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62 Cards in this Set
- Front
- Back
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Long Call: Maximum Gain |
Unlimited |
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Long Call: Maximum Loss |
Premium Paid |
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Long Call: Breakeven |
Strike + Premium Paid |
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Long Call: Market Outlook/Strategy |
Bullish |
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Short Call: Maximum Gain |
Premium Received |
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Short Call: Maximum Loss |
Unlimited |
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Short Call: Breakeven |
Strike + Premium Received |
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Short Call: Market Outlook/Strategy |
Bearish |
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Long Put: Maximum Gain |
Strike - Premium Paid |
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Long Put: Maximum Loss |
Premium Paid |
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Long Put: Breakeven |
Strike - Premium Paid |
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Long Put: Market Outlook/Strategy |
Bearish |
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Short Put: Maximum Gain |
Premium Received |
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Short Put: Maximum Loss |
Strike - Premium Received |
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Short Put: Breakeven |
Strike - Premium Received |
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Short Put: Market Outlook/Strategy |
Bullish |
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Protective Call: Maximum Gain |
Short Sale Price - Premium Paid |
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Protective Call: Maximum Loss |
Strike + Premium - Short Sale Price |
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Protective Call: Breakeven |
Short Sale Price - Premium |
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Protective Call: Market Outlook/Strategy |
Fully Hedged on Short Stock Position Bearish |
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Protective Put: Maximum Gain |
Unlimited |
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Protective Put: Maximum Loss |
Cost of Stock + Premium - Strike |
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Protective Put: Breakeven |
Cost of Stock + Premium |
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Protective Put: Market Outlook/Strategy |
Fully Hedged on Long Stock Postition Bullish |
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Covered Call: Maximum Gain |
Strike + Premium - Cost of Stock |
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Covered Call: Maximum Loss |
Cost of Stock - Premium |
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Covered Call: Breakeven |
Cost of Stock - Premium |
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Covered Call: Market Outlook/Strategy |
Cut Cost of Long Stock Position (Generate Income)
Bullish |
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Covered Put: Maximum Gain |
Short Stock Proceeds + Premium - Strike Price |
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Covered Put: Maximum Loss |
Unlimited |
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Covered Put: Breakeven |
Short Stock Proceeds + Premium |
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Covered Put: Market Outlook/Strategy |
Cut Costs of Short Stock Position (Generate Income)
Bearish |
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Long Straddle |
Purchase/Buy/Own/Long/Hold in Two Equivalent Call & Put Positions |
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Long Straddle: Maximum Gain |
Unlimited |
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Long Straddle: Maximum Loss |
Combined Premiums Paid |
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Long Straddle: Breakeven |
Strike +/- Combined Premiums Paid
(Upper & Lower Breakeven Points) |
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Long Straddle: Market Outlook/Strategy |
Expecting Price Volatility Unsure if movement will be Up or Down |
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Short Straddle |
Write/Sell Two Equivalent Call & Put Positions |
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Short Straddle: Maximum Gain |
Premium Received |
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Short Straddle: Maximum Loss |
Unlimited |
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Short Straddle: Breakeven |
Strike +/- Combined Premiums Received |
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Short Straddle: Market Outlook/Strategy |
Expecting Price Stability |
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Net Debit Call Spread |
Net Debit: Option Purchased had Higher Premium than Option Sold
Call: Both Options were Call Positions
Spread: Investor Buys an Option and Sells an Option from same underlying security |
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Net Debit Call Spread: Maximum Gain |
Difference in Strikes - Net Debit |
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Net Debit Call Spread: Maximum Loss |
Net Debit |
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Net Debit Call Spread: Breakeven |
Lower Strike + Net Premium |
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Net Debit Call Spread: Market Outlook/Strategy |
Expecting Wide Spread
Slightly Bullish |
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Net Credit Call Spread |
Net Credit: Option Purchased had Lower Premium than Option Sold
Call: Both Options were Call Positions
Spread: Investor Buys an Option and Sells an Option from same underlying security |
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Net Credit Call Spread: Maximum Gain |
Net Credit |
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Net Credit Call Spread: Maximum Loss |
Difference in Strikes - Net Credit |
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Net Credit Call Spread: Breakeven |
Lower Strike + Net Premium |
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Net Credit Call Spread: Market Outlook/Strategy |
Expecting Narrow Spread
Slightly Bearish |
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Net Debit Put Spread: |
Net Debit: Option Purchased had Lower Premium than Option Sold
Put: Both Options were Put Positions
Spread: Investor Buys an Option and Sells an Option from same underlying security |
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Net Debit Put Spread: Maximum Gain |
Difference in Strikes - Net Debit |
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Net Debit Put Spread: Maximum Loss |
Net Debit |
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Net Debit Put Spread: Breakeven |
Higher Strike - Net Premium |
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Net Debit Put Spread: Market Outlook/Strategy |
Expecting Wide Spread
Slightly Bearish |
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Net Credit Put Spread |
Net Credit: Option Purchased had Higher Premium than Option Sold
Put: Both Options were Put Positions
Spread: Investor Buys an Option and Sells an Option from same underlying security |
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Net Credit Put Spread: Maximum Gain |
Net Credit |
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Net Credit Put Spread: Maximum Loss |
Difference in Strikes - Net Credit |
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Net Credit Put Spread: Breakeven |
Higher Strike - Net Premium |
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Net Credit Put Spread: Market Outlook/Strategy |
Expecting Narrow Spread
Slightly Bullish |
