Sell a future
intermediatebearishStrategy parameters
Greeks (current)
Delta
-100.000
Gamma
0.000
Theta
0.000
Vega
0.000
Rho
0.000
Payoff diagram
P&L at expiryP&L today (theoretical)Current spot
Key metrics
Net cost
-$10,111.58
Credit (received)
Max profit
$10,111.58
Max loss
Unlimited
Breakevens
$101.12
Scenarios at expiry
| Move | Spot | P&L at expiry | % of cost |
|---|---|---|---|
| -20% | $80.00 | $2,111.58 | 20.9% |
| -10% | $90.00 | $1,111.58 | 11.0% |
| -5% | $95.00 | $611.58 | 6.0% |
| +0% | $100.00 | $111.58 | 1.1% |
| +5% | $105.00 | -$388.42 | -3.8% |
| +10% | $110.00 | -$888.42 | -8.8% |
| +20% | $120.00 | -$1,888.42 | -18.7% |
Mechanics & risks
How it works
Mirror of buying a future: you profit if the underlying falls. Linear payoff with leverage.
When to use
Bearish view with capital efficiency.
Risks
- Loss is **unlimited** if the underlying rises.
- Margin call risk; daily mark-to-market.