Add training workflow, datasets, and runbook
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OPTION TrAdINg STrATegIeS
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tabLe 35.20a profit/Loss Calculations: bull put Money Spread (Long put with Lower Strike price/
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Short put with higher Strike price); Case 1—both puts In-the-Money
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(1) (2) (3) (4) (5) (6) (7) (8)
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Futures price
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at expiration
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($/oz)
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premium of
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august $1,250
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put ($/oz)
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$ amount
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of premium
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paid
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premium of
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august $1,300
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put ($/oz)
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$ amount
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of premium
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received
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$1,250 put
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Value at
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expiration
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$1,300 put
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Value at
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expiration
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profit/Loss on
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position
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[(5) − (3) + (6) −(7)]
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1,000 68.7 $6,870 108.7 $10,870 $25,000 $30,000 –$1,000
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1,050 68.7 $6,870 108.7 $10,870 $20,000 $25,000 –$1,000
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1,100 68.7 $6,870 108.7 $10,870 $15,000 $20,000 –$1,000
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1,150 68.7 $6,870 108.7 $10,870 $10,000 $15,000 –$1,000
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1,200 68.7 $6,870 108.7 $10,870 $5,000 $10,000 –$1,000
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1,250 68.7 $6,870 108.7 $10,870 $0 $5,000 –$1,000
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1,300 68.7 $6,870 108.7 $10,870 $0 $0 $4,000
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1,350 68.7 $6,870 108.7 $10,870 $0 $0 $4,000
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1,400 68.7 $6,870 108.7 $10,870 $0 $0 $4,000
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FIGURE 35.20a
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Profi t/loss Profi le: Bull Put Money Spread (long Put with lower Strike Price/
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Short Put with Higher Strike Price); Case 1—Both Puts In-the-Money
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Price of August gold futures at option expiration ($/oz)
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Profit/loss at expiration ($)
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1,000
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3,750
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5,000
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2,500
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0
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1,250
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1,050 1,100 1,150 1,200 1,250
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Breakeven price
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= $1,260
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1,300 1,350 1,400
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−1,250
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Futures price at time
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of position initiation
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