STRATEGY

Long Put

MARKET OPINION

Bearish

MARKET POSITION

Buy a put

OPTION STRATEGY
DEBIT/CREDIT

Debit [premium paid]

PROFIT POTENTIAL

Unlimited [except to the extent that the futures price cannot fall below zero]

PROFIT POINT

Any futures price below the [strike price minus the premium paid]

LOSS POTENTIAL

Limited to premium paid

LOSS POINT

Any futures price above the [strike price minus the premium paid]; maximum loss point is any futures price at or above the strike price

BREAK-EVEN-POINT

Strike price - Premium paid

MARGIN REQUIRED

No

DELTA

0 to -1.00