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Options involve substantial risk and are not suitable for all investors. OptionSpire provides educational tools and information only, not investment advice. Risk Disclosure

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OptionSpire Strategies

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Long Call·Bullish
Option Position
ActionContractExpiration dateStrikeTypePriceDelete
Each contract = 100 shares

Payoff Analysis

Estimated at expiration

SPY · Long Call · Sep 11 · 9d

IV 35.0%

−$5,000$0$5,000$10,000$15,000$20,000$25,000$30,000$35,000$40,000$45,000$50,000$340$360$380$400$420$440$460$480$500$520$540$560$580$600$620$640$660$680$700$720$740$760$780$800$820$840$860$880$900$920$940$960$980
Strike $504.00
Breakeven $516.48
Current $650.24
Underlying price
Profit / Loss
Key Metrics

Cost of Trade

−$1,248.00

Max loss

1248

Max profit

Unlimited

Breakeven

516.48

Probability of profit

99.99857580810803

The Greeks

Delta (Δ)

1.00

Gamma (Γ)

0.00

Theta (Θ)

-0.07

Vega (ν)

0.00

Rho (ρ)

0.12

What do these mean? Delta, Gamma, Theta, Vega, and Rho are modeled position metrics calculated using Black-Scholes.
Strategy Details

A leveraged bullish position with a defined upfront cost.

Structure

1 leg · Bullish outlook

Black-Scholes

Premium paid $1,248.00 · Cost of trade −$1,248.00

Intrinsic value $146.24 · Time value $0.62

Calculation status

Manual input workspace ready. Estimates shown above are simulated placeholders until additional strategies are connected.

The Long Call page is now wired to live input state, Black-Scholes outputs, and payoff sampling.