Covered Combination
A covered combination option strategy involves owning the underlying asset, selling a call option, and selling a put option at the same time. This strategy is used when an investor has a neutral to slightly bullish outlook on the market.
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Options
| Action | Qty | Expiration Date | Strike | Type | Price | Delta | IV | |||||||||
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| AN | AN Leg 1 |
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Expiration Date
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| AN | AN Leg 2 |
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Qty
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Expiration Date
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Type
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Trade Information
Covered Combination
SELL -1 AN Dec 18, 2026 195.00 call @$3.70
SELL -1 AN Dec 18, 2026 170.00 put @$3.70
Stock
AN Current Price
$180.63 USD
AN Breakeven Price
Between $162.60 and $202.40
Trade Details
Cost of Trade
-$740.00 USD
Maximum Profit
$740.00
Maximum Loss
Unlimited
CVaR
Probability Analysis
Probability of Profit (PoP)
Probability of Max Profit
Probability of Max Loss
Risk Reward Analysis
Expected Value (EV)
Expected Return (EV/risk)
Reward/Risk
Position Greeks
Delta (Δ)
Gamma (Γ)
Theta (Θ)
Vega (ν)