Calculate return, breakeven price, and annualized yield on any cash secured put (CSP) before you sell. Know exactly how much capital you're reserving, what protection you have, and whether the premium is worth it.
Enter the current stock price, your target strike, the premium you'll collect, and days to expiry. The calculator instantly shows your annualized yield, breakeven price, and how much downside protection the premium provides.
For wheel strategy traders, the CSP is the first leg. After a successful CSP (expires worthless), you can sell another CSP or repeat. After assignment, your adjusted cost basis is the strike price minus all premiums collected — track that in ThetaDesk.