How to Use the Break-Even Calculator

1. Enter the cash-secured put's strike price, premium per share and current stock price. 2. Set the number of contracts. 3. Read the break-even price (strike minus premium), percentage move from the current price, total premium, cash required and maximum loss.

A larger cushion between the stock price and the break-even means the stock can fall further before the trade loses money. Compare the cushion with the stock's expected move from the Implied Volatility Calculator.

Results are educational estimates from standard formulas, not investment advice. Live prices, fees and your broker's rules can change the outcome.