: $71.41
  • Expiry breakeven $61.49: $61.49
  • sell put strike $62.00: $62.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$2,578.50Update time unavailable
-$2,507.09Update time unavailable
-$2,435.68Update time unavailable
-$2,364.27Update time unavailable
-$2,292.86Update time unavailable
-$2,221.45Update time unavailable
-$2,150.04Update time unavailable
-$2,078.63Update time unavailable
-$2,007.22Update time unavailable
-$1,935.81Update time unavailable
-$1,864.40Update time unavailable
-$1,792.99Update time unavailable
-$1,721.58Update time unavailable
-$1,650.17Update time unavailable
-$1,578.76Update time unavailable
-$1,507.35Update time unavailable
-$1,435.94Update time unavailable
-$1,364.53Update time unavailable
-$1,293.12Update time unavailable
-$1,221.71Update time unavailable
-$1,150.30Update time unavailable
-$1,078.89Update time unavailable
-$1,007.48Update time unavailable
-$936.07Update time unavailable
-$864.66Update time unavailable
-$793.25Update time unavailable
-$721.84Update time unavailable
-$650.43Update time unavailable
-$579.02Update time unavailable
-$507.61Update time unavailable
-$436.20Update time unavailable
-$364.79Update time unavailable
-$293.38Update time unavailable
-$221.97Update time unavailable
-$150.56Update time unavailable
-$79.15Update time unavailable
-$7.74Update time unavailable
$0.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Spot referenceUpdate time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update time unavailable
$51.00Update 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 $61.49 per share after premium; the shares can keep falling.

Stage C would sell a $80.00 call for about $0.98, lowering the effective basis further.

Next steps

Data provenance

Figures are from published, reviewed research as of Oct 5, 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.