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Call Put Options Model

This is a mathematical model of Call and Put Options which calculates the profit and loss incurred per share and the total costs, returns achieved. It also shows how the Call Options protect against price rise and Put Options insure against price fall.

Uploaded by

Prashant Kumar
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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0% found this document useful (0 votes)
103 views

Call Put Options Model

This is a mathematical model of Call and Put Options which calculates the profit and loss incurred per share and the total costs, returns achieved. It also shows how the Call Options protect against price rise and Put Options insure against price fall.

Uploaded by

Prashant Kumar
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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OPTIONS / HEDGING

Call Option
$20.0

profit per share to buyer


of call option

$0.0
-$20.0

$0.0
$5.0
$10.0
$15.0
$20.0
$25.0
$30.0
$35.0
$40.0
$45.0
$50.0
$55.0
$60.0

Profit Per Share

$40.0

-$40.0

profit per share to seller


of call option

Market Share Price

Call Option - Insulating from Price Rise


$80,000.0
$60,000.0

cost at market price

$20,000.0

costs to buyer of call


option

$0.0
-$20,000.0
-$40,000.0

$1.0
$12.0
$23.0
$34.0
$45.0
$56.0
$67.0
$78.0
$89.0
$100.0
$111.0

Prices

$40,000.0

Market Share Price

overall returns to seller


of call option

$30.0

Premium

$10

No. of Shares

1000

$30.0
$20.0
$10.0
$0.0
-$10.0
-$20.0
-$30.0

profit per share to buyer


of put option
$0.0
$4.5
$9.0
$13.5
$18.0
$22.5
$27.0
$31.5
$36.0
$40.5
$45.0
$49.5
$54.0
$58.5

Profit Per Share

Put Option

profit per share to seller of


put option

Market Share Price

Put Option - Insuring against Price Fall Risk


$80,000.0
$60,000.0
returns from market price

$40,000.0
$20,000.0

overall returns to buyer of


put option

$0.0
-$20,000.0
-$40,000.0

$0.0
$5.0
$10.0
$15.0
$20.0
$25.0
$30.0
$35.0
$40.0
$45.0
$50.0
$55.0
$60.0

Returns

Strike Price

Market Share Price

overall profit to seller of


put option

Call Option
strike price
premium
No. of Shares

market price
per share
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
$4.5
$5.0
$5.5
$6.0
$6.5
$7.0
$7.5
$8.0
$8.5
$9.0
$9.5
$10.0
$10.5
$11.0
$11.5
$12.0
$12.5
$13.0
$13.5
$14.0
$14.5
$15.0
$15.5
$16.0
$16.5
$17.0
$17.5
$18.0
$18.5

$30.0
$10.0
1,000

cost per share of


buying from call
option seller
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0

profit per share


to buyer of call
option
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0

profit per share


to seller of call
option
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0

cost at market costs to buyer of


price
call option
$0.0
$10,000.0
$500.0
$10,500.0
$1,000.0
$11,000.0
$1,500.0
$11,500.0
$2,000.0
$12,000.0
$2,500.0
$12,500.0
$3,000.0
$13,000.0
$3,500.0
$13,500.0
$4,000.0
$14,000.0
$4,500.0
$14,500.0
$5,000.0
$15,000.0
$5,500.0
$15,500.0
$6,000.0
$16,000.0
$6,500.0
$16,500.0
$7,000.0
$17,000.0
$7,500.0
$17,500.0
$8,000.0
$18,000.0
$8,500.0
$18,500.0
$9,000.0
$19,000.0
$9,500.0
$19,500.0
$10,000.0
$20,000.0
$10,500.0
$20,500.0
$11,000.0
$21,000.0
$11,500.0
$21,500.0
$12,000.0
$22,000.0
$12,500.0
$22,500.0
$13,000.0
$23,000.0
$13,500.0
$23,500.0
$14,000.0
$24,000.0
$14,500.0
$24,500.0
$15,000.0
$25,000.0
$15,500.0
$25,500.0
$16,000.0
$26,000.0
$16,500.0
$26,500.0
$17,000.0
$27,000.0
$17,500.0
$27,500.0
$18,000.0
$28,000.0
$18,500.0
$28,500.0

