Long stock

beginnermoderate risk

Buy and hold shares. Simple directional bet — unlimited upside, limited downside.

Payoff workbench

Long stock on SPY at $652.40

Contracts1

Drag anywhere on the chart to test a price at expiryP/L at expiry · 1 contract (100 sh)

▲ +$3,934

in profitposition working

Profitable zone — P&L +$8,155 at mid-range.

The position is profitable at this price level. Consider your exit plan and whether you've reached your target return.

Position size

$65,240

100 shares at market

Your P/L at $692

+$3,934

at the dragged expiry price

Break-even

$652.4

Max loss

−$16,340

Modelled estimate: premiums are approximations from delayed quotes. Confirm at your broker.

How it’s built

The legs: toggle them to see why each one matters

Long 100 shares

Cost basis $65,240

Result

Long stock

P&L = (current price − entry) × 100. Profits if stock rises.

Pairs well with

Put credit spreadOpen →

Sell a higher-strike put, buy a lower-strike put — defined risk income.

Long callOpen →

Buy a call. Defined risk, unlimited upside if the stock rallies past your strike.

Bull call spreadOpen →

Buy a lower-strike call, sell a higher-strike call. Defined debit, defined upside.

Unfamiliar term? The glossary defines it in a sentence, and the plain-English guides cover the ideas in longer form.

Educational only, not financial advice. Quotes delayed at least 15 minutes. Premiums, deltas and probabilities are modelled estimates, not live market quotes. Confirm at your broker. Denaras never places trades.