Short put (naked)
Sell a put without cash collateral. You collect premium and take on the obligation to buy the stock at strike. Often paired with cash collateral as a "cash-secured put".
INPUTS
Underlying price
$
Centers the payoff chart and computes P&L at this price.
LEGS
Short put
Type
Side
Strike
$
Qty
Premium
$
RESULT
$60.001 strike$140.00
P&L at current spot (expiry)
+$120
Net credit+$120
Max profit+$120
Max loss−$9,380
Breakeven$93.80
Risk / reward0.01 : 1
RISK PROFILE
Max profit
Premium received × 100 × contracts
Max loss
(Strike − premium) × 100 × contracts (if stock → 0)
Breakeven
Strike − premium received
RELATED STRATEGIES
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