Buying a put gives the right to sell 100 shares at the strike until expiry. It profits as the stock falls below the breakeven (strike − premium); risk is capped at the premium.
Premiums start as Black-Scholes model values — overwrite them with your broker’s real quotes for exact numbers.
| price | today | +4d | +8d | +11d | +15d | +19d | +23d | +26d | expiry |
|---|---|---|---|---|---|---|---|---|---|
| 130.0 | -133 | -133 | -133 | -133 | -133 | -133 | -133 | -133 | -133 |
| 125.0 | -133 | -133 | -133 | -133 | -133 | -133 | -133 | -133 | -133 |
| 120.0 | -132 | -133 | -133 | -133 | -133 | -133 | -133 | -133 | -133 |
| 115.0 | -129 | -131 | -132 | -132 | -133 | -133 | -133 | -133 | -133 |
| 110.0 | -119 | -123 | -127 | -129 | -132 | -133 | -133 | -133 | -133 |
| 105.0 | -85 | -96 | -106 | -113 | -121 | -128 | -132 | -133 | -133 |
| 100.0 | 0 | -18 | -36 | -50 | -70 | -92 | -113 | -127 | -133 |
| 95.0 | 176 | 156 | 134 | 116 | 89 | 58 | 20 | -16 | -133 |
| 90.0 | 470 | 455 | 440 | 428 | 411 | 394 | 377 | 368 | 367 |
| 85.0 | 872 | 867 | 863 | 860 | 858 | 858 | 860 | 863 | 867 |
| 80.0 | 1.3k | 1.3k | 1.3k | 1.3k | 1.4k | 1.4k | 1.4k | 1.4k | 1.4k |
| 75.0 | 1.8k | 1.8k | 1.8k | 1.8k | 1.9k | 1.9k | 1.9k | 1.9k | 1.9k |
| 70.0 | 2.3k | 2.3k | 2.3k | 2.3k | 2.4k | 2.4k | 2.4k | 2.4k | 2.4k |
Dollar P&L for the whole position. Pre-expiry cells are model values (constant IV); real marks will differ with volatility and skew.
An options position is a view on the company underneath. Our SEC-grounded verdicts, quality scores and filings coverage are free for every US-listed name.
Educational model, not trade advice. Options involve substantial risk and are not suitable for every investor — read the OCC’s Characteristics and Risks of Standardized Options. Model values use Black-Scholes with your inputs (constant volatility, European exercise, no dividends) and will differ from live market prices.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.