$19.0
$19.5
$20.0
$20.5
$21.0
$21.5
$22.0
$22.5
$23.0
$23.5
$24.0
$24.5
$25.0
$25.5
$26.0
$26.5
$27.0
$27.5
$28.0
$28.5
$29.0
$29.5
$30.0
$30.5
$31.0
$31.5
$32.0
$32.5
$33.0
$33.5
$34.0
$34.5
$35.0
$35.5
$36.0
$36.5
$37.0
$37.5
$38.0
$38.5
$39.0
$39.5
$40.0
$40.5
$41.0
$41.5
$42.0

$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0

-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$9.5
-$9.0
-$8.5
-$8.0
-$7.5
-$7.0
-$6.5
-$6.0
-$5.5
-$5.0
-$4.5
-$4.0
-$3.5
-$3.0
-$2.5
-$2.0
-$1.5
-$1.0
-$0.5
$0.0
$0.5
$1.0
$1.5
$2.0

$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$9.5
$9.0
$8.5
$8.0
$7.5
$7.0
$6.5
$6.0
$5.5
$5.0
$4.5
$4.0
$3.5
$3.0
$2.5
$2.0
$1.5
$1.0
$0.5
$0.0
-$0.5
-$1.0
-$1.5
-$2.0

$19,000.0
$19,500.0
$20,000.0
$20,500.0
$21,000.0
$21,500.0
$22,000.0
$22,500.0
$23,000.0
$23,500.0
$24,000.0
$24,500.0
$25,000.0
$25,500.0
$26,000.0
$26,500.0
$27,000.0
$27,500.0
$28,000.0
$28,500.0
$29,000.0
$29,500.0
$30,000.0
$30,500.0
$31,000.0
$31,500.0
$32,000.0
$32,500.0
$33,000.0
$33,500.0
$34,000.0
$34,500.0
$35,000.0
$35,500.0
$36,000.0
$36,500.0
$37,000.0
$37,500.0
$38,000.0
$38,500.0
$39,000.0
$39,500.0
$40,000.0
$40,500.0
$41,000.0
$41,500.0
$42,000.0

$29,000.0
$29,500.0
$30,000.0
$30,500.0
$31,000.0
$31,500.0
$32,000.0
$32,500.0
$33,000.0
$33,500.0
$34,000.0
$34,500.0
$35,000.0
$35,500.0
$36,000.0
$36,500.0
$37,000.0
$37,500.0
$38,000.0
$38,500.0
$39,000.0
$39,500.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0

$42.5
$43.0
$43.5
$44.0
$44.5
$45.0
$45.5
$46.0
$46.5
$47.0
$47.5
$48.0
$48.5
$49.0
$49.5
$50.0
$50.5
$51.0
$51.5
$52.0
$52.5
$53.0
$53.5
$54.0
$54.5
$55.0
$55.5
$56.0
$56.5
$57.0
$57.5
$58.0
$58.5
$59.0
$59.5
$60.0

$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0
$40.0

$2.5
$3.0
$3.5
$4.0
$4.5
$5.0
$5.5
$6.0
$6.5
$7.0
$7.5
$8.0
$8.5
$9.0
$9.5
$10.0
$10.5
$11.0
$11.5
$12.0
$12.5
$13.0
$13.5
$14.0
$14.5
$15.0
$15.5
$16.0
$16.5
$17.0
$17.5
$18.0
$18.5
$19.0
$19.5
$20.0

-$2.5
-$3.0
-$3.5
-$4.0
-$4.5
-$5.0
-$5.5
-$6.0
-$6.5
-$7.0
-$7.5
-$8.0
-$8.5
-$9.0
-$9.5
-$10.0
-$10.5
-$11.0
-$11.5
-$12.0
-$12.5
-$13.0
-$13.5
-$14.0
-$14.5
-$15.0
-$15.5
-$16.0
-$16.5
-$17.0
-$17.5
-$18.0
-$18.5
-$19.0
-$19.5
-$20.0

$42,500.0
$43,000.0
$43,500.0
$44,000.0
$44,500.0
$45,000.0
$45,500.0
$46,000.0
$46,500.0
$47,000.0
$47,500.0
$48,000.0
$48,500.0
$49,000.0
$49,500.0
$50,000.0
$50,500.0
$51,000.0
$51,500.0
$52,000.0
$52,500.0
$53,000.0
$53,500.0
$54,000.0
$54,500.0
$55,000.0
$55,500.0
$56,000.0
$56,500.0
$57,000.0
$57,500.0
$58,000.0
$58,500.0
$59,000.0
$59,500.0
$60,000.0

$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0
$40,000.0

overall returns
to seller of call
option
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0

