Option Lab
NVDA options strategies — payoff analysis, Greeks surface, and IV smile
P&L at Expiry
Bull Call Spread
NVDA @ $177.19
BUY 175 CALL$12.50
SELL 190 CALL$6.80
Max Profit
$930.00
Max Loss
-$570.00
Breakeven
$180.70
Iron Condor
NVDA @ $177.19
SELL 155 PUT$3.80
BUY 145 PUT$2.10
SELL 195 CALL$3.50
BUY 205 CALL$1.80
Max Profit
$340.00
Max Loss
-$660.00
Breakeven
$158.40, $191.60
Protective Put
NVDA @ $177.19
BUY 165 PUT$5.80
Max Profit
Unlimited
Max Loss
-$1,580.00
Breakeven
$182.99
Greeks Surface
IV Smile (Apr18 Expiry)
Strategy Comparison
vs
| Metric | Bull Call Spread | Iron Condor |
|---|---|---|
| Net Premium | -$5.70 | $3.40 |
| Max Profit | $930.00 | $340.00 |
| Max Loss | -$570.00 | -$660.00 |
| Breakeven | $180.70 | $158.40, $191.60 |
| Δ Delta | 0.200 | -0.000 |
| Γ Gamma | 0.0330 | 0.0420 |
| Θ Theta | -1.50 | -1.57 |
| ν Vega | 0.500 | 0.620 |