... opportunity, 196 – 197 , 5 19 mechanics of, 194 – 197 overview of, 193 – 194 , 511, 5 19 risk graph, 192 , 195 , 198 , 226risk /profit profile, 195 – 197 , 226selection tactics, 198 –200strategy road map, 225–227synthetic, ... spread:breakeven, 296 , 298 , 308, 526case study, 296 – 298 defined, 250, 472exit strategies, 295 , 308margin, 295 – 296 market opportunity, 296 , 298 , 526mechanics of, 293 – 294 overview of, 292 – 293 , 296 , 298 , 512,526risk ... 424–430Series of options, 53Short call:breakeven, 96 99 , 121, 514case study, 97 99 delta neutral trades, 166exit strategies, 97 , 121margin, 97 , 99 market opportunity, 97 , 99 , 514mechanics of, 96 overview...