Short Put

6
4
2
0
-2
-4
-6
-8
-10
-12
-14

80

85

90

95 100 105 110 115 120

Short Put

Spot Price Long Put Short Put

80
12
-12
85
7
-7
90
2
-2
95
-3
3
100
-5
5
105
-5
5
110
-5
5
115
-5
5
120
-5
5
Short Put

Exercise Price
Exercise
97 price
Spot
100
Price Long Put Short Put Long Call Short Call
97
100
80
12
-12
-5
5
97
100
85
7
-7
-5
5
97
100
90
2
-2
-5
5
97
100
95
-3
3
-5
5
97
100
100
-5
5
-2
2
97
100
105
-5
5
3
-3
97
100
110
-5
5
8
-8
97
100
115
-5
5
13
-13
97
100
120
-5
5
18
-18

Short Put

4
2
0
-2
-4
-6
-8
-10
-12
-14

97

97

97

97

97

97

97

97

97

Long Call Short Call Long Put Short Put Staddle Long
Straddle Short
Strap Long strap short Strip Long
-5
5
15
-15
10
-10
5
-5
25
-5
5
10
-10
5
-5
0
0
15
-5
5
5
-5
0
0
-5
5
5
-5
5
0
0
-5
5
-10
10
-5
-5
5
-5
5
-10
10
-15
15
-15
0
0
-5
5
-5
5
-5
5
-10
5
-5
-5
5
0
0
5
-5
-5
10
-10
-5
5
5
-5
15
-15
0
15
-15
-5
5
10
-10
25
-25
5

Short Put

Strip Short Strangle Long

Strangle Short
Spread
-25
7
-7
-15
2
-2
-5
-3
3
5
-8
8
15
-10
10
10
-5
5
5
0
0
0
5
-5
-5
10
-10

0
0
0
0
0
0
0
0
0

Bullish Spread
0
0
0
0
3
3
3
3
3