Income Strategy
Covered Strangle Calculator
Calculate returns for covered strangles. Sell both a covered call and cash-secured put to maximize premium income.
NeutralLimited RiskLimited Reward
A covered strangle combines a covered call with a cash-secured put. You own stock, sell an OTM call, and sell an OTM put. This doubles your premium income but requires capital for potential put assignment.
Stock Position
Current price: $100.00
Short Call
Short Put
Payoff at ExpirationStock Price vs Profit/Loss
Current: $100.00
Breakeven: $98.00, $109.00
Max Profit
$900.00
Max Loss
$19100.00
Trade Summary
Net Credit$400.00
Max Profit$900.00
Max Loss$19,100.00
Breakevens$98.00, $109.00
Total Premium
$400.00
Max Profit
$900.00