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Short Put

In this strategy, an investor sells a put option, expecting that the price of the underlying asset will remain stable or increase, allowing the investor to keep the premium received from selling the option. Investors typically use a short put strategy when they have a neutral to bullish outlook on the stock and view a potential assignment as an opportunity to buy the asset at a desirable price.

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Options

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

Trade Information

Short Put

SELL -1 SIRI Dec 17, 2027 27.00 put @$2.40

Stock

SIRI Current Price

$31.85 USD

SIRI Breakeven Price

Above $24.60 (-22.76%)

Trade Details

Cost of Trade

-$240.00 USD

Maximum Profit

$240.00

Maximum Loss

-$2,460.00

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)