LECTURE 9 COMPANION · PART 2 · SCENARIO LAB
Choose your own trade
Part 1 followed one real contract, the AAPL $130 July 2015 call, from purchase to expiry. Here you pick the contract yourself. Same stock, same real prices, same three months (April to July 2015). Choose a position, choose a strike, and see what your trade would have paid.
STEP 1 OF 5
Pick a position
Four ways to use an AAPL option. Two put you on the long side (you own the option, dark blue below), two put you on the short side (you write it and someone else owns it, brick red below). Pick one to start.
STEP 2 OF 5
Pick a strike
STEP 3 OF 5
Explore the payoff
Drag the marker (or use the arrow keys once it is focused) to see how your contract's payoff and profit change with the final AAPL price, .
payoff
profit
breakeven
extremes
STEP 4 OF 5
Run the real world
STEP 5 OF 5
Three quick checks
Click an answer for instant feedback. These three questions do not depend on which position you picked above.
About these numbers. AAPL closing prices are real (Yahoo Finance, 1 April–21 July 2015, rescaled for the 2020 stock split). Every option premium on this page, at every strike and for both calls and puts, is a Black–Scholes reconstruction from that real price and a flat 22% volatility, not a historical quote: no public archive of real 2015 option prices exists. Full method and sources: option-life.html#about-data.