$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$9,500.0
$9,000.0
$8,500.0
$8,000.0
$7,500.0
$7,000.0
$6,500.0
$6,000.0
$5,500.0
$5,000.0
$4,500.0
$4,000.0
$3,500.0
$3,000.0
$2,500.0
$2,000.0
$1,500.0
$1,000.0
$500.0
$0.0
-$500.0
-$1,000.0
-$1,500.0
-$2,000.0

-$2,500.0
-$3,000.0
-$3,500.0
-$4,000.0
-$4,500.0
-$5,000.0
-$5,500.0
-$6,000.0
-$6,500.0
-$7,000.0
-$7,500.0
-$8,000.0
-$8,500.0
-$9,000.0
-$9,500.0
-$10,000.0
-$10,500.0
-$11,000.0
-$11,500.0
-$12,000.0
-$12,500.0
-$13,000.0
-$13,500.0
-$14,000.0
-$14,500.0
-$15,000.0
-$15,500.0
-$16,000.0
-$16,500.0
-$17,000.0
-$17,500.0
-$18,000.0
-$18,500.0
-$19,000.0
-$19,500.0
-$20,000.0

Put Option
strike price
premium
No. of Shares

market price
per share
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
$4.5
$5.0
$5.5
$6.0
$6.5
$7.0
$7.5
$8.0
$8.5
$9.0
$9.5
$10.0
$10.5
$11.0
$11.5
$12.0
$12.5
$13.0
$13.5
$14.0
$14.5
$15.0
$15.5
$16.0
$16.5
$17.0
$17.5
$18.0
$18.5

$30.0
$10.0
1,000

returns per share


of selling to put
option seller
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0

profit per share


to buyer of put
option
$20.0
$19.5
$19.0
$18.5
$18.0
$17.5
$17.0
$16.5
$16.0
$15.5
$15.0
$14.5
$14.0
$13.5
$13.0
$12.5
$12.0
$11.5
$11.0
$10.5
$10.0
$9.5
$9.0
$8.5
$8.0
$7.5
$7.0
$6.5
$6.0
$5.5
$5.0
$4.5
$4.0
$3.5
$3.0
$2.5
$2.0
$1.5

profit per share


to seller of put
option
-$20.0
-$19.5
-$19.0
-$18.5
-$18.0
-$17.5
-$17.0
-$16.5
-$16.0
-$15.5
-$15.0
-$14.5
-$14.0
-$13.5
-$13.0
-$12.5
-$12.0
-$11.5
-$11.0
-$10.5
-$10.0
-$9.5
-$9.0
-$8.5
-$8.0
-$7.5
-$7.0
-$6.5
-$6.0
-$5.5
-$5.0
-$4.5
-$4.0
-$3.5
-$3.0
-$2.5
-$2.0
-$1.5

returns from
market price
$0.0
$500.0
$1,000.0
$1,500.0
$2,000.0
$2,500.0
$3,000.0
$3,500.0
$4,000.0
$4,500.0
$5,000.0
$5,500.0
$6,000.0
$6,500.0
$7,000.0
$7,500.0
$8,000.0
$8,500.0
$9,000.0
$9,500.0
$10,000.0
$10,500.0
$11,000.0
$11,500.0
$12,000.0
$12,500.0
$13,000.0
$13,500.0
$14,000.0
$14,500.0
$15,000.0
$15,500.0
$16,000.0
$16,500.0
$17,000.0
$17,500.0
$18,000.0
$18,500.0

overall returns
to buyer of put
option
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0

$19.0
$19.5
$20.0
$20.5
$21.0
$21.5
$22.0
$22.5
$23.0
$23.5
$24.0
$24.5
$25.0
$25.5
$26.0
$26.5
$27.0
$27.5
$28.0
$28.5
$29.0
$29.5
$30.0
$30.5
$31.0
$31.5
$32.0
$32.5
$33.0
$33.5
$34.0
$34.5
$35.0
$35.5
$36.0
$36.5
$37.0
$37.5
$38.0
$38.5
$39.0
$39.5
$40.0
$40.5
$41.0
$41.5
$42.0

$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0

$1.0
$0.5
$0.0
-$0.5
-$1.0
-$1.5
-$2.0
-$2.5
-$3.0
-$3.5
-$4.0
-$4.5
-$5.0
-$5.5
-$6.0
-$6.5
-$7.0
-$7.5
-$8.0
-$8.5
-$9.0
-$9.5
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0

