Breakeven
The price at which an options trade results in zero profit or loss.
Full Definition
For a long call, breakeven is the strike plus premium paid. For a credit spread, breakeven is the short strike plus or minus the credit received.
The price at which an options trade results in zero profit or loss.
For a long call, breakeven is the strike plus premium paid. For a credit spread, breakeven is the short strike plus or minus the credit received.