Given the scenario below, I should receive 200.00 credit on my account. If PCU closes at 75.01 on expiration day, will I get to keep my full credit? Thanks! PCU APR 2006 80 PUT @ 2.50 PCU APR 2006 75 PUT @ 0.50
you only get to keep the full credit if the underlying is above the upper strike. At $75, you will loose $300. the risk graph below can help you visualize your P/L. <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1440679">