Option Strategies and Payoff Diagrams

The purpose of this spreadsheet is to allow you to

Input Table simulate the payoff of various option strategies by
Current Unit # of Units Traded combing the positions in underlying stocks and call and
Option Strike Price of (1 option covers put options/ The Payoff table lets you see the resulting
Instrument Initial Position Price Instrument 1 share) Investment profit/loss situation at expiry. The resulting profit is
Stock Shares n/a - - - charted on the "Payoff Diagram sheet".
Call Option 1 n/a - - - -
Call Option 2 n/a - - - - Inputs cells are light yellow background with blue text.
Call Option 3 n/a - - - - After inputting the data click the "Refresh Payoff Table"
button. This must be done everytime inputs are changed.
Put Option 1 Buy 9,100.00 270.00 1 (270.00)
Put Option 2 Sell 8,950.00 299.00 2 598.00
Put Option 3 n/a - - - -
Net Investment: 328.00
Stock Price at Option Expiry Scenario Range
High Low Increment
9,000.00 7,000.00 50.00

Payoff Table
Instrument Stock Shares Call Option 1 Call Option 2 Call Option 3 Put Option 1 Put Option 2 Put Option 3 Prepared by
Initial Position n/a n/a n/a n/a Buy Sell n/a
Initial Stock Finance Train:
Price or Option http://financetrain.com
Strike - - - - 9,100.00 8,950.00 -
Units Traded - - - - 1.00 2.00 -

Stock Price at Cash Flow at Cash Flow at Cash Flow at Cash Flow at Cash Flow at Cash Flow at Cash Flow at Total Cash Flow Position Profit /
Option Expiry Expiry Expiry Expiry Expiry Expiry Expiry Expiry at Expiry (Loss) at Expiry
7,000.00 - - - - 2,100.00 (3,900.00) - (1,800.00) (1,472.00)
7,050.00 - - - - 2,050.00 (3,800.00) - (1,750.00) (1,422.00)
7,100.00 - - - - 2,000.00 (3,700.00) - (1,700.00) (1,372.00)
7,150.00 - - - - 1,950.00 (3,600.00) - (1,650.00) (1,322.00)
7,200.00 - - - - 1,900.00 (3,500.00) - (1,600.00) (1,272.00)
7,250.00 - - - - 1,850.00 (3,400.00) - (1,550.00) (1,222.00)
7,300.00 - - - - 1,800.00 (3,300.00) - (1,500.00) (1,172.00)
7,350.00 - - - - 1,750.00 (3,200.00) - (1,450.00) (1,122.00)
7,400.00 - - - - 1,700.00 (3,100.00) - (1,400.00) (1,072.00)
7,450.00 - - - - 1,650.00 (3,000.00) - (1,350.00) (1,022.00)
7,500.00 - - - - 1,600.00 (2,900.00) - (1,300.00) (972.00)
7,550.00 - - - - 1,550.00 (2,800.00) - (1,250.00) (922.00)
7,600.00 - - - - 1,500.00 (2,700.00) - (1,200.00) (872.00)
7,650.00 - - - - 1,450.00 (2,600.00) - (1,150.00) (822.00)
7,700.00 - - - - 1,400.00 (2,500.00) - (1,100.00) (772.00)
7,750.00 - - - - 1,350.00 (2,400.00) - (1,050.00) (722.00)
7,800.00 - - - - 1,300.00 (2,300.00) - (1,000.00) (672.00)
7,850.00 - - - - 1,250.00 (2,200.00) - (950.00) (622.00)
7,900.00 - - - - 1,200.00 (2,100.00) - (900.00) (572.00)
7,950.00 - - - - 1,150.00 (2,000.00) - (850.00) (522.00)
8,000.00 - - - - 1,100.00 (1,900.00) - (800.00) (472.00)
8,050.00 - - - - 1,050.00 (1,800.00) - (750.00) (422.00)
8,100.00 - - - - 1,000.00 (1,700.00) - (700.00) (372.00)
8,150.00 - - - - 950.00 (1,600.00) - (650.00) (322.00)
8,200.00 - - - - 900.00 (1,500.00) - (600.00) (272.00)
8,250.00 - - - - 850.00 (1,400.00) - (550.00) (222.00)
8,300.00 - - - - 800.00 (1,300.00) - (500.00) (172.00)
8,350.00 - - - - 750.00 (1,200.00) - (450.00) (122.00)
8,400.00 - - - - 700.00 (1,100.00) - (400.00) (72.00)
8,450.00 - - - - 650.00 (1,000.00) - (350.00) (22.00)
8,500.00 - - - - 600.00 (900.00) - (300.00) 28.00
8,550.00 - - - - 550.00 (800.00) - (250.00) 78.00
8,600.00 - - - - 500.00 (700.00) - (200.00) 128.00
8,650.00 - - - - 450.00 (600.00) - (150.00) 178.00
8,700.00 - - - - 400.00 (500.00) - (100.00) 228.00
8,750.00 - - - - 350.00 (400.00) - (50.00) 278.00
8,800.00 - - - - 300.00 (300.00) - - 328.00
8,850.00 - - - - 250.00 (200.00) - 50.00 378.00
8,900.00 - - - - 200.00 (100.00) - 100.00 428.00
8,950.00 - - - - 150.00 - - 150.00 478.00
9,000.00 - - - - 100.00 - - 100.00 428.00

849472831.xls: Strategy inputs Page 1 of 3 02/10/2025

 1

The purpose of this spreadsheet is to allow you to

simulate the payoff of various option strategies by
combing the positions in underlying stocks and call and
put options/ The Payoff table lets you see the resulting
profit/loss situation at expiry. The resulting profit is
charted on the "Payoff Diagram sheet".

Inputs cells are light yellow background with blue text.

After inputting the data click the "Refresh Payoff Table"
button. This must be done everytime inputs are changed.

849472831.xls: Strategy inputs Page 2 of 3 02/10/2025

 Option Strategy
Profit / (Loss) Diagram

1,000
Profit / (Loss)

500

(500)

(1,000)

(1,500)

(2,000)
7,000
7,100
7,200
7,300
7,400
7,500
7,600
7,700
7,800
7,900
8,000
8,100
8,200
8,300
8,400
8,500
8,600
8,700
8,800
8,900
9,000
Stock Price at Expiration

849472831.xls: Payoff Diagram Page 3 of 3 02/10/2025