All marketsPaper marketSETTLEMENT VALUE / UNIT
MSFT / USD
Microsoft · Illustrative stock exposure
Reference price$500.00Illustrative, not a live quote
Cap price$525.00+5% from reference
Model volatility30%Annualized assumption
SEE BOTH SIDES
Your exposure, mapped.
IncomeUpsideUnderlyingUnderlying price at settlement
$550.00 +10%
−50%Reference price+60%
Income value$525.00min(price, cap)
Upside value$25.00max(price − cap, 0)
Income net P&L / unit+$32.83After modeled entry cost
The chart shows terminal value, not price history. Premium is reflected in entry cost. No fees, taxes, or slippage are modeled.
One underlying. Two complementary positions.
At settlement, Income keeps the value up to $525.00. Upside receives anything above it. Together, the positions equal the underlying asset’s value.
Read the mechanism