Covered call calculator
Premium yield, called-away return and break-even.
Free risk tools
Cash-secured put calculator
What selling a put pays on the cash you set aside, and the price you really pay if you end up buying the shares.
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The shares and the put
The cash-secured put
Selling the 45 put on 100 shares brings in $90.00 on $4,500.00 set aside: 2.00% in 30 days if it expires, about 24.3% a year at that pace.
- If the shares are put to you
- You buy at 45 and keep the premium, so you really pay 44.1, 11.80% below the price now.
- Break-even
- 44.1. Below it the put loses money just as the shares would.
The result at expiry, with the put sold and with the shares bought now. Commission left out.
| Price at expiry | Put sold | Shares bought now |
|---|---|---|
| 35 | -$910.00 | -$1,500.00 |
| 40 | -$410.00 | -$1,000.00 |
| 45 | +$90.00 | -$500.00 |
| 50 | +$90.00 | +$0.00 |
| 55 | +$90.00 | +$500.00 |
| 60 | +$90.00 | +$1,000.00 |
Education only, not investment advice. The answer comes from the numbers you typed in, not from your account or the market. Simulated results are hypothetical and have limits: real trading has slippage, gaps, changing results and emotions. Trading leveraged products can lose money quickly, including all of it. Risk warning
Educational only, not financial advice; trading involves risk.
Paid to wait for a lower price
Selling a put with the cash set aside is a promise to buy the shares at the strike, and the premium is your pay for it. If the price stays above the strike, you keep the premium and the cash. If it falls below, you buy at the strike, a little cheaper once the premium is counted. The catch: a deep fall still costs almost as much as owning the shares, while a big rise passes you by, because all you earn is the premium.
Once you own the shares, the covered call calculator works out the next step; to price an option you buy, use the options profit calculator.
Not advice or tax advice. Arithmetic on the numbers you type; commission, early assignment and interest on the cash are left out.
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Baroq never holds your money and never trades for you. Educational only, not financial advice; trading involves risk.