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Learn about options strategiesMaximum Profit
$4,029
+414.9%
Return on Risk
+414.9%
Reward / Risk
Stock Price ($)
Profit zone Loss zone Break-even At expiration Before expiration
- You pay $971 to enter this trade.
- Your maximum loss is limited to the debit paid.
- You begin making a profit below $580.29 at expiration.
- Your maximum profit is reached if SPY closes at or below $540.00.
- Profit is capped below the short-put strike.
- SPY may not fall enough before expiration.
- The stock may fall too slowly and run out of time.
- Implied volatility may decrease.
- Time decay works against the long leg.
Illustrative example only, using demo data. Not investment advice.