This workbook teaches the user how to build a workbook that will demonstrate the shape of the payoff function for virtually any combination of put and call options. It is useful when teaching or trying to understand the mechanics behind various option strategies such as Butterfly, Collar, and other options strategies.

This workbook teaches the user how to build a workbook that will demonstrate the shape of the payoff function for virtually any combination of put and call options. It is useful when teaching or trying to understand the mechanics behind various option strategies such as Butterfly, Collar, and other options strategies.

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This workbook teaches the user how to build a workbook that will demonstrate the shape of the payoff function for virtually any combination of put and call options. It is useful when teaching or trying to understand the mechanics behind various option strategies such as Butterfly, Collar, and other options strategies.

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