Revisions

Changed all fonts to Arial instead of mixed fonts.

Added error checking to ensure high stock price range value is always greater than or equal to the low stock price range value.
Added error checking to ensure stock price increment value is always less than or equal to the high stock price range value minus the low stock price range value.
Added error checking to ensure increment is greater than or equal to zero. If increment is equal to zero and stock price range is greater than zero then only low stock price scenario is evaluated.
Added logic to account for situations where only one scenerio row is in the table - if first row of table is erased, scenario cash flow and profit formulas must be re-entered or start with the template model.
Froze window horizontal pane after row 33 so input values and headers are always visable when scrolling down scenarion table. If display is large enough so that row 33 is not visable than you won't be able to get to the table. Window panes can be unfrozen if larger display is needed.
Changed from data validation (has Excel quirks) for "Buy, Sell, n/a" to a form drop list combo box so drop arrow is always visable.
I used to utilize embedded drop down combo boxes (lots of flexibility) for list but they have plagued me with spreadsheet corruption over the years and I don't trust them anymore.
Relocated "Refresh Scenario at Expiry Table" button and "Protection Checkbox" for greater convenience.
Used stock price instead of equity or share price to be consistent.
Added print footer to profit diagram.

713395942.xls: Revisions Page 1 of 3 12/16/2023

BASIC OPTION SRATEGY AND PROFIT/LOSS DIAGRAM SPREADSHEET

Stock name: IBM Stock Price at Option Expiry Scenario Range The purpose of this spreadsheet is to allow you to enter an equity position
High Low Increment in a company's stock and or implement an option strategy around a
1 130.00 80.00 1.00 company's stock. The "Scenario at Expiry Table" lets you see the resulting
economics if the positions were held to expiry. The resulting profit is
charted on the "Strategy Profit Diagram sheet".
INPUT TABLE
Inputs cells are light yellow background with blue text. Enter your position
Current Unit # of Units Traded information and the range for stock prices along with the increments you
Option Strike Price of (1 option covers wish to see between the ranges. Then click the "Refresh Scenario at
Instrument Initial Position Price Instrument 1 share) Investment Expiry Data Table" button. Remember to do this whenever inputs are
changed.
Stock Shares Buy 100.00 1 (100.00)
Spreadsheet protection is on to avoid mistakenly overwriting or deleting
Call Option 1 Sell 110.00 2.00 1 2.00
formulas, etc. Feel free to turn it off if you are comfortable doing so.
Call Option 2 Sell 120.00 2.00 1 2.00
Call Option 3 n/a 100.00 3.00 1 -
Put Option 1 n/a 100.00 3.00 1 -
Put Option 2 n/a 100.00 2.00 1 -
Put Option 3 n/a 100.00 2.00 1 -
Net Investment: (96.00)

SCENARIO AT EXPIRY DATA TABLE

Instrument Stock Shares Call Option 1 Call Option 2 Call Option 3 Put Option 1 Put Option 2 Put Option 3
Initial Position Buy Sell Sell n/a n/a n/a n/a
Initial Stock
Price or Option
Strike 100.00 110.00 120.00 100.00 100.00 100.00 100.00
Units Traded 1.00 1.00 1.00 1.00 1.00 1.00 1.00

Stock Price at Cash Flow at Cash Flow at Cash Flow at Cash Flow at Cash Flow at Cash Flow at Cash Flow at Total Cash Flow Position Profit /
Option Expiry Expiry Expiry Expiry Expiry Expiry Expiry Expiry at Expiry (Loss) at Expiry
80.00 80.00 - - - - - - 80.00 (16.00)
81.00 81.00 - - - - - - 81.00 (15.00)
82.00 82.00 - - - - - - 82.00 (14.00)
83.00 83.00 - - - - - - 83.00 (13.00)
84.00 84.00 - - - - - - 84.00 (12.00)
85.00 85.00 - - - - - - 85.00 (11.00)
86.00 86.00 - - - - - - 86.00 (10.00)
87.00 87.00 - - - - - - 87.00 (9.00)
88.00 88.00 - - - - - - 88.00 (8.00)
89.00 89.00 - - - - - - 89.00 (7.00)
90.00 90.00 - - - - - - 90.00 (6.00)
91.00 91.00 - - - - - - 91.00 (5.00)
92.00 92.00 - - - - - - 92.00 (4.00)
93.00 93.00 - - - - - - 93.00 (3.00)
94.00 94.00 - - - - - - 94.00 (2.00)
95.00 95.00 - - - - - - 95.00 (1.00)
96.00 96.00 - - - - - - 96.00 -
97.00 97.00 - - - - - - 97.00 1.00
98.00 98.00 - - - - - - 98.00 2.00
99.00 99.00 - - - - - - 99.00 3.00
100.00 100.00 - - - - - - 100.00 4.00
101.00 101.00 - - - - - - 101.00 5.00
102.00 102.00 - - - - - - 102.00 6.00
103.00 103.00 - - - - - - 103.00 7.00
104.00 104.00 - - - - - - 104.00 8.00
105.00 105.00 - - - - - - 105.00 9.00
106.00 106.00 - - - - - - 106.00 10.00
107.00 107.00 - - - - - - 107.00 11.00
108.00 108.00 - - - - - - 108.00 12.00
109.00 109.00 - - - - - - 109.00 13.00
110.00 110.00 - - - - - - 110.00 14.00
111.00 111.00 (1.00) - - - - - 110.00 14.00
112.00 112.00 (2.00) - - - - - 110.00 14.00
113.00 113.00 (3.00) - - - - - 110.00 14.00
114.00 114.00 (4.00) - - - - - 110.00 14.00
115.00 115.00 (5.00) - - - - - 110.00 14.00
116.00 116.00 (6.00) - - - - - 110.00 14.00
117.00 117.00 (7.00) - - - - - 110.00 14.00
118.00 118.00 (8.00) - - - - - 110.00 14.00
119.00 119.00 (9.00) - - - - - 110.00 14.00
120.00 120.00 (10.00) - - - - - 110.00 14.00
121.00 121.00 (11.00) (1.00) - - - - 109.00 13.00
122.00 122.00 (12.00) (2.00) - - - - 108.00 12.00
123.00 123.00 (13.00) (3.00) - - - - 107.00 11.00
124.00 124.00 (14.00) (4.00) - - - - 106.00 10.00
125.00 125.00 (15.00) (5.00) - - - - 105.00 9.00
126.00 126.00 (16.00) (6.00) - - - - 104.00 8.00
127.00 127.00 (17.00) (7.00) - - - - 103.00 7.00
128.00 128.00 (18.00) (8.00) - - - - 102.00 6.00
129.00 129.00 (19.00) (9.00) - - - - 101.00 5.00
130.00 130.00 (20.00) (10.00) - - - - 100.00 4.00

713395942.xls: Strategy_Input_Scenario_Table Page 2 of 3 12/16/2023

 Option Strategy
Profit / (Loss) Diagram
20

15

10

5
Profit / (Loss)

(5)

(10)

(15)

(20)
80
82
84
86
88
90
92
94
96
98
100
102
104
106
108
110
112
114
116
118
120
122
124
126
128
130
Stock Price at Expiration

713395942.xls: Strategy_Profit_Diagram Page 3 of 3 12/16/2023