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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MCH | MCH Leg 1 |
Action
Qty
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Expiration Date
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Strike
Type
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Price
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Delta
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IV
%
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| MCH | MCH Leg 2 |
Action
Qty
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Expiration Date
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Strike
Type
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Price
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Delta
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IV
%
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Trade Information
Covered Combination
SELL -1 MCH Dec 18, 2026 25.00 call @$0.73
SELL -1 MCH Dec 18, 2026 25.00 put @$1.10
Stock
MCH Current Price
$24.60 USD
MCH Breakeven Price
Between $23.17 and $26.83
Trade Details
Cost of Trade
-$183.00 USD
Maximum Profit
$182.92
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)