This is the finally result of the IBM trade with the P/L graph requested by the OP. Expiry was today. Looks like it hit the maximum loss, needed a quicker move to the upside for the long 175.00 calls (2 contracts) to turn it into a profit. Green Dot IBM @ $163.18 - Trade entered on June 10, 2011 for $50.00 credit. Red Dot IBM @ $175.54 - Options expired on July 15, 2011 for a loss of $409.00 minus credit. P/L: - $360.00 / 734.69% Screen shot of the IBM trade in Yahoo Finance on expiry day, July 15, 2011.