Sell a call (naked)
advancedbearishStrategy parameters
Greeks (current)
Delta
-53.427
Gamma
-4.621
Theta
6.312
Vega
-11.395
Rho
-4.094
Payoff diagram
P&L at expiryP&L today (theoretical)Current spot
Key metrics
Net cost
-$361.16
Credit (received)
Max profit
$361.16
Max loss
Unlimited
Breakevens
$103.61
Scenarios at expiry
| Move | Spot | P&L at expiry | % of cost |
|---|---|---|---|
| -20% | $80.00 | $361.16 | 100.0% |
| -10% | $90.00 | $361.16 | 100.0% |
| -5% | $95.00 | $361.16 | 100.0% |
| +0% | $100.00 | $361.16 | 100.0% |
| +5% | $105.00 | -$138.84 | -38.4% |
| +10% | $110.00 | -$638.84 | -176.9% |
| +20% | $120.00 | -$1,638.84 | -453.8% |
Mechanics & risks
How it works
You collect the premium upfront in exchange for the obligation to deliver 100 shares at the strike if assigned. Profitable if the stock stays at or below the strike.
When to use
You expect the stock to stagnate or fall, and you can post the (large) margin required.
Risks
- Loss is **unlimited** if the stock rallies sharply.
- Brokers require significant margin; assignment risk before expiry.
- Maximum profit is capped at the premium received.