STRATEGY

Short Put

MARKET OPINION

Neutral to slightly bullish

MARKET POSITION

Sell a put

OPTION STRATEGY
DEBIT/CREDIT

Credit [premium received]

PROFIT POTENTIAL

Limited to premium received

PROFIT POINT

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

LOSS POTENTIAL

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

LOSS POINT

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

BREAK-EVEN-POINT

Strike price - Premium received

MARGIN REQUIRED

Yes

DELTA

0 to +1.00