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Learn about options strategiesReturn on Risk
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Reward / Risk
Stock Price ($)
Profit zone Loss zone Break-even At expiration Before expiration
- You pay $1,031 to enter this trade.
- Your maximum loss is limited to the premium paid.
- You begin making a profit above $600.31 at expiration.
- Profit is theoretically unlimited as SPY rises.
- SPY may not rise enough before expiration.
- The entire premium can be lost if the stock stays flat or falls.
- Time decay works against this position every day.
- Implied volatility dropping can hurt the option price even if the stock is flat.
Illustrative example only, using demo data. Not investment advice.