Build a strategy Long Call Long Put Short Call Short Put Covered Call Protective Put Cash Secured Put Bull Call Spread Bull Put Spread Bear Put Spread Bear Call Spread Collar Long Straddle Short Straddle Iron Condor Calendar Spread Covered Combination Long Call Butterfly

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.

Upgrade to unlock advanced probability and risk metrics.

Upgrade now

Options

Action Qty Expiration Date Strike Type Price Delta IV
ONDS ONDS Leg 1
Action
Qty
Expiration Date
Strike
Type
Price
Delta
IV
%
ONDS ONDS Leg 2
Action
Qty
Expiration Date
Strike
Type
Price
Delta
IV
%
±100%
to
       

Trade Information

Covered Combination

SELL -1 ONDS Dec 11, 2026 7.00 call @$0.25

SELL -1 ONDS Dec 11, 2026 5.00 put @$0.27

Stock

ONDS Current Price

$5.73 USD

ONDS Breakeven Price

Between $4.48 and $7.52

Trade Details

Cost of Trade

-$52.00 USD

Maximum Profit

$52.00

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)