Does anyone have a good way to explain/remember the max gain, loss, BE price, value, and profit for covered calls, protective puts, collars spreads, and straddles. Sone make sense conceptually but others do not. Thanks!
Start with the graphs. It makes it waaay easier to understand all those unwieldy, messy, nasty, dirty, smelly formulas.
Learn the payoff diagrams.
The rest is easy.
That’s exactly what I said: use the graphs instead of the vile, dirty, nasty, evil, puppy-kicking, orphanage-foreclosing formulas.