AAPL / USD

Apple · Illustrative stock exposure

Paper market

Reference price$250.00Illustrative, not a live quote

Cap price$262.50+5% from reference

Model volatility25%Annualized assumption

SEE BOTH SIDES

Your exposure, mapped.

SETTLEMENT VALUE / UNIT

IncomeUpsideUnderlyingUnderlying price at settlement

Explore a settlement price$275.00 +10%

−50%Reference price+60%

Income value$262.50min(price, cap)

Upside value$12.50max(price − cap, 0)

Income net P&L / unit+$15.21After modeled entry cost

The chart shows terminal value, not price history. Premium is reflected in entry cost. No fees, taxes, or slippage are modeled.

At settlement, Income keeps the value up to $262.50. Upside receives anything above it. Together, the positions equal the underlying asset’s value.