SPY Cash-Secured Put Calculator
A cash-secured put sells a put with the cash set aside to buy the shares if they are assigned.
This page holds no SPY market data. The $100 underlying price and the premiums are examples, so type the current price and your own premiums.
At expiration with the stock at $105.00
+$133.00
Max loss -$9,367.00
At expiration with the stock at $105.00
+$133.00
Max profit
+$133.00
Max loss
-$9,367.00
Break-even
$93.67
Solid green and red: at expirationAmber: day 15, modeledDotted line: current price
- Net credit
- $133.00
- Modeled on day 15 at $105.00
- +$121.22
- Max profit as a share of max loss
- 1.4%
- Premium income
- $133.00
- Cash to set aside
- $9,500.00
- Price paid per share if assigned
- $93.67
- Return on the cash
- 1.40%
- Return on the cash, annualized
- 17.0%
- Delta (shares)
- 24.9
- Gamma
- -3.69
- Theta per day
- +$4.25
- Vega per point
- -$9.09
Modeled profit and loss by stock price and day
| Stock | Day 0 | Day 8 | Day 15 | Day 23 | Expiry |
|---|---|---|---|---|---|
| $110.93 | $122 | $129 | $132 | $133 | $133 |
| $108.20 | $110 | $122 | $130 | $133 | $133 |
| $105.47 | $90 | $109 | $123 | $132 | $133 |
| $102.73 | $55 | $83 | $107 | $129 | $133 |
| $100.00 | $0.00 | $36 | $70 | $113 | $133 |
| $97.27 | -$83 | -$41 | $1.63 | $64 | $133 |
| $94.53 | -$199 | -$157 | -$112 | -$44 | $86 |
| $91.80 | -$351 | -$314 | -$277 | -$226 | -$187 |
| $89.07 | -$539 | -$512 | -$488 | -$463 | -$460 |
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