## Calculates per share Profit and Loss at expiration for Bear Call Ladder and draws its graph in the Plots tab.

### Usage

zOutlookRiskAdjustmentBCL(
ST,
X1L,
X2M,
X3H,
CX1L,
CX2M,
CX3H,
hl = 0,
hu = 1.5,
xlab = "Spot Price ($) at Expiration", ylab = " Profit / Loss [PnL] at Expiration ($)",
main = "Bear Call Ladder [ PnL ]"
)


### Arguments

 ST Spot Price at time T. X1L Lower Strike Price or eXercise price. X2M Medium Strike Price or eXercise price. X3H Higher Strike Price or eXercise price. CX1L Call Premium received for the sold Call at Lower Strike. CX2M Call Premium paid for the bought Call at Medium Strike. CX3H Call Premium paid for the bought Call at higher Strike . hl lower bound value for setting lower-limit of x-axis displaying spot price. hu upper bound value for setting upper-limit of x-axis displaying spot price. xlab X-axis label. ylab Y-axis label. main Title of the Graph.

### Details

According to conceptual details given by Cohen (2015), and a closed-form solution provided by Kakushadze and Serur (2018), this method is developed, and the given examples are created, to compute per share Profit and Loss at expiration for Bear Call Ladder and draw its graph in the Plots tab. EXAMPLE, Shorting HypoFintech December 24 put at $2.40, buying HypoFintech December 21 put at$1.00, and then again buying HypoFintech December 19 put at \$0.40. This is used when Bear call Spread goes wrong and the Trader is trying to Adjust Initial Bearish outlook to now a Bullish. The graph gets displayed in Plots tab.

### Value

Returns a graph of the strategy.

### Author(s)

MaheshP Kumar, maheshparamjitkumar@gmail.com

### References

Cohen, G. (2015). The Bible of Options Strategies (2nd ed.). Pearson Technology Group. https://bookshelf.vitalsource.com/books/9780133964448
Kakushadze, Z., & Serur, J. A. (2018, August 17). 151 Trading Strategies. Palgrave Macmillan. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3247865

### Examples

zOutlookRiskAdjustmentBCL(19,19,20,24,4.20,2.40,0.80)