See what protecting your investments would cost.
Live, modeled outcomes for three protection strategies. Change the ticker, your protection target, or the time horizon and the numbers update.
Sets the protection target modeled across all three strategies.
Modeled to the nearest standard option expiration.
Modeled for 100 shares. At expiration, if held.
Expires Sep 17, 2027 · Modeled 5:54 AM ET · Previous close
Covered Call
LEAST PROTECTED
Downside Cushion
+8.31%
Maximum Gain
+9.83%
YOU RECEIVE TODAY
$6,337
Buffer
MORE PROTECTED
First Loss Protected
+9.79%
Maximum Gain
+13.92%
YOU PAY TODAY
$36
Collar
MOST PROTECTED
Maximum Loss
−9.94%
Maximum Gain
+13.44%
YOU PAY TODAY
$357
Payment amounts are estimated option credits or debits for 100 shares. Buying the underlying shares is separate.
Buffer: losses resume beyond the protected range. Covered Call: income cushions a limited decline, gains are capped.
Find investments that fit your budget and risk limits.
Tell Parity how much you want to invest, how much downside you’re willing to accept, and the upside you’re looking for. Explore the modeled outcomes that match.
Find what fits
Search stocks and ETFs by investment amount, maximum loss, upside target, or downside buffer.
Compare your choices
See how protection, potential gains, and costs differ across investments and strategies.
Understand your portfolio’s risk
See what options-market pricing implies about the investments you already hold.
Free account, no credit card. Set a budget and a maximum loss, and see every position that fits.
What's free, what's paid
- FreeModeling and Discover tools, including this page, saved scenarios, and the outcome explorer.
- $14.99/moTrade Builder adds contract-level trade tickets and package pricing.
- $29.99/moAPI access for programmatic outcome data.
- AdvisoryAdvisory services are available through Parity Investment Management, LLC, a registered investment adviser, for investors who want their defined-outcome portfolio managed on their behalf.
Why I built Parity
Equity markets are one of the most powerful generators of long-term wealth, but capturing that means staying invested through the hard stretches, not just the good ones. Diversification helps, yet it has limits: assets can fall together, and it can force you to sell what you believe in. I built Parity to add another layer: defined protection that puts clear boundaries around the risk you’re willing to take, so you can stay invested in what you believe in.
Grayson Niehaus, CFA · Founder of Parity