SHORT STRANGLE

20
15
10
5
0
-5490 500 510 520 530 540 550 560 570 580

-10
-15
-20

NET PROFIT
LOT 1 SPOT 520 LOT 1 SPOT
PREMIUM 3 PREMIUM
PUT SELL Break eve 517 CALL SELL

STRIKE Profit&Loss STRIKE

490 -30 3 -27 490 0
500 -20 3 -17 500 0
510 -10 3 -7 510 0
520 0 3 3 520 0
530 0 3 3 530 0
540 0 3 3 540 0
550 0 3 3 550 0
560 0 3 3 560 0
570 0 3 3 570 -10
580 0 3 3 580 -20
560 570 580

560
13
547

PROFIT PAY OFF NET PROFIT

13 13 -30 -14
13 13 -20 -4
13 13 -10 6
13 13 0 16
13 13 0 16
13 13 0 16
13 13 0 16
13 13 0 16
13 3 -10 6
13 -7 -20 -4