Let's say there are these 2 LongPuts with identical DTE=90 and UnderlyingSpot=50 : LongPut1: Strike=50, InitialPremium=7.50 LongPut2: Strike=55, InitialPremium=10.50 Is it possible to compute in advance the breakeven spot for the expiration date for these 2 long puts combined for the same UnderlyingSpot, without using any pricing calculator like BSM etc.? What's the math formula for this?
Update: it seems it's the average of the both Breakeven points : be1 = 50 - 7.50 = 42.50 be2 = 55 - 10.50 = 44.50 (be1 + be2) / 2 = 43.50 https://optioncreator.com/stwzgwa