Re:Carl Icahn is Betting on a Stock Market Crash
by roymurdock on Wednesday May 11, 2016 @09:25AM
(#11675007)
Just look at the payoff graphs. This is how options are explained and tested in finance classes and they are usually more accessible than textual descriptions.
http://i.investopedia.com/inv/articles/site/short_vs_put.gif
This link is simple and doesn't point out strike price or take transaction fees into account but you can draw similar graphs that do.