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Learn about options strategiesMaximum Loss
-$55,869
42976%
Return on Risk
+0.2%
Reward / Risk
Stock Price ($)
Profit zone Loss zone Break-even At expiration Before expiration
- You collect $130 in premium up front.
- Your maximum profit is the premium collected, kept if SPY stays above $560.00.
- You keep making money down to $558.70 at expiration.
- Below that, you effectively buy the shares at a discount to today’s price.
- If SPY falls hard, you must buy at the strike — a large but bounded loss.
- Your cash is tied up as collateral until expiration.
- You give up any upside beyond the premium collected.
Illustrative example only, using demo data. Not investment advice.