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LIVE@thejackalAAPL+$2,847•
LIVE@blakegrindsNVDA+$12,450•
LIVE@queenofcallsTSLA+$3,280•
LIVE@dragonbtcBTC+$5,120•
LIVE@mikemoneyES-$840•
LIVE@kira_optionsSPY+$1,940•
LIVE@apewolfGME+$23,900•
LIVE@thejackalAAPL+$2,847•
OPTIONS STRATEGIES·BEARISH·1 LEG

Long put

Buy a put option. Profit if the stock falls below the strike minus premium paid. Loss is capped at premium; max profit is bounded by the stock going to zero.

INPUTS
Underlying price
$
Centers the payoff chart and computes P&L at this price.
LEGS
Long put
Type
Side
Strike
$
Qty
Premium
$
RESULT
BE $97.50spot $100.00
$60.001 strike$140.00
P&L at current spot (expiry)
−$250
Net debit−$250
Max profit+$9,750
Max loss−$250
Breakeven$97.50
Risk / reward39.00 : 1
RISK PROFILE
Max profit
(Strike − premium) × 100 × contracts
Max loss
Premium paid × 100 × contracts
Breakeven
Strike − premium paid
RELATED STRATEGIES
Short call (naked)
Bearish · Capped profit, unlimited risk.
Bear put spread
Bearish · Debit spread, defined risk and reward.
Long straddle
Long volatility · Profits from big moves in either direction.
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