Short Put (Naked Put) Calculator
Calculate potential profit and loss for selling a put option. This is a bullish to neutral strategy that profits from time decay and stable or rising prices.
When you sell a put, you receive premium and take on the obligation to buy shares at the strike price if assigned. You profit when the stock stays above the breakeven point. Maximum loss occurs if the stock goes to zero.
Current price: $100.00
Each contract = 100 shares
Max Profit
$300.00
Max Loss
$9200.00
Breakeven
$92.00
Premium Received
$300.00
Understanding Short Puts
A short put is a bullish options strategy where you sell a put option and collect premium. You're obligated to buy shares at the strike price if the option is exercised. This strategy is often used to acquire stocks at a discount.
When to Use a Short Put
- You're bullish or neutral on the stock
- You want to collect premium income
- You'd be happy to own the stock at the strike price
- You want to acquire shares at a discount
Key Formulas
Breakeven Price
Breakeven = Strike Price - Premium ReceivedMaximum Loss
Max Loss = (Strike - Premium) × Contracts × 100Related Calculators
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