OPTIONS — INTERACTIVE PAYOFF

Covered Call + Married Put

Combine a Covered Call with a Married Put and inspect the expiration payoff on an interactive chart.

Configure the strategy

Enter the position data. The chart is displayed full width below the form.

Ticker

Number of shares

Average share price ($)

Short call

Active

Strike ($)

Premium received ($/share)

Expiration

Long put

Active

Strike ($)

Cost paid ($/share)

Expiration

The call caps upside; the put sets a minimum sale threshold for the shares.

One standard US option contract normally covers 100 shares. Enter per-share values and the total number of covered shares. Theoretical expiration prices, excluding commissions, dividends, taxes, slippage or early assignment.

Profit / loss at expiration

Shares + short call + long put

ProfitLossPutCall

Chart scale

Min price ($)Max price ($)Min P&L ($)Max P&L ($)

Leave a limit blank to use automatic scaling. These values only change the view, not the result.

Drag the purple and orange circles to change strikes. Click the chart to inspect the result at a specific price. Green indicates profit and red indicates loss.

Maximum loss——

Break-even—Stock price at zero P&L

Maximum profit——

Hypothetical price at expiration: $14.61—

Common expiration: November 20, 2026Collar (covered call + protective put)