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Options Strategy Builder

Every options strategy is just a combination of legs with a shape. Pick one and see its profit-and-loss at expiration, what it’s used for, its risk profile, and a worked illustrative example.

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$60.00P&L at expiration · underlying price$140.00

When it’s used

You own the stock and want income, accepting a cap on the upside in exchange for a premium today.

Risk profile

Caps the gain at about $7.50; the $2.50 premium cushions the downside. Breakeven near $97.50; you still carry most of the stock’s downside.

Worked example

Own 100 shares at $100, sell the $105 call for $2.50. Above $105 you’re called away — gains capped, premium kept.

Educational only. This shows the math and the honest odds — it is not a recommendation to make any trade, and it is not investment advice. All numbers are illustrative unless stated otherwise.