A legs are the driver spread, B legs the hedge. Green is long, red is short.
Pattern Across Strikes And Expirations
The spread pattern is held exactly. Rows walk the anchor strike, columns walk the expiration.
Hover a price to see what the same structure is worth one expiration earlier after a move.
Estimated POP and expected value come from a lognormal terminal distribution built on the
expiry's at-the-money implied volatility, integrated across the actual four-leg payoff.
They are model estimates, not predictions. Options involve substantial risk.
Stocks for Pastors provides education, not personalized financial advice.