SpokeOptions Wheel Assistant
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Options P/L Diagram

The hockey-stick chart, live. Set strike, premium, and direction. You get the payoff curve, breakeven, and max loss for that position at expiration. Useful for “wait, what am I actually signing up for?” moments.

Position inputs

Strategy: Short put (cash-secured or naked)

P/L at expiration

-$7,570-$5,410-$3,250-$1,090$1,070Strike $180BE $177$108$144$180$216$252Stock price at expiration
Max profit
$350.00
Max loss
-$17,650.00
Breakeven
$176.50

This is the intrinsic-value hockey stick at expiration. Before expiration the curve is smoother because time value is still on the option. The endpoints (max profit, max loss, breakeven) are the same either way.

Educational tool. Not investment advice. This shows intrinsic value at expiration. Before expiration the curve is smoother because time value is still baked in.