etn risk curves

-2

-1

0

+1

-17 -18 -19 20 +21 +22 +23

+2

-3

Stock Price At Expiration

+3

© 2010 ETNtrade.

-2

-1

0

+1

-17 -18 -19 20 +21 +22 +23

+2

-3

Stock Price At Expiration

+3

Max Risk

Breakeven Point

© 2010 ETNtrade.

-2

-1

0

+1

-17 -18 -19 20 +21 +22 +23

+2

-3

Stock Price At Expiration

+3

Breakeven Point

© 2010 ETNtrade.

-2

-1

0

+1

-17 -18 -19 20 +21 +22 +23

+2

-3

Stock Price At Expiration

+3

© 2010 ETNtrade.

-2

-1

0

+1

-17 -18 -19 20 +21 +22 +23

+2

-3

Stock Price At Expiration

+3

Breakeven Point

© 2010 ETNtrade.

-2

-1

0

+1

-17 -18 -19 20 +21 +22 +23

+2

-3

Stock Price At Expiration

+3

Max Risk

Breakeven Point

© 2010 ETNtrade.

-2

-1

0

+1

-17 -18 -19 20 +21 +22 +23

+2

-3

Stock Price At Expiration

+3Breakeven

Point

© 2010 ETNtrade.

-2

-1

0

+1

-17 -18 -19 20 +21 +22 +23

+2

-3

Stock Price At Expiration

+3Breakeven

Point

© 2010 ETNtrade.

-2

-1

0

+1

-17 -18 -19 20 +21 +22 +23

+2

-3

Stock Price At Expiration

+3Breakeven

Points

Max Risk

© 2010 ETNtrade.

-2

-1

0

+1

-17 -18 -19 20 +21 +22 +23

+2

-3

Stock Price At Expiration

+3

Max Risk

Breakeven Points

© 2010 ETNtrade.

-2

-1

0

+1

-17 -18 -19 20 +21 +22 +23

+2

-3

Stock Price At Expiration

+3

Breakeven Points

Max Profit

Max Risk

© 2010 ETNtrade.

-2

-1

0

+1

-17 -18 -19 20 +21 +22 +23

+2

-3

Stock Price At Expiration

+3

Breakeven Points

Max Profit

Max Risk

© 2010 ETNtrade.