-$1.0
-$0.5
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
$4.5
$5.0
$5.5
$6.0
$6.5
$7.0
$7.5
$8.0
$8.5
$9.0
$9.5
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0

$19,000.0
$19,500.0
$20,000.0
$20,500.0
$21,000.0
$21,500.0
$22,000.0
$22,500.0
$23,000.0
$23,500.0
$24,000.0
$24,500.0
$25,000.0
$25,500.0
$26,000.0
$26,500.0
$27,000.0
$27,500.0
$28,000.0
$28,500.0
$29,000.0
$29,500.0
$30,000.0
$30,500.0
$31,000.0
$31,500.0
$32,000.0
$32,500.0
$33,000.0
$33,500.0
$34,000.0
$34,500.0
$35,000.0
$35,500.0
$36,000.0
$36,500.0
$37,000.0
$37,500.0
$38,000.0
$38,500.0
$39,000.0
$39,500.0
$40,000.0
$40,500.0
$41,000.0
$41,500.0
$42,000.0

$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,000.0
$20,500.0
$21,000.0
$21,500.0
$22,000.0
$22,500.0
$23,000.0
$23,500.0
$24,000.0
$24,500.0
$25,000.0
$25,500.0
$26,000.0
$26,500.0
$27,000.0
$27,500.0
$28,000.0
$28,500.0
$29,000.0
$29,500.0
$30,000.0
$30,500.0
$31,000.0
$31,500.0
$32,000.0

$42.5
$43.0
$43.5
$44.0
$44.5
$45.0
$45.5
$46.0
$46.5
$47.0
$47.5
$48.0
$48.5
$49.0
$49.5
$50.0
$50.5
$51.0
$51.5
$52.0
$52.5
$53.0
$53.5
$54.0
$54.5
$55.0
$55.5
$56.0
$56.5
$57.0
$57.5
$58.0
$58.5
$59.0
$59.5
$60.0

$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0
$20.0

-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0
-$10.0

$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0
$10.0

$42,500.0
$43,000.0
$43,500.0
$44,000.0
$44,500.0
$45,000.0
$45,500.0
$46,000.0
$46,500.0
$47,000.0
$47,500.0
$48,000.0
$48,500.0
$49,000.0
$49,500.0
$50,000.0
$50,500.0
$51,000.0
$51,500.0
$52,000.0
$52,500.0
$53,000.0
$53,500.0
$54,000.0
$54,500.0
$55,000.0
$55,500.0
$56,000.0
$56,500.0
$57,000.0
$57,500.0
$58,000.0
$58,500.0
$59,000.0
$59,500.0
$60,000.0

$32,500.0
$33,000.0
$33,500.0
$34,000.0
$34,500.0
$35,000.0
$35,500.0
$36,000.0
$36,500.0
$37,000.0
$37,500.0
$38,000.0
$38,500.0
$39,000.0
$39,500.0
$40,000.0
$40,500.0
$41,000.0
$41,500.0
$42,000.0
$42,500.0
$43,000.0
$43,500.0
$44,000.0
$44,500.0
$45,000.0
$45,500.0
$46,000.0
$46,500.0
$47,000.0
$47,500.0
$48,000.0
$48,500.0
$49,000.0
$49,500.0
$50,000.0

overall profit
to seller of put
option
-$20,000.0
-$19,500.0
-$19,000.0
-$18,500.0
-$18,000.0
-$17,500.0
-$17,000.0
-$16,500.0
-$16,000.0
-$15,500.0
-$15,000.0
-$14,500.0
-$14,000.0
-$13,500.0
-$13,000.0
-$12,500.0
-$12,000.0
-$11,500.0
-$11,000.0
-$10,500.0
-$10,000.0
-$9,500.0
-$9,000.0
-$8,500.0
-$8,000.0
-$7,500.0
-$7,000.0
-$6,500.0
-$6,000.0
-$5,500.0
-$5,000.0
-$4,500.0
-$4,000.0
-$3,500.0
-$3,000.0
-$2,500.0
-$2,000.0
-$1,500.0

-$1,000.0
-$500.0
$0.0
$500.0
$1,000.0
$1,500.0
$2,000.0
$2,500.0
$3,000.0
$3,500.0
$4,000.0
$4,500.0
$5,000.0
$5,500.0
$6,000.0
$6,500.0
$7,000.0
$7,500.0
$8,000.0
$8,500.0
$9,000.0
$9,500.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0

$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0
$10,000.0

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