The point at which a short option or option spread executed at a credit breaks even (it produces neither profit nor loss) in dollar terms at expiration. Beyond this point, the trade becomes unprofitable or loses money at expiration.
October 31, 2023

Reverse Collar
July 6, 2021
Realized Gains or Losses
July 6, 2021
The point at which a short option or option spread executed at a credit breaks even (it produces neither profit nor loss) in dollar terms at expiration. Beyond this point, the trade becomes unprofitable or loses money at expiration.